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Thursday, 08 February 18
ENHANCED PRODUCTION BY COAL INDIA LIMITED HELPS DECLINE IN COAL IMPORTS - UNION MINISTER OF RAILWAYS AND COAL
Coal ExcavatorAccording to press release from PIB, as per the current import policy, coal is kept under Open General License (OGL) and consumers are free to import coal from the source of their choice as per their contractual prices on payment of applicable duty.   
 
However, Coal imports have fallen from 217.78 Mte in 2014-15 to 203.95 Mte. in 2015-16 and further to 190.95 Mte. in 2016-17. The trend of fall in import of coal has continued in 2017-18. As per (DGCI&S), during April-October,2017-18, 118.86 Mte. (Provisional) of coal was imported as compared to 121.14 Mte. in the corresponding period of 2016-17 showing a decline of 1.9%. 
 
The fall in imports is largely on account of enhanced production by CIL.  The vendible stock of CIL has increased from 53.47 Mt. as on 01.04.2015 to 68.42 Mt. as on 01.04.2017.  The off-take / dispatch of coal of CIL has also increased from 488.86 Mt in 2014-15 to 543.16 Mt. in 2016-17. 
 
However, the gap between demand and supply of coal cannot be bridged completely as there is insufficient domestic availability of coking coal and power plants designed on imported coal will continue to import coal for their production.
 
 As per Directorate General of Commercial Intelligence & Statistics (DGCI&S), a small quantity of coal was imported (including Coal, Coke and Briquittes etc.) from USA during October, 2017 viz. 1.07 MT (against 0.36 MT imported in January, 2015).
 
This information was given by the Union Minister of Railways and Coal Shri Piyush Goyal in a written reply to a question in Lok Sabha today.


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Tuesday, 06 February 18
THE FUNDAMENTALS FOR INDIAN COAL IMPORTS CONTINUE TO LOOK PROMISING - TORVALD KLAVENESS
Back in August we reported that the fundamentals impacting Indian coal imports looked more promising. Trade flow data today implies 17.4Mt of ...


Monday, 05 February 18
SUPRAMAX : INDONESIA TO INDIA PASSING THROUGH SINGAPORE HAS SOFTENED
COALspot.com: The daily average earnings for Supramax, for the route Indonesia to India passing through Singapore has softened, week over week, own ...


Friday, 02 February 18
SUPRAMAX : INDONESIA TO CHINA COAL TRIPS ARE PAYING AROUND MID USD 9000 - FEARNLEYS
Supramax Rather quiet week within Atl, specially Continent due to lack of cargoes. According to Fearnleys Weekly - Dry bulk report published ...


Friday, 02 February 18
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALED 54.1 MMST, DOWN 8.8% YOY - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.3 million short tons ...


Thursday, 01 February 18
RISING US OIL EXPORTS, MARKET DISRUPTION, BRENT-WTI SPREAD - WOOD MACKENZIE
What will US tight oil growth do to crude markets? The build-up in volumes early this decade led to a supply glut that undermined prices in 2014. ...


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