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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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Wednesday, 17 August 22
CHINA'S COAL-RICH SHANXI MAKES STRIDES IN HIGH-QUALITY DEVELOPMENT - XINHUA
Shanxi, a major coal-producing province in north China, has made continuous advances in high-quality development over the past decade, according to ...
Wednesday, 17 August 22
PAXOCEAN, HONG LAM MARINE AND BUREAU VERITAS SIGN MOU TO DEVELOP AMMONIA BUNKER VESSEL DESIGN - BUREAU VERITAS
PaxOcean Engineering Pte. Ltd. has signed a Memorandum of Understanding (MOU) with Singapore-based bunker vessel operator Hong Lam Marine and class ...
Wednesday, 17 August 22
GOODFUELSS ASIA-PACIFIC BRANCH KICKSTARTS SUSTAINABLE BIOFUEL DELIVERIES WITH NYK AS FIRST CLIENT - GOOD FUELS
GoodFuels, the leading biofuels pioneer for the global transport industry, has today announced that it has successfully supplied sustainable marine ...
Tuesday, 16 August 22
EU BAN ON RUSSIAN COAL IMPORTS COMES INTO FORCE - DEUTSCHE WELLE
The European Union banned Russian coal imports in response to the invasion of Ukraine as part of sanctions in April. Since then, it’s been sc ...
Thursday, 11 August 22
MARKET INSIGHT - INTERMODAL
On July 22nd, Ukraine signed a deal with Russia to release 22mn tons of grain from Ukraine’s 3 major ports (Yuzhny, Chornomorsk, Odesa). Such ...
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- Kobexindo Tractors - Indoneisa
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- Neyveli Lignite Corporation Ltd, - India
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- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
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- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
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- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
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