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Tuesday, 30 March 10
CHINA'S DROUGHT RAISES COAL PRICES, LOWERS HYDROPOWER
Bloomberg reported that, Benchmark coal prices at Qinhuangdao, China’s largest port handling the fuel, rose for the first time in 10 weeks after a drought in the south cut hydropower generation and raised demand from coal-fired plants. Prices for coal with an energy value of 5,500 kilocalories per kilogram rose 0.74 percent to between 675 yuan ($99) and 685 yuan a metric ton as of today compared with a week earlier, data from the China Coal Transport & Distribution Association showed. That’s the first increase since January 11.
The months-long dry spell in southwest China has affected 61.3 million residents and 5 million hectares of crops in the area, according to Xinhua News Agency. The drop in hydropower also caused less electricity transmission from the west to the eastern regions and led to higher output from coal-fired plants along the coast, the association said in a separate report.
Coal-fired power stations may need an additional 35 million tons of the fuel to compensate for a 15 percent drop in capacity utilization of hydropower, Dave Dai, a Hong Kong-based analyst at CLSA Research Ltd., said in a report e-mailed on March 26.
China Shenhua Energy Co., the nation’s largest coal producer, led gains today among shares of Chinese producers of the fuel on expectations the drought will raise demand. Shares rose as much as 1.1 yuan or 4 percent to 29.27 yuan in Shanghai trading. China uses coal in 80 percent of its power plants.
Source: Hellenic Shipping News / Bloomberg
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Saturday, 22 May 10
INDUSTRY QUESTIONS STEAM COAL PRICE ANOMALY
Five South Korean utilities have secured a deal for 3.13 million tonnes of Australian thermal coal with a calorific value of 6,080kcal/kg for delive ...
Wednesday, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ...
Wednesday, 19 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE LENGTHENS
Coal shipments from Australia's Newcastle port, the world's biggest export harbor for the fuel used in power stations, rose 2.9 percent last week ...
Tuesday, 18 May 10
THE BDI HIT A FIVE-MONTH HIGH AT THE CLOSE OF LAST WEEK
According to BRS, One of the oldest ship broker, at 3,929 points, the BDI hit a five-month high at the close of last week. The Capesize four time ch ...
Tuesday, 18 May 10
COAL TRADER CHINA QINFA TO BUY TWO BULK CARRIERS FOR 69 MLN USD
China Qinfa Group, a leading non-State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay 69 million U. ...
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- McConnell Dowell - Australia
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- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
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- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Ministry of Mines - Canada
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- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
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- Neyveli Lignite Corporation Ltd, - India
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- South Luzon Thermal Energy Corporation
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- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
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- LBH Netherlands Bv - Netherlands
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- Tamil Nadu electricity Board
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- The State Trading Corporation of India Ltd
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- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Posco Energy - South Korea
- PTC India Limited - India
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
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- Agrawal Coal Company - India
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- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
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- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
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- Alfred C Toepfer International GmbH - Germany
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- Economic Council, Georgia
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- Sindya Power Generating Company Private Ltd
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- Parry Sugars Refinery, India
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- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Independent Power Producers Association of India
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- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
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- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
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- Energy Development Corp, Philippines
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- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Central Electricity Authority - India
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- Indian Oil Corporation Limited
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- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
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- Siam City Cement - Thailand
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- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
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