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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, 03 December 15
PANAMAX BUSINESS REMAINED UNDER PRESSURE LAST WEEK
COALspot.com: Following the new record lows the Dry Bulk market witnessed the week prior, the BDI took a much needed breath during the past days.
...
Wednesday, 02 December 15
Q3' 16 FOB RICHARDS BAY COAL SWAP SLIGHTLY UP FOR THE THIRD STRAIGHT WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 up month over month and fell week over week.
The Q1’ 2016 &nbs ...
Wednesday, 02 December 15
MARKET INSIGHT - VASSILIS LOGOTHETIS
Boom and bust cycles in commodity prices are not something rare, yet they have important implications both for the world economy in general and for ...
Tuesday, 01 December 15
FOB NEWCASTLE COAL SWAP UP THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $3.75 per ton (9.26%) month over month to US$ 36.75 per ton. The swap ...
Tuesday, 01 December 15
TANKERS VERSUS BULKERS - JUST PLAYING CATCH UP? - CLARKSONS
It’s now more than a year since the tanker market took off. In mid-2014 tanker earnings picked up and since then have been in the $30-$40,000 ...
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- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Economic Council, Georgia
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
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