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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, 04 May 20
U.S. ESTIMATED COAL PRODUCTION FALL 39.4% YEAR ON YEAR IN THE WEEK ENDED APRIL 25 - EIA
Estimated U.S. coal production totaled about 8.6 million short tons (MMst) For the week ended April 25, 2020, says EIA in its latest report.
E ...
Saturday, 02 May 20
SUPRAMAX: ASIA, STRONGER NUMBERS - A 55.000-DWT WAS FIXED FROM INDONESIA TO CHINA IN THE MID $6,000S - BALTIC BRIEFING
Capesize
A tepid week for the big ships, as macro concerns continued to weigh heavily on the index. All of the major voyage routes lost value, ...
Friday, 01 May 20
KOSPO INVITED OFFER FOR 5600 NCV COAL FOR Q3 2020 LOADING
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 260,000 Metric Tons (MT) steam coal for Boryeong Power ...
Friday, 01 May 20
GLOBAL COAL DEMAND TO FALL BY ABOUT 8% IN 2020,THE LARGEST DROP SINCE WORLD WAR II - IEA
We expect global coal demand to fall by about 8% in 2020, the largest drop since World War II, with coal use declining in virtually every sector of ...
Friday, 01 May 20
GLOBAL COAL DEMAND TO FALL BY 8% IN Q1 2020 RELATIVE TO Q1 2019 - IEA
We expect global coal demand to fall by 8% in Q1 2020 relative to Q1 2019. This significant drop was driven by lower demand in the electricity sect ...
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- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- The University of Queensland
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
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