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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, 19 February 19
FAST DEPLETING COAL RESERVES COULD PUSH UP ENERGY PRICES, CAUTIONS EXPERT - THE HINDU BUSINESS LINE
The fast depletion of coal, a strategic resource and India’s fuel of choice currently, has huge implications for energy costs, according to K ...
Monday, 18 February 19
INDIA'S COAL IMPORT FALLS TO 17.25 MT IN JANUARY - PTI
Coal imports saw a decline in January FY 2019 to 17.25 MT from 19.59 MT in the same month of the previous fiscal, according to a report by mjunctio ...
Monday, 18 February 19
THE ROLE OF COAL IN INDIA'S ENERGY AMBITIONS - WCA
India is the world’s second most populous country and figures among the world’s most rapidly growing economies.
The Sout ...
Saturday, 16 February 19
COALTRANS CHINA 2019, CHINA'S LARGEST COAL INDUSTRY GATHERING
Press Release: Coaltrans China 2019 | With the import ban likely to be lifted, it’s time for you to meet your potentia ...
Wednesday, 13 February 19
MALAYSIA WAS THE REGION'S LARGEST COAL IMPORTER WITH 34 MT IN 2018, UP 25% Y-O-Y
Although coal market in 2018 started with strong prices, starting in the beginning of the second half of 2018, the international spot prices for co ...
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- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
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