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Monday, 08 April 19
THERMAL COAL PRICES FALL, INDIAN POWER PLANTS TO SEE LIMITED GAINS - BUSINESS STANDARD
Thermal coal prices are on a downward spiral globally. Australian coal prices have fallen nearly 20 per cent in the past week, and 40 per cent from their peak of 2018, according to Reuters.
For domestic power producers, that import coal, this should come as good news. However, the extent of benefit will be limited as Indian firms import largely from Indonesia and South Africa.
“India does not import much from Australia. The decline is more volatile and is not meaningful for companies to strategise accordingly. There may be some cost advantage due to the fall, but it will not be significant,” said Sharad Mahendra, chief operating officer – energy business, JSW Energy.
Australian coal saw its steepest decline in prices in the past decade, hurt by a weak global growth and lower demand.
“The recent fall in global coal prices — Indonesian coal is down 14 per cent while South African coal has declined 21 per cent in the past six months — is driven by various external factors. The change in investment sentiment in Japan to move away from coal projects, and the record increase in coal production in China and its plans to open new mines are impacting the demand for imported coal,” said Kameswara Rao, partner with PwC India.
JSW Energy, Tata Power and Adani Power use imported coal in their plants and stand to benefit from any downward movement in international coal prices.
Mahendra said while Australian coal prices are influenced by Japanese demand, China decides the fate of coal from geographies like Indonesia. “Prices for South African coal have seen a drop in the past six months, while Indonesian prices are determined more by the changes in global demand,” he said.
According to the Department of Commerce, coal imports from Australia stood at 3.33 million tonnes between April 2018 and January 2019, while imports from Indonesia and South Africa in the same period were at 81.95 million tonnes and 23.69 million tonnes, respectively.
India’s overall coal imports in the first 10 months of financial year 2018-19 (FY19) were 124.4 million tonnes, up 6.75 per cent on a year-on-year basis.
“As India’s coal imports are growing at a lower pace than before, global coal prices should continue to soften,” Rao said.
Officials from JSW Energy said the current fall in prices comes at a time when India will enter a lower power demand period because of monsoons, while peak summer supplies have been tied up.
“Contracts from June onwards will be entered into now, with power demand expected to be lower during monsoons in India, it may not lead to a rise in imports from where it currently is,” Mahendra added.
However, below-normal rains knocking off the hydro capacity may later have an opposite effect.
Source: Business Standard
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Thursday, 16 May 19
SUPRAMAX: INDO/CHINA COAL RV TRADING AROUND US$ 9,000 BSS S.CHINA DELIVERY - FEARNLEYS
Capesize
This volatile segment is trying to find a clear direction from the present US$ 12,000/day earnings for standard units says Fearnleys W ...
Wednesday, 15 May 19
SHIPPING MARKET INSIGHT - THEODORE NTALAKOS
Modern warfare - Trade wars & sanctions
As of May 1st, the U.S. has ended waivers to the sanctions that had allowed the top buyers of Irani ...
Monday, 13 May 19
INDONESIAN COAL PRICE REFERENCE CONTINUES TO FALL
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Monday, 13 May 19
SUPRAMAX: SOUTHEAST ASIA THE MARKET SAW BETTER DEMAND - BALTIC BRIEFING
Cape
The market continued its rollercoaster ride last week opening with negative sentiment, but turning around in dramatic fashion by the week& ...
Thursday, 09 May 19
DEEP OFFSHORE SOUTHEAST ASIA CONGRESS 2019
Deep Offshore Southeast Asia Congress 2019
Event Date:2-3th July. 2019t
Location: Jakarta, Indonesia
Sarawak Shell Berhad (S ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
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- Australian Coal Association
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- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
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- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
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- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
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- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
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- India Bulls Power Limited - India
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- Mjunction Services Limited - India
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- Agrawal Coal Company - India
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- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
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- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
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- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
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- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
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- CIMB Investment Bank - Malaysia
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- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
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- Petron Corporation, Philippines
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- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
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- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
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- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
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- Economic Council, Georgia
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- SMC Global Power, Philippines
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- The University of Queensland
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
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- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
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- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
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- Indian Energy Exchange, India
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- Global Green Power PLC Corporation, Philippines
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- Global Coal Blending Company Limited - Australia
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