SIGN UP

COMPANY INFORMATION
Company Name*
Website
Email ID
Phone
Company Address*
Company State*
Company City*
Pin Code*
 I agree to the Terms and Conditions.
captcha image
< BACK       

Indian govt projects sharp drop in thermal coal imports but analyst disagree

Share:            
news
Source: Pexels, May 30, 2019

India’s Power Ministry has estimated coal demand from domestic thermal power plants at 651-million tons in 2019/20.



State-miner Coal India Limited (CIL) has assured thermal power producers supply of 530-million tons during the financial year, while the balance of 121-million tons will need to be imported.



However, a section of the industry maintains that the coal import volume projection for the current year is “unrealistic”, considering that it represents an almost 50% reduction on the coal shipped in during the last financial year, which was recorded at 234-million tons.



The industry analysts say that even though coal supplies to thermal power plants by CIL, at 530-million tons, is about 8% higher than volumes supplied during 2018/19, import shipments are unlikely to rise by as much as 50%, factoring in rising demand for electricity and new thermal capacity expected to come on stream during the year.



In fact, the inward shipment of thermal coal so far at start of current financial year is showing little sign of reversing the rising curve, the analysts say. It was pointed out that during April, the first month of current financial year, Indian coal imports were estimated at 21-million tons, up 13.4% over the corresponding month of the previous year, indicating that such strong import volumes were unlikely to be reversed over the course of year.



However, despite the challenges, the Power Ministry is attempting to change coal blending practices of domestic thermal power companies to reduce import dependency.



In an advisory to all thermal power companies, the Power Ministry, in collaboration with CIL, have sought that power plants lower import volumes of high-grade import thermal coal as the domestic miner is willing to increase supplies of high gross calorific value (GCV) domestic coal to be blended with lower grade domestic coal as feedstock for thermal power plant boilers.



As a start, CIL has offered power plants in the southern Indian state of Tamil Nadu and big importers an additional 4.5-million tons of high GCV thermal coal to substitute imported coal for blending.



At the behest of the Power Ministry, CIL has also agreed to increase high GCV thermal coal volumes to be offered through e-auction to enable domestic power producers to reduce import shipments and use domestic coal for their blending needs.

News Source: Mining Weekly

Vietnam boosts Russian coal imports

Adani refuses to commit to size of 'scaled-down' C...

Indonesia sets May HBA thermal coal price at $81.8...

Adani Expects India Coal Imports to Surge to a Rec...

Adani expects India's coal imports to surge to a r...

Poland to hold talks on Prairie Mining coal projec...

Adani's coal project in Australia may take off as...

BHP sees early end for thermal coal, plugs in to e...

Column: Adani's coal hopes look increasingly isola...

India’s SCCL developing greenfield underground coa...

Two reported Central Appalachia thermal coal deals...

Regulators set date for Adani mine approvals

India’s coal import rises 13% in April 2019

ICI 4 thermal coal derivatives prices hold steady

Indian govt projects sharp drop in thermal coal im...

India to maintain its level of thermal coal import...

Destination of South32’s SA thermal coal assets ma...

China, India thermal coal imports hit multi-year h...

June ICI 4 coal contracts steady, physical trade m...

India to maintain its level of thermal coal import...

Germany’s interest in Russian coal rises

ICI 4 coal derivatives market begins to stabilise

Australia's standing in Pacific has plummeted beca...

Coal India to hire merchant bankers for acquiring...

UPDATE 1-China's May coal imports climb 8.6% from...

Polish coal unions to protest against planned dism...

China’s May coal imports climb 8.6% from month bef...

Vietnam's May coal imports rise 57% on year to 3.8...

Column: Coal price slump in Asia even as demand gr...

ICI 4 coal derivatives trade at higher price

Nippon Steel settles 2Q semi-soft coking coal at $...

Vietnam’s May coal imports rise 57% on year to 3.8...

China’s raw coal production up 3.5 pc in May

Myths and reality: Adani’s Australian coal mine to...

Coal producer Cambrian files for Ch. 11 as thermal...

China's benchmark power coal price remains flat

Bumi Resources expects to sell 42 million tons of...

China's Fuzhou port tightens coal import restricti...

China's import thermal coal market remains tense f...

China's May thermal coal import rises 35% on year...

Coal market faces 25mt overhang in 2019 – analyst

Noble Group sees lower coal prices for next few ye...

April-May thermal coal volumes at key Indian ports...

Canada, US gain as India cuts dependence on Austra...

April-May thermal coal volumes at key Indian ports...

Platts to launch European Blended Price thermal co...

Asia’s coal developers feeling left out by cold sh...

Japanese thermal coal buyers try out Newcastle HA...

Tighter Chinese coal import controls add to Guangx...

Built for a boom, Glencore gets banged up

Downside risk remains for coal in July amid oversu...

Australia sees gold overtaking thermal coal as exp...

Aussie trade surplus hits record $5.7bn

US May coal exports total 8.24 million mt, down 5....

Chinese thermal coal demand to fall with launch of...

Indonesia sets Jul HBA thermal coal price at $71.9...

Thailand boosts imports of Russian coal

Russia-Ukraine conflict sees coal deliveries drop...

Chinese thermal coal demand to fall with launch of...

China Learns an Iron Law of Markets

Questions raised after Australia coal mine deaths

BHP Is Latest Giant Miner to Plan Exit From Therma...

Colombian May thermal coal exports up 32.3%: DANE

BHP Is Latest Giant Miner to Plan Exit From Therma...

King coal rules in Japan as power utilities in thr...

Prices rise slightly for 3Q ICI 4 coal derivatives

Share: