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Monday, 30 December 19
INDIA'S COAL IMPORTS RISE 4% TO 161.43 MT IN APRIL-NOVEMBER 2019 - PTI
 The country’s coal imports registered an increase of 4.4 per cent to 161.43 million tonnes (MT) in the April-November period of the ongoing fiscal.
This comes amid the Centre exuding hope that imports of the fossil fuel would be contained to 235 MT this financial year.
India had imported 154.56 MT of coal in April-November 2018, according to a report by mjunction services.
“On a progressive basis (April-November ’19) (provisional), total coal…imports were recorded at 161.43 MT, a 4.45 per cent increase against 154.56 MT imported for the same period last year (April-November ’18),” it said.
mjunction — a joint venture between Tata Steel and SAIL — is a B2B e-commerce company which also publishes research reports on coal and steel verticals.
Coal imports in November declined by marginal 0.8 per cent to 17.80 MT, against 17.95 MT in the same month last fiscal.
“The weak demand from the thermal power sector and an increase in seaborne prices, especially for the South African material, led to a slight drop in volumes during the month. With domestic production set to rise in the fourth quarter (January-March), import demand is expected to be subdued in coming months,” mjunction MD and CEO Vinaya Varma said.
Recently, a top official at the coal ministry had said the coal position in the country was very comfortable.
The country produced 730.35 MT of coal in FY’19, while the imports were 235.24 MT.
India’s coal imports stood at 208.2 MT in 2017-18 and 190.95 MT in 2016-17.
Source: PTI
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Wednesday, 04 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
Dry bulk freight rates rebounded last week, a development that came as a relief following the recent negative sentiment that prevailed in the marke ...
Wednesday, 04 December 19
INDONESIA REVIEWING RULES MANDATING COAL SALES TO LOCAL BUYERS: OFFICIAL - REUTERS
Indonesia is reviewing rules that require coal miners to sell a portion of their coal to local buyers, a government official said on Monday, as sup ...
Tuesday, 03 December 19
STABILITY AND COMPATIBILITY OF VERY LOW SULPHUR FUEL OILS - GARD
In order to meet increasing restrictions on the sulphur content in marine fuel as defined by MARPOL Annex VI Regulation 14.1.3, the characteristics ...
Monday, 02 December 19
COAL PRODUCTION IN INDIA UP BY 164.58 MT IN 5 YEARS - BUSINESS LINE
Raw coal production in the country has increased from 567.77 million tons (MT) in 2013-14 to 730.35 MT in 2018-19, Union Coal and Parliamentary Aff ...
Monday, 02 December 19
OPEC PREPS FOR OIL'S 2020 BALANCING ACT - WOOD MACKENZIE
What steps should OPEC and its non-OPEC partners take to keep the market in balance in 2020? Ahead of OPEC’s meeting in Vienna on 5 and 6 Dec ...
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