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Thursday, 18 June 20
INDIA: GOVT'S PLAN TO CUT COAL IMPORT GOES FOR A TOSS AS FY20 BREAKS LOGISTICS CHAIN; LOCAL OUTPUT STAGNANT - FINANCIAL EXPRESS
Weak logistics support and disrupted supply chain towards the end of the last financial year 2019-20 hit the government’s plan to cut coal imports and boost domestic production. Despite having the world’s fourth-largest coal reserves in the country, India imported about one-fourth of its domestic coal requirements in the last fiscal, mainly due to shortfall in coal production and logistical constraints in evacuation infrastructure, said a report by Care Ratings. While coal production in India remained flat – rising marginally by 0.1 per cent in FY20, imports surged 3.3 per cent. Although Coal India has been mandated by the government to replace at least 100 million tonnes of substitutable imports with domestically-produced coal in the ongoing fiscal, the effect of the nationwide lockdown may keep India relying on imports in the current fiscal too.
Coal production remains gloomy in FY21 so far
Mining was classified as an essential industry and was allowed to operate through the lockdown
period; but despite being operational, the domestic coal output shrank 14.8 per cent in two months of April and May 2020 as steel and power demand fell up to 65 per cent, and labour force left for their hometown in the wake of the pandemic. Even after the lockdown measures were gradually eased in May, the demand for coal did not see any significant pickup. Many manufacturing companies were unable to restart operations due to shortage of labour and liquidity, and power plants were not very keen to lift coal due to muted demand and high inventories, causing the coal production to shrink, the report added.
High inventories, low demand put brakes on coal offtake
Inventories of coal at thermal power plants have sharply risen in the last three months and power utilities are now refraining from purchasing more coal. To avoid the risk of coal catching fire and pilferage due to high inventories at pit-heads, coal miners are likely to cut their production till the record stockpiles are brought down to mandated levels, Care Ratings said.
Meanwhile, the Narendra Modi-led government has recently allowed commercial mining of coal, putting an end to decades-long government’s monopoly on coal production. Commercial mining is aimed to introduce competition, transparency, and private sector participation through a revenue-sharing mechanism in the coal sector. Opening up of coal mining for the private sector is expected to boost domestic production in the medium-term although it will take some time for the country to reduce over-dependence on CIL for its coal requirements, the report added.
Source: Financial Express
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Wednesday, 24 June 20
MARKET INSIGHT - INTERMODAL
The World Bank estimates that the global economy will fall by 5.2% this year, underlining that the Covid-19 pandemic has had rapid and massive cons ...
Tuesday, 23 June 20
COVID-19 COULD CAUSE A BOOM IN COAL POWER - RYSTAD ENERGY | OILPRICE
COVID-19 has not only impacted the energy industry’s revenues but also its infrastructure development.
The delay of new natural gas ...
Tuesday, 23 June 20
CHINA'S COAL OUTPUT UP 0.9 PCT IN JANUARY-MAY: XINHUA
Output of raw coal in China rose 0.9 percent year on year to 1.47 billion tonnes in the first five months of this year, official data showed.
& ...
Monday, 22 June 20
KAMSARMAX TYPES REGULARLY HIT THE $9,000 PER DAY LEVEL FOR INDONESIAN COAL RUN TO CHINA, BALTIC BRIEFING SAYS
Capesize
The Capesize market trajectory this week has been one of the steepest rallies the sector has experienced. Opening at $12,410, the sect ...
Saturday, 20 June 20
WORLD OIL DEMAND IS PROJECTED TO DECREASE BY 9.1 MB/D IN 2020 - OPEC
Crude Oil Price Movements
Spot crude oil prices rebounded in May from low levels registered a month earlier, as physical market fundamentals im ...
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- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Economic Council, Georgia
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
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