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Friday, 14 August 09
INDONESIA COAL-PRICES FALL TO $74, INDIA EYES SEPT CARGOES
.jpg) Reuters reported that, Prices of power-station coal from Australia fell to around $74 a tonne as demand eased, while Indian buyers started to look for Indonesia cargoes for delivery in September, traders said. Thermal coal prices on the globalCOAL Newcastle index, a benchmark for Asia, fell $1.57 from the week before to $74.45 a tonne on tepid demand from Asian buyers.
Indonesian bituminous coal of 6,100-6,300 kcal/kg air-dried basis (ADB) was offered at $58 a tonne, FOB mother vessel from South Kalimantan.
Indian buyers have made inquiries for cargoes in September, although demand for Indonesia high-quality coal generally eased, with bigger producers well covered on orders.
"Indian buyers were waiting for some supply orders from the government's tender. Also, there is weather problem too but things will be resolved around October," a regional trader said, referring to the monsoon season which normally runs until September.
Indian state trading entity MMTC, which buys for the majority of state power plants, has put a recent 12.5 million tonne tender on hold and may re-tender after a complaint from a trader.
A 15,000-tonne parcel of Australian coal was traded at $74 a tonne on Tuesday.
* INDONESIAN SUB-BITUMINOUS COAL
Indonesian sub-bituminous coal of 5,100-5,300 kcal/kg ADB was offered at around $36 a tonne, FOB mother vessel from Kalimantan.
Few Chinese buyers were in the market due to ample stocks after they had bought more coal in the first half of this year, an Indonesian dealer said.
But Indian buyers have started looking for cargoes of sub-bituminous coal for delivery in the fourth quarter of this year.
"We receive requests from many Indian traders asking for support letters because they want to participate in the government tenders," said an Indonesian dealer.
"They are looking for shipments in September to end of the year," he said.
Indian demand for Indonesian coal had been slow in the past weeks as buyers prefered cheaper South African cargoes.
In the domestic market, paper and cement firms were in the market for cargoes, although power plants were still struggling to reduce excess stockpiles by asking suppliers to reduce shipment volumes. (Reporting by Fitri Wulandari, Editing by Michael Urquhart)
Source: Reuters
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Monday, 31 October 22
U.S. COAL-FIRED GENERATION DECLINING AFTER BRIEF RISE LAST YEAR - EIA
We expect 6% less U.S. coal-fired generation in 2022 than in 2021, according to our latest Short-Term Energy Outlook (STEO). Although coal-fired ge ...
Monday, 31 October 22
CHINA COAL OUTPUT UP 12.3 PCT IN SEPTEMBER - XINHUA
China’s raw coal output posted stable expansion in September, official data showed.
The country produced 390 million tonnes of ...
Wednesday, 26 October 22
BIMCO PUBLISHES UPDATED GENCON CONTRACT
BIMCO has published a revised and updated version GENCON 2022 – one of its flagship contracts within its portfolio of standard contracts for ...
Monday, 24 October 22
KOSPO TO INVITE 400,000 MT OF COAL FOR 3 YEARS
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an international tender for 400,000 MT of 3,800 - 4,400kcal/kg NCV and Sulfur Max 0 ...
Wednesday, 19 October 22
ASIA COULD BE A BRIGHT SPOT AMID GLOBAL DOWNTURN NEXT YEAR, ECONOMISTS SAY - CNBC
Asia — especially Southeast Asia — remains a bright spot, even as the global economy looks set to head into recession next year, econom ...
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- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
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- Standard Chartered Bank - UAE
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- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
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- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
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- Interocean Group of Companies - India
- Thiess Contractors Indonesia
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- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
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- TNB Fuel Sdn Bhd - Malaysia
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- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Australian Coal Association
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- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
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- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
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- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
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- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
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- Kaltim Prima Coal - Indonesia
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- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Minerals Council of Australia
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- Deloitte Consulting - India
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- The University of Queensland
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- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
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- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
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- Romanian Commodities Exchange
- Economic Council, Georgia
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- Chamber of Mines of South Africa
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Petrochimia International Co. Ltd.- Taiwan
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