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Indian Coal Market News and Analysis

India is the world’s fifth-largest coal producer but also the steam coal market’s largest buyer – accounting for 19% of global imports (169 MMT) in 2015. Indonesia, South Africa and Australia top the list of India’s thermal coal suppliers. With India’s government committed to the country’s complete electrification, the coal fleet will continue to grow strongly. IHS Markit predicts India will spearhead future Asian demand for steam coal with imports reaching 181 MMT by 2020 and steadily increasing through 2040. In addition, India imports a substantial amount of metallurgical coal from Australia and coking coal from China.

While India has ample domestic thermal coal supplies and its government has expressed a desire to end imports, continued reliance on thermal coal imports appears inevitable for the foreseeable future. First, the country’s planned shift to supercritical and ultra-supercritical power plants after 2017 favors continued dependency on high-quality coal imports needed to run those plants. Indian coal, which has high ash content and low calorific value, presents a challenge for efficient functioning of supercritical boilers. Second, India’s infrastructure for transporting coal from inland deposits to its two dozen coastal power stations remains poor. The share of India’s coastal-based power, which operates completely on imported coal, is expected to increase from the current 17% to 23% by 2030. Finally, state support of domestic coal production has historically been weak, and recent reforms have promoted port-to-rail connectivity, effectively paving the way for increased coal imports.

In the meantime, coal is likely to remain the mainstay of India’s power generation. Coal currently represents 60% of the country’s total power installed capacity, and some 77 GW of coal-based power projects are under construction and slated to come online between now and 2020.

You can find the latest Indian coal market data, news and insight through the IHS Indian Coal Report. Available through our APAC and African Coal Market News & Analysis service, the report provides:

  • Key price indices:
    • Indian CFR (5,500kc NAR) East and West Coast
    • India East Coast CFR (5,000kc/4,200kc) GAR
    • India West Coast CFR (5,000kc/4,200kc) GAR
  • Indian import and export statistics for metallurgical, steam and petcoke
  • Indian production and consumption data for metallurgical, steam and petcoke
  • Analysis of major producers, producing regions, transportation costs, infrastructure, policy
  • Analysis of the latest Indian coal market news: Briefs, tenders, stocks, contracts

Visit our APAC and African Coal Market News and Analysis service to see the latest report.

Experts

Jim Thompson

He is conversant on worldwide market trends, with a focus on the North American coal markets. Mr. Thompson provides expertise both in thermal coal for electricity production and metallurgical coal for use in the steelmaking process. He is widely quoted by leading financial newspapers and speaks at multiple, industry-related conferences. He has more than two decades of experience in providing analysis and insight on coal markets for coal producers and consumers, as well as for financial analysts and investors.​ Mr. Thompson co-founded Energy Publishing, which was acquired by IHS Markit in 2013, and is now part of IHS Markit. He graduated from Dallas Baptist University.​​

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Scott Dendy

He was instrumental in designing, developing and launching the McCloskey/Xinhua Infolink South China CFR 5,500kc marker as well as API8, API5 and API3 (in conjunction with Argus Media) for IHS Markit. He has overseen the rapid uptake in traded derivative volumes based against IHS Markit's McCloskey Indonesian Sub-bituminous FOB marker. His role demands a good understanding of trading, both in physical and derivative/futures markets, from how they work to how they are developed, launched and adopted. He is also the managing editor of International Nuclear Business from IHS Markit. Previously, Mr. Dendy was the editor of UK Powerfocus for The McCloskey Group, where he closely followed the UK's New Electricity Trading Agreements (NETA). He worked on a number of European power modeling projects for Power Ink Limited, where he also co-edited a quarterly UK power generation report for Financial Times Energy.  During the early 2000s, Mr. Dendy worked within the Power Development division of the international engineering consultancy Mott MacDonald. Before that, he worked at the energy purchasing consultancy John Hall Associates. He has more than 17 years of experience in covering energy-related traded markets. Mr. Dendy has a Master's Degree in History from the University of Leeds, United Kingdom.

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Bob Hodge

He leads a team of writers who report daily on the US coal industry, assessing coal prices, production, transportation and coal-fired power generation. He has more than a decade of years of experience in research and writing about both thermal and metallurgical coal markets in America, as well as legislative and regulatory issues that impact the coal industry. Mr. Hodge is a graduate of the University of Tennessee, Knoxville, Tennessee, US.

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