Coal Stock Slips to an all-time low of 30 Million Tonnes as Demand Rises

As states gear up for elections and several others rush to meet the Centre’s electrification deadline, power demand is touching a new record every day. Meanwhile, failing to catch up, coal supply has dipped to a record low. According to an industry source, stocks at the coal pithead and power plants have touched an all-time
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The Dalian price of steelmaking raw ingredient coke rose on Wednesday, marking it strongest day in nearly two weeks, on worries over tight supply amid anti-pollution measures in northwestern China. Linfen city in the coal-mining hub of Shanxi province may enforce production restrictions for heavy industry, including coke, steel, coal-fired power, casting, chemicals and building
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NEW DELHI: India’s coal import increased substantially by 35 per cent to 21.1 million tonnes (MT) in September, as against 15.61 million tonnes in the corresponding month previous fiscal. The rise in imports comes at a time when the captive power plants in the Country are grappling with the issue of coal shortages. “The increase
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China’s spiralling debt, a major concern for the slowing down of its economy, has risen to $2.58 trillion, a media report said Sunday. The country’s top legislative body has decided that the upper limit for local government debt this year should be 21 trillion yuan. China’s local government debt balance stood at 17.66 trillion yuan
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Prices for Chinese construction steel rebar rose on Wednesday and were on track for their best one-day performance in over a week, buoyed as the government said it would boost spending on infrastructure. The National Development and Reform Commission (NDRC), the top state planner in the country, said in a news briefing on Tuesday that
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Shanghai rebar steel futures edged higher on Monday after weekend data showed that China’s home prices accelerated in August at the quickest pace in almost two years, boding well for steel demand in the world’s top consumer. Signs of more and stricter production curbs in China this winter also helped buoy steel prices, but investors
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NEW DELHI: India’s share in the GDP of Asia and Pacific region has increased to 17.3 per cent in 2017 from 14.6 per cent in 2000, a ADB report said recently. As per the ADB’s report on ‘Key Indicators for Asia and the Pacific 2018’, the Asia and Pacific region accounts for more than two-fifths
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India’s export of coconut products increased to Rs 6,448 crore in value terms during the last four years as against Rs 3,975 crore in the previous ten years, the Agriculture Ministry revealed. A quantum leap in the export of coconut products is expected in the near future as the price of the products is increasingly
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MUMBAI: India’s coal import rose 11.9 per cent to 78.7 million tonnes in the first four months of the current fiscal. The Country had imported 70.3 million tonnes (MT) coal in April-July period of the last fiscal, mjunction services, a joint venture between Tata Steel and SAIL, has said. “Overall, coal and coke imports during
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Saudi Arabia will report August crude oil production of 10.424 million b/d, an OPEC source told S&P Global Platts on Friday. The figure represents a 136,000 b/d increase from July, when Saudi Arabia, OPEC’s largest producer and the world’s largest crude exporter, self-reported production of 10.288 million b/d. The kingdom supplied to market 10.467 million
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