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Saturday, 27 March 10
CHINA TO REMAIN NET COAL IMPORTER IN NEAR FUTURE - STEEL GURU
Xinhua News cited Mr Wu Chenghou a councilor with the China Coal Transportation and Marketing Association as saying that China will remain a net coal importer in the near future, but imports are expected to shrink from the previous year.
Mr Wu predicted that China's annual energy demand would reach about 5 billion tonnes of standard coal and raw coal demand would hit 4.53 billion tonnes by 2020. As domestic coal resources are not sufficient to meet the demand, China needs to import coal from the foreign market.
Mr Fan Liya from Shanxi Coking Coal Group said that China coal supply will be short in the Q1 driving up coal prices in the same period. The second and third quarters will see balanced supply and demand, as China's major coal producer Shanxi province is completing the coal resource integration and new capacities will be put into production in the second half of the year. Coal prices will likely fall slightly during the two quarters. Generally, prices during the year will remain stable with slight rise. Specifically, steam coal prices will stay high but fluctuate largely, while coking coal prices will fluctuate slightly at a high level.
Mr Fan expected China coal output to exceed 3.3 billion tonnes in 2010, up over 10%YoY. The annual coal imports are estimated to surpass 80 million tonnes, lower than that in 2009, while exports will likely reach 30 million tonnes.
Mr Wang Junwei manager of Sinomet International Corporation Mines Department echoed that China's coking coal imports would remain high in 2010, but lower than last year.
Source: iStockAnalyst / Steel Guru
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Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
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- Billiton Holdings Pty Ltd - Australia
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- Directorate General of MIneral and Coal - Indonesia
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- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
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- Bukit Makmur.PT - Indonesia
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- SN Aboitiz Power Inc, Philippines
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- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Planning Commission, India
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- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
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- Commonwealth Bank - Australia
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- Bhatia International Limited - India
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- White Energy Company Limited
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- Minerals Council of Australia
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- Meralco Power Generation, Philippines
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- Interocean Group of Companies - India
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- The University of Queensland
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- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
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- Gujarat Mineral Development Corp Ltd - India
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- GAC Shipping (India) Pvt Ltd
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- New Zealand Coal & Carbon
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- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
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- The State Trading Corporation of India Ltd
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- Karbindo Abesyapradhi - Indoneisa
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- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
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- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
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- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
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- PetroVietnam Power Coal Import and Supply Company
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- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
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- Attock Cement Pakistan Limited
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- Global Business Power Corporation, Philippines
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- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
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- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
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- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
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- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
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