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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, 29 October 18
SUPRAMAX: THE ASIAN AREA SAW FALLING RATES, WITH A 61,000DWT FIXING DELIVERY KOHSICHANG TRIP VIA INDONESIA, REDELIVERY INDIA, AT $10,500 - BALTIC BRIEFING
Capesize
A market of two halves for most of the week with rates in the Atlantic firming and easing in the East for most of the week, but then, ...
Friday, 26 October 18
SHIP OPERATING COSTS EXPECTED TO RISE IN 2018 AND 2019 - MOORE STEPHENS
Total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey.
...
Friday, 26 October 18
SEVERAL CONTRACTIONS IN GLOBAL STEEL PRODUCTION - JEFFREY LANDSBERG
World Steel Association data released today shows that global crude steel production totaled approximately 151.7 million tons in September. T ...
Thursday, 25 October 18
WHAT DOES THE "IMO 2020" REGULATION REALLY SAY? A QUICK GUIDE - BIMCO
KNOWLEDGE TO ELEVATE
The shipping industry has all eyes firmly fixed on the topic, but what exactly do the “IMO 2020” global sulph ...
Wednesday, 24 October 18
MARKET INSIGHT - NASSOS SOULAKIS
Looking at 2018 SnP activity, it is evident that Greek, Chinese and North European (German and Norwegian) owners are the top buying nationalities, ...
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- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- PTC India Limited - India
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- MS Steel International - UAE
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
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