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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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Saturday, 06 August 22
SUMITOMO Q1 PROFIT RISES 45% ON STRONGER PRICES OF COAL, NICKEL - REUTERS
Japanese trading house Sumitomo Corp 8053.T said on Wednesday its net profit for the April-June quarter rose 45% to a record thanks to higher price ...
Saturday, 06 August 22
GERMANY'S ENERGY U-TURN: COAL INSTEAD OF GAS - DEUTSCHE WELLE
Berlin has realized it will never again import as much energy from Russia as before the Ukraine war. So the challenge is to wean Germany off its de ...
Saturday, 30 July 22
NUANCES OF FORCE MAJEURE CLAUSE - BALTIC EXCHANGE
Knowledge to Elevate
In NKD Maritime Limited v. Bart Maritime (No 2) Inc (Shagang Giant) [2022] EWHC 1615 (Comm), Bart Maritime (No 2) Inc (th ...
Saturday, 30 July 22
AEMO URGES QUICKER SHIFT TO RENEWABLES AMID COAL FAILURES AND SOARING FOSSIL FUEL COSTS
The Australian Energy Market Operator has called for an accelerated shift to wind and solar, backed up by batteries and other storage, as a devasta ...
Friday, 29 July 22
GLENCORE TO SUPPLY COAL TO NIPPON STEEL AT $375 PER TON - BLOOMBERG
Glencore Plc, agreed to supply coal to Nippon Steel at one of the highest prices ever paid by the Japan Bloomberg reported on July 27.
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- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Australian Coal Association
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
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