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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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Saturday, 06 April 19
SUPRAMAX: IT WAS A POOR WEEK OVERALL FOR THE BALTIC SUPRAMAX INDEX, WHICH LOST GROUND - BALTIC BRIEFING
Capesize
The Capesize market over the past week looked to have found a floor on Tuesday with the BCI 5TC at $3460 before firming into the rest ...
Thursday, 04 April 19
OVERSUPPLY STILL MAJOR CHALLENGE WARNS ICS
Speaking in Istanbul, Simon Bennett, Deputy Secretary General of the International Chamber of Shipping (ICS) warned that avoiding overcapacity and ...
Thursday, 04 April 19
GLENCORE, TOHOKU ELECTRIC SET COAL CONTRACT PRICE AT $94.75/T - SOURCE, REUTERS REPORTED
Global miner Glencore and Japan’s Tohoku Electric Power agreed on a price of $94.75 per tonne for supplies of thermal coal from Australia for ...
Monday, 01 April 19
FORCE MAJEURE SUCCESS NOT A SEA CHANGE - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
It is difficult to successfully argue that contractual performance has been prevented or delayed by force majeure. This i ...
Monday, 01 April 19
AUSTRALIAN COAL AT RISK FROM CHINA MOVE, WARNS GOVERNMENT REPORT - SYDNEY MORNING HERALD
A new government report warns China’s restrictions on coal imports is the number one risk for Australian coal this year and could lead to a s ...
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- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
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