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Monday, 06 April 20
INDIA'S 21-DAY LOCKDOWN - IMPACT ON COMMODITIES? - WOOD MACKENZIE
 India is under a three-week lockdown from 25 March, to contain the spread of the coronavirus outbreak. Wood Mackenzie analysts discuss what this means for the power, coal, gas and LNG, and oil products sectors.
Impact on power and coal demand
Principal analyst Pralabh Bhargava said: “India’s power demand has declined on average 30% year-on-year (yoy) and 25% week-on-week basis on 28 March. Demand from the industrial and commercial sectors are already falling. Load shape is moving to residential from industrial due to teleworking and home-schooling. We expect an average overall power demand decline of 35% until 14 April and a progressive recovery thereafter.
“Coal stocks at power plants and mines reached record highs of 40 million tonnes (Mt) and 60 Mt by 25 March, and many are already rejecting shipments from Coal India. This situation is due to lower thermal coal demand over the last 15 days and robust production in recent months.
“Movement of imported coal will be restricted due to constraints at ports and infrastructure. We expect the Force Majeure announced by port operators to have a limited impact on coal imports, as it is considered an ‘essential’ service.”
Impact on gas and LNG
Senior analyst Vidur Singhal said: “The transport and industrial sectors have been impacted. The average daily gas consumption across sectors stood at around 151 mmcm/d (million cubic metres per day) in 2019. We expect about 18-20% reduction in daily gas demand post lockdown. Also, demand from refineries and fertiliser plants, and anchor gas customers, have reduced in line with their utilisation rates with significant downside risk if the lockdown is extended.
“Gas aggregators are in a tight spot. LNG buyers declared Force Majeure once port operations stopped. Regas terminals were oversupplied heading into the lockdown as all major buyers procured low-priced spot volumes in advance. Even long-term LNG volumes are at risk as demand shrinks.”
Impact on oil products demand and refining
Research analyst Qiaoling Chen said: “We estimate that gasoline, jet fuel, and diesel demand will be down by 25%, 33%, and 13% yoy respectively in the second quarter while fuel oil, refinery gas demand will decline by 8%, 20% respectively at the same time.
“Overall, total demand is expected to decline by 871,000 barrels per day (b/d) (-17%) yoy in April. The negative impact is likely to last through Q2 2020 with most oil products returning to normal growth in the third quarter of this year except for jet fuel demand, which is expected to return to normal growth only in the first quarter of next year.”
On refining, research analyst Kendrick Ng said: “Refiners are reducing runs in response to lower oil products demand and weakness in refining margins. We estimate that the country will process about 800,000 b/d less crude in April, month-on-month basis, resulting in about 17% decline in the utilisation rate.
“Indian PSUs (public sector undertaking) are expected to be hurt the most amid tepid domestic demand, high storage level and lesser access to export markets, especially inland refineries.”
Source: Wood Mackenzie
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Tuesday, 07 April 20
IS CHINA EMBARKING ON A MAJOR EXPANSION OF COAL-FIRED POWER GENERATION? - WOOD MACKENZIE
As energy companies worldwide grapple with the economic impact of the coronavirus pandemic, long-term planning continues. Ahead of the release of t ...
Tuesday, 07 April 20
COAL INDIA'S DISPATCHES DROP, OUTPUT INCREASES - THE HINDU
India’s largest coal producer Coal India Ltd. (CIL) has seen a 10% fall in dispatches in March 2020 due to a sharp fall in demand from the po ...
Tuesday, 07 April 20
CORONAVIRUS AND LOCKDOWNS DRAG DOWN THE INDONESIAN COAL PRICE REFERENCE IN APRIL
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of the Indonesian ther ...
Monday, 06 April 20
A 52,000DWT SHIP FIXING DELIVERY SINGAPORE TRIP, VIA INDONESIA, REDELIVERY TAIWAN, AT $3,100 - BALTIC BRIEFING
Capesize
The Capesize market this past week looks to have come off life support and found some improved sentiment. The week began rather ordina ...
Friday, 03 April 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
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Showing 1026 to 1030 news of total 6871 |
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- Antam Resourcindo - Indonesia
- Planning Commission, India
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
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