Introduction to Coal Industry in India 3
1. Demand-Supply dynamics 3
2. Pricing differential vs imported coal 7
3. Challenges faced by coal producers 8
4. Coal India's financial performance 10
5. Global valuations 10
Stock Performance 11
Indian Cement Industry Trends 12
Demand-Supply 12
Capacity Update 12
Cement Pricing 13
Cement Valuations 13
Indian Metal Industry Trends 14
Demand-Supply 14
Pricing – Base metals have rallied from Feb lows 15
Metal Valuations 16
Newsflow 18
Industry 18
Company 18
Links to Research 19
Appendix – Supply Demand Balances 21
Aluminium – Supply Demand Balance 22
Copper – Supply Demand Balance 23
Zinc – Supply Demand Balance 24
Iron Ore Supply Demand 25
Coking Coal – Supply Demand Balance 26
Thermal Coal – Supply Demand Balance 27
Appendix A-1 28
Analyst Certification 28