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Thursday, 31 March 22
IMPORTED COAL PRICES TO JUMP 55% IN APR-JUN, IMPACT INDIAN FIRMS: ICRA - LIVEMINT
Supply disruption owing to the Russia-Ukraine conflict could push the price of imported coal by 45-55% in Q1FY23 compared to the previous quarter, ICRA said on Monday, cautioning that coal prices are expected to stay elevated throughout the next financial year.
The sharp price rise assumes special significance as India’s coal stocks in the run-up to the peak summer months, as per the rating agency, remain quite low. Coal stocks this month in Coal India’s pitheads and thermal power generation stations at 74 mt was nearly half of what it had last year (128 mt).
“Prices of imported coal are poised to spike by 45-55% Q-o-Q in Q1 FY2023 as markets face supply disruption following the Russia-Ukraine conflict. Russia remains a key supplier of coal in the seaborne market, accounting for 17% and 10% of the international trade in thermal coal and coking coal respectively,” ICRA said in a report.
Besides, ICRA estimates that India’s domestic coal demand is expected to grow by a modest 5-6% in FY2023 owing to gradual recovery in economic activity.
The rating agency said that the price rise could “severely” impact domestic users of imported coal. A growing number of Western power utilities are also looking to voluntarily place an embargo on Russian coal supplies, which is leading to disruptions in the normal coal trade flows, ICRA said.
The report also said that there is a possibility of the prevailing abnormally high international coal prices moderating as the seaborne market could gradually readjust to the new trade channels following the imposition of sanctions on Russia.
On Sunday, the Union Minister for Steel Ramchandra Prasad Singh said that India is leaning towards continuing to import coking coal from Russia.
Source: Livemint
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Thursday, 13 October 22
OPEC DOWNGRADES CRUDE OIL DEMAND, AS WORLD ECONOMY ENTERS SLOWDOWN
Crude Oil Price Movements
The OPEC Reference Basket (ORB) declined m-o-m by $6.58 in September, or 6.5%, to average $95.32/b. Pressure from equ ...
Wednesday, 12 October 22
MARKET INSIGHT - INTERMODAL
Sale and Purchase activity during the first three quarters of 2022 has been remarkable.
Focusing only on Tankers and Bulkers, such v ...
Monday, 10 October 22
ENERGY TRANSITION BOOSTS GLOBAL LONG-TERM DEMAND FOR METALS - FITCH RATINGS
The energy transition will significantly increase demand for metals used in manufacturing of electric vehicles (EVs) and renewable power generation ...
Monday, 10 October 22
GLOBAL CEOS EXPECT IMPENDING RECESSION TO BE 'SHORT AND SHARP,' POLL SHOWS - CNBC
Global CEOs are anticipating a recession in the next 12 months, according to a new survey by professional services firm KPMG, which said more than ...
Thursday, 06 October 22
AUSTRALIA’S RESOURCES REVENUE TO HIT RECORD AMID UKRAINE CONFLICT - REUTERS
Australian resources and energy export earnings are forecast to jump 7% to a record A$450 billion ($290 billion) this fiscal year, bolstered by soa ...
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- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Australian Coal Association
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- White Energy Company Limited
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
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