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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, 04 October 22
INDONESIAN COAL PRICE REFERENCE SURGE AGAIN TO RECORD HIGH
COALspot.com: Indonesian Coal Price Reference reached another record high in October as Russia's war in Ukraine continues to spark a surge in c ...
Sunday, 02 October 22
MISC STRENGTHENS ITS PARTNERSHIP WITH SEARIVER MARITIME
MISC Berhad (MISC) today announced that its subsidiaries Polaris LNG Three Pte. Ltd. and Polaris LNG Four Pte. Ltd. have secured long-term time cha ...
Thursday, 29 September 22
MARKET INSIGHT - INTERMODAL
This week, focus turns to the 38th APPEC Conference, where leading professionals from the global oil industry will discuss the future key drivers o ...
Thursday, 29 September 22
HIGH COAL PRICES REMAIN A CONCERN FOR DOMESTIC NON-FERROUS METAL COMPANIES - ICRA
According to ICRA on Monday, the high price of coal will have a negative effect on the profitability of domestic non-ferrous metal companies that m ...
Tuesday, 27 September 22
14% INCREASE IN EUROPEAN COAL DEMAND TO BE SHORT-TERM TREND - WOOD MACKENZIE
European seaborne thermal coal demand is projected to increase 14% or 12 million metric tonnes (Mt) this year to 98 Mt as it grapples with the curr ...
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- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
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