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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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Tuesday, 02 October 18
PANAMAX: A FURTHER RISE ACROSS ALL MAIN ROUTES THIS WEEK - ALLIED
Capesize
Finally an upward recovery was in sight in the spot market the past few days, after the prolonged negative pressure noted the weeks pr ...
Tuesday, 02 October 18
THE PRICE OF OIL CONTINUES ITS CLIMB AMIDST A SERIES OF CONCERNS REGARDING SUPPLY CONSTRAINTS - GEORGE LAZARIDIS
It has been a busy week for oil traders as the price of oil continues its climb amidst a series of concerns regarding supply constraints.
...
Tuesday, 02 October 18
INDONESIA GETS READY TO MEET INCREASED COAL DEMAND FROM CHINA, FREIGHT TO RESPOND - MIKAL BOE
Indonesian coal suppliers have increased their domestic coal production target by 4.5 percent from a previous 485 million tonnes to a massive 507 m ...
Monday, 01 October 18
SUPRAMAX: A 56,000 DWT FIXED DELIVERY FOR A SURABAYA TRIP WITH REDELIVERY TO WEST COAST INDIA AT $13,500 - THE BALTIC BRIEFING
Capesize
A stop-start market for the big ships with many expectations and few fulfilled. Holidays curtailed trading early in the week, but the ...
Monday, 01 October 18
A NO-DEAL BREXIT WILL UNDOUBTEDLY HAVE CONSEQUENCES FOR IMPORTERS AND EXPORTERS - KATE JONES, THE BALTIC BRIEFING
If you live in the UK, you might be finding it difficult to get away from the Brexit debate. “Hard Brexit”, “soft Brexit”, ...
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- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
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