Coal Market Snapshots

>> Reliance Power Limited is expected to halt operations of its 3,960 MW thermal power plant at Sasan in Madhya Pradesh towards the end of the current financial year as the cap set by government to mine 17 MnTPA of coal from its two coal blocks– Moher and Moher-Amlohri—will entail severe deficit of coal at the terminal days of FY18.

The company has told the Delhi High Court that if another 2 MnT is not allowed to mine, then it will be difficult for the company to service 14 discoms in seven states.

>> China had imported around 6.12 MnT of Coking Coal in Dec’17, according to the latest data released by the General Administration of Customs of China. The coal imports during the month were up 4.4% year-on-year, and also surpassed the imports in the previous month by 16.1%.

The rise in the imports during the month was due to the steel makers stocking the coal.

In 2017, Coking Coal imports in that country were up by around 17.1% at around 69.35 MnT year-on-year.

>> In 2018, 36 coal mines will be permanently shut-down in the coal-rich Shanxi region of China in continuation of the efforts of the Chinese Government to cut down coal production capacity on environmental concerns. The capacity cut will entail reduction of 23 MnTPA of capacity.

During the last two years, 45.9 MNT of coal capacity were reduced, closing 52 mines in the region to attain the objective of curbing atmospheric pollution.


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