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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, 20 March 19
COAL EXPORT FEARS RESURFACE AS RESTRICTIONS HIT MORE CHINESE PORTS AND AUSTRALIAN PRICES COP A 'BELTING' - ABC
Australian thermal coal exports to China are under increasing pressure, with indications import restrictions are spreading to other key ports.
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Monday, 18 March 19
A 56,000DWT SHIP FIXED DELIVERY FOR A SINGAPORE TRIP VIA INDONESIA, RE-DELIVERY CHINA, AT $10,000 - BALTIC BRIEFING
Capesize
The Baltic Capesize market shrugged off its recent negative sentiment to post daily incremental improvements over the last week. Pacif ...
Saturday, 16 March 19
AUSTRALIAN COAL STILL FACING CHINESE DELAY - AAP
Australian coal exports to China are still facing delays, with protectionism and environmental checks blamed for the slowdown.
Coal ...
Thursday, 14 March 19
SUPRAMAX: INDO COAL CARGOES GETTING FIXED AT AROUND US$ 12000 TO CHINA - FEARNLEYS
Capesize
Average daily earning still well below operating costs, and owners keep bleeding - but nevertheless finally some bright spots for the ...
Monday, 11 March 19
SUPRAMAX: A 61,000 DWT VESSEL WAS BOOKED SINGAPORE FOR A TRIP VIA INDONESIA TO CHINA AT $10,500 - BALTIC BRIEFING
Capesize
A faint glimmer of hope with the suggestion the market may have finally bottomed out, with owners attempting to resist further cuts in ...
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- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Planning Commission, India
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- The University of Queensland
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
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