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Friday, 02 November 18
COAL FETCHES 102% PREMIUM IN E-AUCTION, SURPASSING THE EARLIER HIGHEST OF 95% - FINANCIAL EXPRESS
 Coal prices have received a premium of 102% in spot e-auction during September 2018, surpassing the earlier highest of 95% premium during the spot e-auction in October 2017.
This price discovery is owing to the demand-supply mismatch, although coal production has achieved a double digit growth during the first six months of the fiscal. In the first six months coal production grew 10.6%, according to CIL statistics. But this could not match the high coal demand due to rise in power production, lower hydro power generation as well as growth in production levels from non regulated consuming sectors like cement, aluminium, steel and paper.
A section of coal ministry officials suggest leakage in mechanism for which coal shortage is persistent in the power sector despite increased supply.
However, non power consumers, not getting linked coal are compelled to take costlier e-auction coal thereby losing cost efficiency in production. Further the woes are added by having to carry coal by the road mode with no additional railway rakes being allotted.
Carrying coal by road is almost 4 times costlier than carrying coal by rail and thereafter coal is being offered from such location, which doesn’t seem feasible for lifting. “A company in Maharashtra is offered coal from the mines of Eastern Coalfields in West Bengal, whereas West Bengal Power Development Corporation has to bring coal from the mines of Mahanadi Coalfield,” a non power consumer on the condition of anonymity said.
This has been true even for the power producers since the extra coal, the sector has been recently offered, has to be taken by the road mode, a CIL official said.
However, a ministry official pointed out that while the state gencos and the state agencies are being supplied coal above their quota by an order of the coal ministry in June this year, the utilisation of this coal is not known. Citing West Bengal Power
Development Corporation he said, while most of the units are shut down and the state distribution company is sourcing power from the exchange, there is no dearth of supplies of coal to WBPDCL. But there are reports of power supplies tripping, which should not be the case.
However, CIL said it has increased coal supplies to West Bengal’s generation company to meet increasing demand during the festive season.
According to an ICRA report, during the just concluded monsoon season, domestic coal production growth slowed down to 3.8% and 3.2% in September and August respectively, against 10.6% in July and 13.2% in June. This lead coal stocks at power plants to steadily deteriorate from a high of 21.1 million tonne (mt) in July end to an estimated 15.8 mt in end of September.
Source: Financial Express
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Monday, 19 November 18
SUPRAMAX: THE BSI CONTINUED TO FALL LAST WEEK, ESPECIALLY THE ASIAN ROUTES - BALTIC BRIEFING
Capesize
After a cut throat couple of weeks, the market finally appeared to have found a floor and rates ticked up. Those analysts that predict ...
Sunday, 18 November 18
COAL STOCKS IN A THIRD OF NTPC PLANTS CLOSE TO NIL - FINANCIAL EXPRESS
Coal supply shortage continues to haunt NTPC, the country’s largest power generator, with latest government data showing 31% of the company&r ...
Thursday, 15 November 18
OIL MARKET REPORT: HEEDING THE WARNINGS - IEA
In last month’s Report, we noted that since the middle of the year oil supply had increased sharply, with gains in the Middle East, Russia an ...
Wednesday, 14 November 18
BIMCO ADOPTS 2020 BUNKER CLAUSES
BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release.
...
Wednesday, 14 November 18
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
The shipping industry is going through an interesting period across all markets. Since the end of last year, the Dry Baltic Index has been showing ...
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- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- White Energy Company Limited
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- PTC India Limited - India
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
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