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Friday, 12 June 20
COAL INDIA LIMITED SET FOR MARKETING DRIVE TO CREATE DEMAND - FINANCIAL EXPRESS
State-run miner Coal India (CIL), which is primarily focused on supplying coal to the power sector, is now reorienting its marketing to create demand amid concerns over fall in despatches. The company is primarily tapping domestic coal based power plants and non power consumers which import coal.
CIL so long didn’t have to think of demand and meeting the power sector’s requirement was a challenge till recently. Even when the non power sector was starved of coal and had to lift the fuel, paying high premium above notified prices through e-auctions, CIL gave priority to the power sector for supplies. However, with the power sector piling up with 50 million tonne of stocks sufficient for 29 days of consumption, the mining behemoth will now have to focus on marketing and look into the factors that create demand.
A CIL official said the company so long has worked on the supplies side improving facilities to its customers like reduction in reserve prices of coal in auctions and liasoning with the Railways on behalf of the customers but never looked into the mechanism of creating demand. Demand is based on many factors like logistics, freighter movement, fluctuation in international prices, affecting landed cost most importantly the liquidity condition of the consumer. CIL will now have to take into considerations these factors too.
To find the avenues for expanding its supplies, CIL is now focusing on non power sector consumers like sponge iron, cement, fertiliser, captive power plants, and steel, persuading them to replace their imported coal with domestic coal. “Dialogue is on with customers who opted for import substitution in FY20. Until demands picks from the non power sector supplies will be low key,” a CIL official said.
CIL has also developed a portal in which consumers can register the details of their demand for domestic coal towards import substitution and secure allocation of the fuel. CIL has flagged for government’s consideration the case for lower or discounted railway tariff for transportation of quantities of domestic coal booked by consumers which will facilitate import substitution.
Although the company feels the move would result in curtailing forex outgo arising out of coal imports and help CIL expand its supply volumes, CIL continues to be beset with tepid demand for coal with most of the customers shying away from lifting adequate quantities. Power sector, which makes up close to 80% of CIL’s total supplies, is brimming over with nearly 50 million tonne (MT) of coal sufficient for 29 days of consumption ending May 2020. Already many plants have started restricting supplies from CIL further shrinking the despatches of coal companies. For the month of May 2020, power sector at 30.15 MT, lifted only around 75% of coal, from CIL, compared to what it did same month a year ago, resulting in a 10.23 MT slide in supplies. During May 2019, power utilities lifted 40.38 MT of coal.
Meanwhile, the Center has mulled creating a coal exchange in the lines of commodity exchange with a view to open the sector to market forces with the government allowing commercial mining. The coal ministry is likely to begin auctioning of around 50 coal blocks for commercial mining on June 11. The government plans to get ready with the coal exchange with the commercial miners getting ready for production. All the coal produced in the country, including CIL’s will be traded through the exchange online and market forces will determine pricing of coal in a transparent manner.
CIL officials said this form of coal, trading would mean end of the regime of fuel supply agreement (FSA) and coal will be thrown open to the markets. In view of that, CIL, though would continue to remain a lead player, would need to transform itself to a market driven company, for which it is reorienting it marketing to work on creating demand. With the coal sector thrown open to the market, every consumer be it the power or non power sector, will have a level playing field.
Source: Financial Express
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Tuesday, 16 June 20
SHALE SHOCKED - WOOD MACKENZIE
Capturing shut-ins in real time
Oil markets are searching for balance as the world reflects on the impact of the COVID-19 pandemic. ...
Sunday, 14 June 20
INDONESIAN COAL WAS STILL IN DEMAND; A 52,000-DWT SUPRAMAX FIXING DELIVERY CJK FOR A ROUND VOYAGE VIA INDONESIA AT $6,250 - BALTIC BRIEFING
Capesize
The Capesize market made new highs for the year this week after strong iron ore demand to the far east continued to develop in the mar ...
Friday, 12 June 20
CHINA CURBS COAL IMPORTS AFTER 5 MONTHS OF RECORD INFLOWS - SOURCES: REUTERS
China has stepped up customs checks for coal imports, leading to lengthy processing delays at ports, four sources familiar with the matter said, as ...
Friday, 12 June 20
MOODY'S REVISES BRENT OIL PRICE OUTLOOK TO $35/BARREL IN 2020 - TASS
Low oil prices are likely to exert the highest pressure on Iraq, Oman and Kuwait due to the limited space for the fiscal policy pursuit and higher ...
Thursday, 11 June 20
JAN-MAY, INDONESIA SHIPPED 175.15 MILLION TONS OF COAL TO ITS OVERSEAS BUYERS
Indonesia's coal production for the first 5 months of this year have reached 228 million tons. January – May 2020, Indonesia shipped US$ ...
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- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- The University of Queensland
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
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