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Wednesday, 02 September 20
COAL PRODUCTION FALLS 7% IN APR-AUG; OFF TAKE DIPS 13.4% - FINANCIAL EXPRESS
coal indiaIn the month of August coal off take also increased 9.3% y-o-y to 44.34 MT as compared with 40.57 MT in the same period last year.
 
Coal India (CIL), the world’s largest coal miner, on Tuesday reported around 7% year-on-year decline in its production to 195.54 million tonne during April to August as against 210.15 million tonne during the same period last year.
 
Coal off take also declined 13.4% y-o-y to 208.36 million tonne (MT) in the first five months of the current fiscal as compared with 204.65 MT in the corresponding period last fiscal, the state-run coal behemoth said in a stock exchange filing, Financial Express reported.
 
Financial Express furher said, the company’s production, however, rose 7.1% y-o-y to 37.17 MT in August, 2020 as against 34.70 MT in August, 2019. In the month of August coal off take also increased 9.3% y-o-y to 44.34 MT as compared with 40.57 MT in the same period last year.
 
“Coal India shrugging off the Covid-constricted growth and monsoonal downpour came back strongly in the month of August 2020 logging 9.3% growth in coal off take and 7.1% growth in coal output compared to August a year ago. For the first time in the ongoing fiscal, CIL has clocked growth in both the facets,” the company said in a release.
 
According to Financial Express, “The growth slowdown is contained and going forward in the ensuing months of the fiscal we endeavour to maintain our production and off-take tempo,” said a senior official of CIL.
 
Mahanadi Coalfields (MCL), a CIL subsidiary, recorded a 45.6% coal output growth despite having received 41% more rainfall in August, 2020 than a year ago month. Since the beginning of the monsoon from, June 1 till end August, 2020, MCL was beleaguered by 45% of increased rainfall compared to same period last year.


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Friday, 09 October 20
INDIA'S COAL IMPORTS IMPROVE SOMEWHAT, BUT RECOVERY IS UNEVEN - REUTERS
India’s coal imports, depressed by the impact of coronavirus this year, regained ground in September, but in an uneven uptick – shipmen ...


Thursday, 08 October 20
CHINA'S COAL IMPORTS FROM INDONESIA DECLINED 16.4% Y-O-Y, TO 80.2 MLN TONNES IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
China's coal imports boomed in 2019,  surprising many who had expected the government would clamp down strictly on shipments.   ...


Thursday, 08 October 20
GLIMMER OF LIGHT FOR COAL, BUT SHORT TERM - FNARENA
Is coal on the rebound? Demand appears stronger and supply reductions have underpinned a tightening market. Certainly, the Newcastle thermal coal p ...


Wednesday, 07 October 20
U.S. COAL PRODUCTION TO DECREASE BY 26 PERCENT IN 2020 COMPARED TO 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 525 million short tons (MMst), compared with 705 MMst in 2019, a 26% decrease. COVID-19 a ...


Wednesday, 07 October 20
MARKET INSIGHT - INTERMODAL
The challenges brought forward in 2020 proved to be very different from what we could have ever imagined. Together with placing a significant strai ...


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