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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, 01 December 21
SUPPLY OF COAL TO POWER PLANTS IN NOV MORE THAN CONSUMPTION: JOSHI - PTI
The supply of coal to power plants in November is more than the consumption, resulting in rise in stock of dry fuel at power plants, and this trend ...
Wednesday, 01 December 21
MARKET INSIGHT - INTERMODAL
Essentially, anyone involved in the shipping and commodity markets still struggle with commodity supply issues and skyrocketing prices in the conte ...
Tuesday, 30 November 21
CHINA'S TOP ECONOMIC PLANNER SUMMONS COAL PRODUCERS; LONG-TERM PRICING MECHANISM IS ADVISED - GLOBAL TIMES
China’s top economic planner the National Development and Reform Commission (NDRC) said on Monday that they summoned coal producers for a hea ...
Tuesday, 30 November 21
CHINA'S COAL PRICES PLUNGE AFTER GOVT SIGNALS MORE PRICE REGULATION - REUTERS
China’s thermal coal futures dropped 5.6% on Monday after the state economic planner signaled further regulations for prices of the dirty pow ...
Friday, 26 November 21
AS COAL MARKET STABILIZES, CHINA STEPS UP NATURAL GAS SUPPLY TO MEET WINTER DEMAND - GLOBAL TIMES
The daily supply of natural gas in China has exceeded 1 billion cubic meters (bcm) since November began, up 11 percent year-on-year, data from stat ...
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- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Economic Council, Georgia
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- The University of Queensland
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
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