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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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Monday, 21 March 22
A FORCE MAJEURE TO BE RECKONED WITH - BALTIC EXCHANGE
Sanctions cause payment confusion
This dispute in MUR Shipping BV v. RTI Ltd [2022] EWHC 467 (Comm) related to an owner’s purported exercis ...
Monday, 21 March 22
CHINA'S COAL OUTPUT UP 10.3 PCT IN FIRST TWO MONTHS - XINHUA
China’s raw coal output posted fast growth in the first two months of 2022, while coal imports continued to shrink, official data showed.
...
Tuesday, 15 March 22
INDUSTRY VETERANS & ORGANIZATIONS HONOURED WITH THE PRESTIGIOUS SHIPTEK INTERNATIONAL AWARDS 2022
Press Release: The 15th edition of the prestigious ShipTek International Conference & Awards 2022 concluded successfully from March 7th - 8th 2 ...
Tuesday, 15 March 22
CHINA'S COAL OUTPUT GROWS TO STABILIZE MARKET SUPPLY - XINHUA
China’s coal market has seen growth in output since late February amid the country’s efforts to stabilize production and ensure supply, ...
Tuesday, 08 March 22
RUSSIA-UKRAINE CONFLICT ADDS IMPETUS TO ASIA'S ENERGY TRANSITION - IEEFA
Clean energy alternatives are a crucial hedge against future disruptions in global commodity markets
Russia’s invasion of Ukra ...
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- Deloitte Consulting - India
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- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
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- IHS Mccloskey Coal Group - USA
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- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
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- Georgia Ports Authority, United States
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- Indian Energy Exchange, India
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- Parliament of New Zealand
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- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
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- Sical Logistics Limited - India
- The University of Queensland
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
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- Bhatia International Limited - India
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- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
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- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
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- Electricity Authority, New Zealand
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- Renaissance Capital - South Africa
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- Mintek Dendrill Indonesia
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- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
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- Chamber of Mines of South Africa
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- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
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- Directorate Of Revenue Intelligence - India
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- Semirara Mining Corp, Philippines
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