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Tuesday, 25 August 20
INDIA'S IMPORTS FALL AS LOCKDOWNS IMPACT THE POWER AND INDUSTRIAL SECTORS - REPORT
India is the world’s second largest thermal coal consumer and importer, importing an estimated 211 million tonnes of thermal coal in 2019. The Indian government ordered a lockdown in late March, which was subsequently extended until the end of June, although only for key containment zones. India’s imports grew slightly year-on-year in the March quarter, but the lockdown saw imports fall in April as buyers deferred shipments from South Africa, Indonesia and Australia scheduled for the coming month, said Office of the Chief Economist’ of Australia in its Resources and Energy Quarterly June 2020 report in early July 2020.
The fall in India’s imports was the result of a sharp contraction in demand coupled with resilient domestic output. As India went into a COVID-related lockdown in March, power demand plunged as did demand for thermal coal in electricity generation. The lockdown also affected industrial thermal coal demand, especially in the sponge iron and cement production sectors. India’s sponge iron sector uses an estimated 25-30 million tonnes of imported thermal coal each year, largely from South Africa.
The report further noted, India’s domestic coal output initially withstood the impacts of COVID-19. Production from state-owned Coal India which accounts for about 80 per cent of India’s coal output reached a monthly record in March, as the miner sought to reach its production target for Indian fiscal year (April to March) 2019-20. Coal stocks at mines, industrial facilities, ports and power plants climbed to record highs in April. With excess supply mounting, the Indian government urged state-owned generation companies to use domestic coal ahead of imports. India’s Power Ministry issued a directive for power plants to cut their use of imported coal. India’s thermal coal imports are forecast to decline sharply by over 40 million tonnes to 167 million tonnes in 2020, due to the demand-side impacts of COVID-19.
According to Resources and Energy Quarterly June 2020 report, record high inventories will take some time to run down and will weigh on India’s thermal coal imports in the short term, and India’s domestic coal production has been resilient to the disruptive effects of the virus. Domestic mining operations have been allowed to continue throughout the lockdown and coal producers have been directed to proceed in accordance with their annual production targets. Stated-owned Coal India has a production target of 710 million tonnes in Indian fiscal year (April to March) 2020–21. India’s thermal coal imports are expected to recover gradually over the next two years to reach 185 million tonnes in 2022, as the country’s electricity demand picks up and industrial activity resumes. However, the bounce back is expected to be constrained by government targets and policy. In February 2020, India’s Minister for Coal and Mines announced India would aim to stop importing thermal coal from Indian fiscal year 2023-24 (instead relying on domestic production). While this has been a long-term goal for India and there are considerable barriers to its achievement, the announcement signals a renewed intent to reduce thermal coal imports.
The Indian government’s strategy to increase domestic production has several elements. The first is to boost production by state-owned companies, particularly Coal India. Coal India has a production target of 1 billion tonnes by Indian fiscal year 2023-24, , said Resources and Energy Quarterly June 2020 report of Office of the Chief Economist’ of Australia.
The second strategy is to increase production by the private sector. The Indian government has introduced a number of reforms to encourage private investment, including opening up the country’s coal sector to foreign direct investment and changing the rules governing coal mine auctions. While India will likely fall short of its production targets, government policy is nevertheless expected to propel Indian coal production higher over the next few years.
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Wednesday, 10 April 19
KOSPO INVITED BIDS FOR 160K MT OF MIN. 3700 NCV COAL FOR JUNE LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 160,000 MT of min. 3,800 Kcal/kg ~max.4,100 ...
Wednesday, 10 April 19
CHINA'S GROWING THERMAL COAL SUPPLY TO PRESSURE EXPORTERS - FITCH RATINGS
Growing Chinese thermal coal supply is likely to lead to further tightening of import controls by the government, putting pressure on seaborne coal ...
Wednesday, 10 April 19
SHIPPING MARKET INSIGHT - INTERMODAL
The tragedy in Brazil’s Vale Brumadinho where a tailings dam collapsed in January ranks among the world’s worst mining disasters. It co ...
Monday, 08 April 19
5TH INDIA NUCLEAR NEW BUILD CONGRESS 2019
5th India Nuclear New Build Congress 2019
The congress in Mumbai aims to bring together representatives from governments, regulators ...
Monday, 08 April 19
THERMAL COAL PRICES FALL, INDIAN POWER PLANTS TO SEE LIMITED GAINS - BUSINESS STANDARD
Thermal coal prices are on a downward spiral globally. Australian coal prices have fallen nearly 20 per cent in the past week, and 40 per cent from ...
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- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- The University of Queensland
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Australian Coal Association
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
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