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Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed, with electricity demand boosting imports as fuel use outpaced supply.
Inventories held by power plants fell by 12.6% to 20.58 million metric tons in the sharpest fortnightly decline since the second half of September 2021. Stocks fell to their lowest level since November 2021.
While India’s power demand typically peaks during May, unusually dry weather and an uptick in economic activity has boosted consumption this month.
Stockpiles fell as coal-fired power generation jumped 33% year on year – much faster than the 21.6% increase seen in September. Utilities faced a 20.4% increase in power demand and a 26.8% decline in hydropower output, data from the federal grid regulator showed.
India also ramped up coal-fired power output to make up for a seasonal decline in generation from renewable sources such as wind and solar, whose share in total output fell to 10.1% in the first half of this month from 12.1% in September, the data showed.
The demand surge was so steep that coal stockpiles at power plants fell despite state-run Coal India, the dominant miner, ramping up supplies to power plants by 6% year on year to 23.5 million tons between Oct 1 and Oct 15.
Higher coal-fired power generation is driving an increase in imports, with India-bound shipments of thermal coal set to increase to 19.35 million tons in October, the highest level since June 2022, data from analytics firm Kpler showed.
There was also a nearly three-fold surge in natural gas-fired power generation in the first half of October to 1,993 million kilowatt-hours (kWh), up from 700 million kWh a year earlier.
Stepped-up buying of seaborne thermal coal and liquefied natural gas by India could boost global benchmark prices, which have also benefited from Chinese demand in recent months.
“Steady coal prices and increased demand ahead of the festive season and after the monsoon are the main factors driving the Indian imports,” a Indian coal trader said.
The power demand spike also resulted in more outages in parts of the country. Average shortages jumped by 33.1% to 19.3 million kWh a day during the first half of October from 14.5 million units in September, the grid regulator data showed.
Power cuts reported by states to the regulator nearly halved during the first nine months of this year but have increased in recent weeks, the data showed.
Source: Reuters
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Friday, 25 November 22
APAC THERMAL COAL PRICES CORRECT FROM RECORD HIGH - FITCH RATINGS
Prices of Newcastle 6,000kcal/kg coal have corrected following falling European gas and coal prices, and more supply from Australia could help miti ...
Thursday, 24 November 22
VIETNAM BOOSTS COAL USE PLAN FOR 2030 AS G7 CLIMATE OFFER STALLS - REUTERS
Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables ...
Tuesday, 22 November 22
THE GENCON 2022 CHARTERPARTY - GARD
KNOWLEDGE TO ELEVATE
BIMCO has published a revamped version of the popular GENCON charterparty. Our author, Helena Biggs, was a member of the ...
Tuesday, 22 November 22
INDIA POWER BINGES ON COAL, OUTPACES ASIA - REUTERS
India’s coal-fired power output has increased much faster than any other country in the Asia Pacific since Russia’s invasion of Ukraine ...
Friday, 18 November 22
REALITIES OF LOI LIABILITIES - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
The cargo misdelivery claim in Trafigura Maritime Logistics Pte Ltd v. Clearlake Shipping Pte Ltd (Miracle Hope) [2022] E ...
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- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- London Commodity Brokers - England
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
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