Latest news with #CoaltransIndia
Zawya
11-02-2025
- Business
- Zawya
India's thermal coal imports seen falling for second straight year
India's thermal coal imports are expected to fall for the second straight year in 2025 due to decreasing dependence on coal for power generation, slowing economic activity and record high inventories, industry officials said this week. All six Indian and international coal traders Reuters spoke with at the Coaltrans India conference in New Delhi expected shipments of the fuel to decline this year. Three of the traders expected imports to plunge by around 10% to about 155 million metric tons. Two of them expected a fall of 1-2%, while another trader forecast a 7-8% decline. None of the traders wanted to be identified as they were not authorised to speak to the media. The tepid outlook for the world's second largest importer of the polluting fuel behind China comes as traders are worried about a global coal supply glut. Lower Indian appetite for imports could further pressure prices. India's imports of the power generating fuel declined about 2% to 173 million metric tons in 2024, data from consultancy Bigmint showed, due mainly to surging production by the world's largest coal miner Coal India, which pushed stockpiles at power plants to record highs. Higher production by Coal India has helped India slash dependence on imports by 5.5 percentage points over a decade to 20.5% in 2024, data from Indian coal trading firm I-Energy showed. The drop in imports were also driven by an increased demand for petroleum coke by the cement industry, as the price-sensitive market preferred the less expensive alternative, the data showed. "2025 is expected to see the cement sector prioritizing petcoke over thermal coal due to its competitive pricing," Vasudev Pamnani, director at I-Energy said in his presentation, adding that higher production by private miners also resulted in reduced buying by traders. (Reporting by NR Sethuraman and Sudarshan Varadhan; Editing by Kim Coghill)
Reuters
11-02-2025
- Business
- Reuters
India's thermal coal imports seen falling for second straight year
NEW DELHI, Feb 11 (Reuters) - India's thermal coal imports are expected to fall for the second straight year in 2025 due to decreasing dependence on coal for power generation, slowing economic activity and record high inventories, industry officials said this week. All six Indian and international coal traders Reuters spoke with at the Coaltrans India conference in New Delhi expected shipments of the fuel to decline this year. Three of the traders expected imports to plunge by around 10% to about 155 million metric tons. Two of them expected a fall of 1-2%, while another trader forecast a 7-8% decline. None of the traders wanted to be identified as they were not authorised to speak to the media. The tepid outlook for the world's second largest importer of the polluting fuel behind China comes as traders are worried about a global coal supply glut. Lower Indian appetite for imports could further pressure prices. India's imports of the power generating fuel declined about 2% to 173 million metric tons in 2024, data from consultancy Bigmint showed, due mainly to surging production by the world's largest coal miner Coal India ( opens new tab, which pushed stockpiles at power plants to record highs. Higher production by Coal India has helped India slash dependence on imports by 5.5 percentage points over a decade to 20.5% in 2024, data from Indian coal trading firm I-Energy showed. The drop in imports were also driven by an increased demand for petroleum coke by the cement industry, as the price-sensitive market preferred the less expensive alternative, the data showed. "2025 is expected to see the cement sector prioritizing petcoke over thermal coal due to its competitive pricing," Vasudev Pamnani, director at I-Energy said in his presentation, adding that higher production by private miners also resulted in reduced buying by traders. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
Yahoo
11-02-2025
- Business
- Yahoo
US coal exports to India expected to rise due to China tariffs
By Sethuraman N R and Sudarshan Varadhan NEW DELHI (Reuters) - The United States is expected to boost coal exports to India after China imposed tariffs on energy imports from the U.S., five industry officials said, potentially eroding Australia and Russia's market shares in the Indian market. China's Finance Ministry last week said it would impose levies of 15% on imports of U.S. coal, which the officials said could push U.S. miners to ship to India - the world's second-largest coal importer behind China. "Three U.S. cargoes that were supposed to go to China have landed in India and around 10 more cargoes are waiting. These are huge capesizes and that could further drag down prices," Vasudev Pamnani, director at India's I-Energy Natural Resources, said. "More U.S. coal imports could have an impact on Australia," Pamnani told the Coaltrans India conference on Monday. In volume terms, the U.S. accounts for a small part of Chinese imports of coal, but the value of coking coal shipments - used mainly by steelmakers - rose by nearly a third to $1.84 billion in 2024. Malcolm Roberts, chief marketing officer at the biggest U.S. coal miner Peabody Energy, said on a conference call with analysts last week that more U.S. coal could go to India and more Australian coal to China as a result of the tariffs. Australia was the dominant coking coal supplier to India in the last decade, accounting for about 80% of all such shipments. Its share dwindled to 62% in 2024, as supplies from the United States as well as Russia and Mozambique helped India to diversify. Australia could now regain some share in China - its main market where it made up over two-thirds of coking coal imports before China announced an unofficial ban on such imports in 2021. Mongolia and Russia are currently the biggest exporters of coking coal to China. The U.S. accounted for 9% of the coking coal market in China in 2024, while Australia made up 8% of all such imports, Chinese customs data shows. Sign in to access your portfolio
Reuters
11-02-2025
- Business
- Reuters
US coal exports to India expected to rise due to China tariffs
NEW DELHI, Feb 11 (Reuters) - The United States is expected to boost coal exports to India after China imposed tariffs on energy imports from the U.S., five industry officials said, potentially eroding Australia and Russia's market shares in the Indian market. China's Finance Ministry last week said it would impose levies of 15% on imports of U.S. coal, which the officials said could push U.S. miners to ship to India - the world's second-largest coal importer behind China. "Three U.S. cargoes that were supposed to go to China have landed in India and around 10 more cargoes are waiting. These are huge capesizes and that could further drag down prices," Vasudev Pamnani, director at India's I-Energy Natural Resources, said. "More U.S. coal imports could have an impact on Australia," Pamnani told the Coaltrans India conference on Monday. In volume terms, the U.S. accounts for a small part of Chinese imports of coal, but the value of coking coal shipments - used mainly by steelmakers - rose by nearly a third to $1.84 billion in 2024. Malcolm Roberts, chief marketing officer at the biggest U.S. coal miner Peabody Energy (BTU.N), opens new tab, said on a conference call with analysts last week that more U.S. coal could go to India and more Australian coal to China as a result of the tariffs. Australia was the dominant coking coal supplier to India in the last decade, accounting for about 80% of all such shipments. Its share dwindled to 62% in 2024, as supplies from the United States as well as Russia and Mozambique helped India to diversify. Australia could now regain some share in China - its main market where it made up over two-thirds of coking coal imports before China announced an unofficial ban on such imports in 2021. Mongolia and Russia are currently the biggest exporters of coking coal to China. The U.S. accounted for 9% of the coking coal market in China in 2024, while Australia made up 8% of all such imports, Chinese customs data shows.
