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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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Monday, 25 May 20
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
Non-OPEC oil supply continued to increase by 2.0 mb/d in 2019, driven by US shale production, which rose by 1.7 mb/d, amounting to 84% of total non ...
Sunday, 24 May 20
A 63,000 FIXED DELIVERY VIETNAM TRIP VIA INDONESIA REDELIVERY KOSICHANG AT $8,500 - BALTIC BRIEFING
Capesize
After a week of bounce momentum the market appears to have stalled out once again. The Capesize 5TC has more than doubled since last F ...
Saturday, 23 May 20
COLOMBIA COAL OUTPUT DOWN 7.2% IN Q1 ON LOW PRICES, CORONAVIRUS LOCKDOWN - REUTERS
Coal production in Colombia, the world’s fifth-largest coal exporter, fell 7.2% in the first quarter because of low prices and coronavirus qu ...
Saturday, 23 May 20
EWP INVITES BIDS FOR 840,000 METRIC TONS OF MIN 5700 NAR COAL
COALspot.com: South Korea’s Korea East-West Power Co. Ltd (EWP) has Issued an International Tender for total Max 840,000 Metric Tons of min 5 ...
Thursday, 21 May 20
KOMIPO INVITED BIDS FOR TOTAL 610000 MT OF LCV AND HCV COAL FOR 2H 2020
COALspot.com: South Korea’s Korea Midland Power Co. Ltd. (KOMIPO) has Issued an International Tender for 130,000 mt of 5700 NCV coal an ...
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- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
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