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Tuesday, 09 June 20
INDIA: COAL IMPORT DROPS BY 20% TO NEARLY 19 MILLION TONNES IN MAY, SAYS REPORT - HINDUSTAN TIMES
The country’s coal import dropped by 20 per cent to 18.93 million tonnes (MT) last month, industry data showed.
The government is planning to bring the country’s ‘avoidable coal imports’ to zero by 2023-24. Demand for coal import is expected to remain subdued in the short-term given the high coal stock levels in pithead and power plants, according to mjunction.
The coal import in May last year stood at 23.57 MT, it said. mjunction — a joint venture between Tata Steel and SAIL — is a B2B e-commerce company that also publishes research reports on coal and steel verticals. However, coal import during last month through the major and non-major ports is estimated to have increased by 10.76 per cent over April 2020, according to a provisional compilation by mjunction services limited, based on monitoring of vessels’ positions and data received from shipping companies.
“The slight uptick in May imports over the previous month might have resulted from the partial re-start of operations in some sectors as well as the continued softness in coal prices in the international markets. “However, given the high coal stock levels in pithead and power plants, we expect import demand to remain subdued in the short-term,” mjunction MD and CEO Vinaya Varma said.
Import of coal in May stood at 18.93 MT (provisional) as compared to 17.09 MT (revised) in April 2020, mjunction said. Of the total imports last month, the import of non-coking coal was at 13.22 MT, against 12.28 MT in April.
Coking coal imports were at 3.81 MT in May, up from 3.23 MT imported a month ago.
During April-May, total coal import was at 36.02 MT, registering a decline of 27.83 per cent from 49.90 MT imported during the same period of the previous year.
During April-May, non-coking coal imports stood at 25.50 MT, from 35.35 MT imported during April-May 2019.
Coking coal imports were at 7.04 MT during April-May, down from 8.77 MT earlier.
Coal India Ltd (CIL), which accounts for over 80 per cent of the domestic fuel output, has been mandated by the government to replace at least 100 MT of imports with domestically-produced coal in the ongoing fiscal.
The Centre had earlier asked power generating companies, including NTPC, Tata Power and Reliance Power, to reduce import of the dry fuel for blending purposes and replace it with domestic coal.
The power sector is a key coal consumer.
Prime Minister Narendra Modi had also given directions to target thermal coal import substitution, particularly when huge coal stock inventory is available in the country this year.
Coal Minister Pralhad Joshi had earlier written to state chief ministers asking them not to import coal and take domestic supply from CIL, which has the fuel in abundance.
The country’s coal imports increased marginally by 3.2 per cent to 242.97 MT in 2019-20.
Source: Hindustan Times
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Friday, 29 May 20
DRY BULK SHIPPING: NO QUICK RECOVERY FOR THE DRY BULK MARKET AS COVID-19 DIGS DEEPER
The outlook is poor for dry bulk, as the negative demand shock and overcapacity come together to send rates to multi-year lows, even a return to wo ...
Thursday, 28 May 20
COVID-19: A FORCE MAJEURE EVENT? - KYPRIANOU
KNOWLEDGE TO ELEVATE
While seeing the unexpected COVID-19 outbreak expanding worldwide and the first cases being identified in Cyprus, the com ...
Thursday, 28 May 20
OIL DEMAND RECOVERED BY 20% IN MAY AGAINST APRIL: RUSSIAN ENERGY MINISTER - TASS
Oil demand remains at a low level but the demand in May increased by 20% against April, Russian Energy Minister Alexander Novak said, cited by the ...
Thursday, 28 May 20
MARKET INSIGHT - INTERMODAL
Earlier in May, China’s top leaders convened for the annual National People's Congress, following over two months of delays due to the co ...
Wednesday, 27 May 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.94 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.03 points Monday, up 0.94 percent week on week.
The index, released by China ...
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- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
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- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
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- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
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- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
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- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
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- London Commodity Brokers - England
- PTC India Limited - India
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- Ministry of Mines - Canada
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
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- Wilmar Investment Holdings
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- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Central Electricity Authority - India
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- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
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- IHS Mccloskey Coal Group - USA
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- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
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- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
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- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
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- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
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- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- White Energy Company Limited
- MS Steel International - UAE
- Australian Coal Association
- Parliament of New Zealand
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- Medco Energi Mining Internasional
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- Ministry of Finance - Indonesia
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- Indian Oil Corporation Limited
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- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
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- Planning Commission, India
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- Minerals Council of Australia
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- Wood Mackenzie - Singapore
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- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
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- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- The University of Queensland
- Sindya Power Generating Company Private Ltd
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- Jaiprakash Power Ventures ltd
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- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
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- Kobexindo Tractors - Indoneisa
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- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
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- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
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