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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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Wednesday, 10 April 19
KOSPO INVITED BIDS FOR 160K MT OF MIN. 3700 NCV COAL FOR JUNE LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 160,000 MT of min. 3,800 Kcal/kg ~max.4,100 ...
Wednesday, 10 April 19
CHINA'S GROWING THERMAL COAL SUPPLY TO PRESSURE EXPORTERS - FITCH RATINGS
Growing Chinese thermal coal supply is likely to lead to further tightening of import controls by the government, putting pressure on seaborne coal ...
Wednesday, 10 April 19
SHIPPING MARKET INSIGHT - INTERMODAL
The tragedy in Brazil’s Vale Brumadinho where a tailings dam collapsed in January ranks among the world’s worst mining disasters. It co ...
Monday, 08 April 19
5TH INDIA NUCLEAR NEW BUILD CONGRESS 2019
5th India Nuclear New Build Congress 2019
The congress in Mumbai aims to bring together representatives from governments, regulators ...
Monday, 08 April 19
CHEAP COAL SWELLS IN SOUTHEAST ASIA, FOILING GLOBAL GREEN PUSH - NIKKEI
Southeast Asian countries are turning to low-cost coal to satisfy their surging electricity demand as the West shies away from the fossil fuel unde ...
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Showing 1426 to 1430 news of total 6871 |
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- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
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