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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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Wednesday, 07 October 15
SHIPPING MARKET INSIGHT - INTERMODAL
Sale and Purchase activity during the first three quarters of 2015 and more specifically during the summer season has been rather remarkable. 421 v ...
Wednesday, 07 October 15
INDONESIA COAL SWAPS HAVE CONTINUED TO DECLINE, FALLING ALMOST 7% M-M
COALspot.com: Indonesian coal swap for delivery Q4 2015 declined month on month and week over week.
The Q4 swap declined $ 2.23 (-5.51%) per t ...
Tuesday, 06 October 15
THE IMPACT OF LOW OIL PRICE ON THE SHIPPING INDUSTRY - LITERATED
The fall in global oil prices over the last one year has been beneficial to the shipping industry. The demand for oil tankers has picked up and the ...
Tuesday, 06 October 15
FOB RICHARDS BAY COAL SWAPS PLUNGE MORE THAN 6 PER CENT M-M
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q4' 2015 declined week over week and month over month.
The Q4 swap was down US$ ...
Monday, 05 October 15
Q1 & Q2 2016 DELIVERY SWAPS DECLINED M-M AND W-W THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2015 delivery decreased $0.36 per ton (0.85%) month over month to US$ 42.12 per ton. The ...
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- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
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