>> Thermal Coal prices are expected to remain strong in 2018, mainly due to the expected strong consumption in China. According to the expert opinions, China is likely to remain as a strong importer amid tighter domestic supply.
Strict environmental control policies in China along with safety policies have led to coal production capacity cuts which tightened supply. On the other hand, demand for the coal is on the rise due to the strong consumption by the power sector.
>>With the Indian Government moving ahead with its plan for introducing commercial coal mining in the country, the Centre of Indian Trade Unions has opposed the move; citing allowing private miners to operate will weaken both Coal India Limited (CIL) and Singareni Collieries Company Limited (SCCL). Moreover, the trade union body also said that commercial coal mining is a precursor to the eventual privatization of both CIL and SCCL. The body also extended its support to the call of the All India Coal Workers’ Federation for organizing protest demonstrations at coal mines of both CIL and SCCL in the next few days.
>>Despite the assurances of the government, coal supplies to the coal-fired power plants in India are inadequate. According to the available official data, 46 Thermal Power Plants in the country are with coal stocks, which will be consumed within less than a week.
Leave a Reply