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Wednesday, 16 December 20
INDIAN COAL IMPORTS TO REMAIN SUBDUED - FITCH RATINGS
FitchFitch Rating commented on Indian Coal Imports, Fitch said, coal imports by Indian utilities fell by about 24% yoy to 44 million tonnes  (mt) in January-October 2020 due to a fall in power demand.

The revival  in economic activity has led to power demand growth since mid-September, supporting a small rise in coal imports since then. However, Fitch expects coal imports to remain subdued as the government is urging utilities to replace imported coal with domestically produced coal, and state-owned Coal India Limited is raising production. 
 
Fitch expects the PLFs for coal-fired power plants to improve gradually, tracking the economic recovery. However, we believe cost-competitive renewable energy will account for a larger portion of India’s electricity output in the long term and will continue to pressure PLFs of coal-fired power projects.

India’s central government also relaxed the coal-washing requirement of domestic miners supplying thermal  plants.  This should support demand for domestic coal, but will reduce imports when domestic production and logistical bottle necks are better managed in the long term.


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Recent News

Thursday, 17 December 20
CHINA'S BAN IS LESS OF A THREAT TO AUSTRALIA'S COAL INDUSTRY THAN INTERNATIONAL CLIMATE AMBITION - IEEFA
Australian coal exporters will survive this near-term political fight but there are longterm structural headwinds   The decision by Ch ...


Thursday, 17 December 20
BUMA SIGNED US$1.0 BILLION WORTH OF EXTENSION CONTRACT WITH BERAU COAL
PT Bukit Makmur Mandiri Utama, subsidiary of PT Delta Dunia Makmur Tbk., has extended its mining services contracts with PT Berau Coal, in relation ...


Wednesday, 16 December 20
INDONESIA 2020 COAL CONSUMPTION ESTIMATED AT 140-145 MLN TONNES - OFFICIAL, REUTERS REPORTED
Indonesia’s domestic coal consumption is estimated at 140-145 million tonnes this year, Dodik Ariyanto, an official at the energy ministry, t ...


Wednesday, 16 December 20
RUSSIA REVISES DOWN EXPORT EXPECTATION - FITCH
The  Ministry  of  Economy of Russia, the world’s third largest thermal coal exporting country, released its annual forecasts ...


Wednesday, 16 December 20
CHINA TO BOOST DOMESTIC SUPPLY - FITCH
China’s benchmark Qinhuangdao 5,500kcal/kg coal price rose above the government’s upper yellow interval of CNY600/tonne in early Octobe ...


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