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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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Saturday, 20 June 20
NO ESCAPING GLOBAL TRADE SLUMP - BALTIC EXCHANGE
Those hoping for a decent recovery in trade in the second half of the year should prepare for disappointment.
New data from the Unit ...
Friday, 19 June 20
INDIA'S COAL CONSUMPTION GROWTH IN 2019 SLOWEST SINCE 2001: BP STATS REVIEW - HINDU BUSINESS LINE
Growth in global energy markets slowed in 2019 in line with weaker economic growth, according to the bp Statistical Review of World Energy 2020. Th ...
Friday, 19 June 20
KOWEPO TO IMPORT 1,050,000 MT OF MIN 5300 NCV COAL FOR THREE YEARS
COALspot.com: Korera Western Power Co., Ltd. (KOWEPO) has issued an International tender for Total 1,050k MT Min.5,300 kcal/kg NCV coal for t ...
Thursday, 18 June 20
INDIA: THERMAL PLANTS TO OPERATE BELOW 53% CAPACITY IN FY21 AS POWER DEMAND DIPS - BUSINESS STANDARD
The Plant Load Factor (PLF) of thermal power stations across the country is projected to dip below 53 per cent in this fiscal. Muted power demand f ...
Wednesday, 17 June 20
MARKET INSIGHT - INTERMODAL
After experiencing record earnings during the first half of the year, the focus of headlines concerning the tanker market has shifted from the deve ...
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- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
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