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Friday, 27 May 16
PET-COKE IMPORTS TO FACE PRESSURE IN INDIA
 COALspot.com: An Indian environmental activist moved the National Green Tribunal seeking ban on the use of all forms of petroleum coke, also called Petcoke, as it emits fine particulate matter (PM), which is harmful to human health, says PTI.
Petroleum coke or petcoke is a carbonaceous solid delivered from oil refinery coker units is a high calorific value solid fuel and is used for power generation by Indian private and public sectors due to its low delivered cost. According to PTI, the petition filed by Pritam Singh has contended that the demand and supply of Pet-coke was increasing at a high rate due to its cheaper cost and better availability compared to coal.
As reported by PTI, according to Ashwani Kumar Dubey, advocate of Pritam Singh "Pet-coke is being consumed by both the private and public sector with a massive growth rate. In FY 2013-14, 2.13 million tonnes were used in the public sector and 9.662 million tons were used by the private sector. However, in FY 2014-15, 2.381 million tonnes were used in the public sector and 12.027 million tonnes were used in the private sector. That approximately 5.81 million tonnes of petroleum coke were imported into the country in FY 2014-2013 as compared to 3.57 million tonnes in FY 2013-2014, thus having the growth rate of 62 per cent."
Indian utilities import Pet coke from the U.S. as well as Saudi Arabia due to its lowest price and high calorific value energy. Indian cement producers burn more Pet coke compared to power producers in India.
If India’s National Green Tribunal decides to ban the use of Pet Coke in India, then there will be short term energy supply disturbance, particularly for Pet coke users as those buyers may face contractual defaults with their respective Pet-coke suppliers as well as ship Owners. Any ban on with immediate effect would affect the vessels which are currently carrying Pet Coke towards India. The plants will also face fuel supply disturbance as those Pet Coke users should look for prompt and alternative high calorific coal to replace Pet coke to keep their factories in operating mode.
According to our market sources in India, some of the Indian Pet Coke users consuming Pet coke without getting amendments to their EC certificates where the approved sulphur level was maximum one percent. The Pet coke used to contain high sulphur content. The same sources told us that, in such case the punitive penalty would be huge and it will affect the bottom line of Pet Coke users in India.
The Indian National Green Tribunal’s decision if favors, environmental activists, the COALspot.com predicts there would be huge demand for higher calorific coal for prompt loading. Any sudden demand for high calorific value coal would push up the global coal price as well as shipping freight to a higher level compared to today’s level.
Commenting on Mozambique coal, our sources in India said, Indian cement, utilities are now accepting coal from Mozambique as coal prices of Mozambique origin were working out cheaper on an evaluation basis compared to current RB2 coal prices.
5500 NAR coal from South African origin coal is offered at around US$ 53 per ton basis CFR East Coast of India, whereas 6100 NAR coal of Mozambique origin is being offered at around US$ 50 per ton for the same destination. Mozambique coal’s volatile matter is around 20%, which is quite low compared to South African coal and Ash content is around 23% which is also quite higher compared RSA coal. However, Indian cement, utilities are now days accepting Mozambique coal without any hesitation due to its price advantages.
South African coal is also slowly losing its grip in India due to its high price levels compare to coal from other sources. According to a market player, RB1 coal is almost out of India and the Mozambique coal will also possibly push out RB2 coal soon if the Mozambique keeps offering the coal at this attractive level. RB3 coal fetching higher domestic price in South Africa, hence it may not look for an export market.
Will Indian National Green Tribunal’s upcoming decision on Pet Coke write a new equilibrium for coal import and demand in India?
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Thursday, 05 May 16
DRY BULK MARKET ON REVERSE MODE, AS HOLIDAYS AROUND THE WORLD HURT DEMAND - HELLENIC SHIPPING NEWS
The dry bulk market’s recent rally has been put on a temporary hold, as various holidays around the world have put a stop in it. In its lates ...
Wednesday, 04 May 16
COAL IMPORTS: A VOLATILE MATTER OR STILL POWERING DOWN? - CLARKSONS
Chinese coal imports decreased significantly in 2014-15, and so far in 2016 the pace of decline appears to have slowed, with imports even recording ...
Wednesday, 04 May 16
IS THE DRY BULK MARKET OUT OF THE WOODS YET, OR NOT? - HELLENIC SHIPPING NEWS
Things are beginning to brighten up in the beleaguered dry bulk market, which is riding on a multi-week rally to find itself around the “psyc ...
Wednesday, 04 May 16
POWER - WEEK: REAL EXAMPLES AND CASE STUDIES
POWER WEEK
7 - 11 November 2016, PARKROYAL on Beach Road Hotel, Singapore
www.power-week.com
Overview
Designed for the global e ...
Tuesday, 03 May 16
HOW TO AVOID THE LATEST CARGO FRAUDS - BIMCO
BIMCO receives regular reports from members around the world about cargo fraud. This week alone we have had two reports of cargoes being fixed (or ...
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- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- The University of Queensland
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Planning Commission, India
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
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