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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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Monday, 12 October 15
BDI WEIGHED DOWN BY CAPE
COALspot.com: The BDI (Baltic Dry Index) has come back down again this week. The BDI is a benchmark index used to assess the overall cost of moving ...
Sunday, 11 October 15
TANKER SHIPPING: MORE OPTIMISM IN SIGHT FOR TANKERS IN THE WINTER SEASON - BIMCO
Demand:
2015 has been the year of the tanker. The fundamental improvements with slow supply-side growth for some years coupled with low oil pri ...
Friday, 09 October 15
US WEEKLY COAL OUTPUT UP 1.2 PERCENT TO 17.7 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.7 million shor ...
Thursday, 08 October 15
CAPESIZE: MOST PEOPLE AGREE A SPIKE IN RATES WILL HAPPEN; WHEN, HOW LONG AND HOW SUBSTANTIAL? - FEARNLEYS
Cape
Depressives start of the fourth quarter, with c3 approaching USD 12 pmt and c5 presently in the mind 5's. According to Fearnleys ship br ...
Wednesday, 07 October 15
U.S. COAL EXPORTS FOR THE FIRST SEVEN MONTHS DOWN 21 PER CENT COMPARED WITH THE SAME PERIOD IN 2014 - EIA
Coal Supply
Lower U.S.’s domestic coal consumption and reduced exports contribute to a forecast decline of 89 million short tons (M ...
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- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- The Treasury - Australian Government
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- The University of Queensland
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Australian Coal Association
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- VISA Power Limited - India
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
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