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Thursday, 15 April 10
MAJOR THERMAL COAL CONTRACT AT 40% HIGHER PRICE THAN LAST YEAR - BUSINESS STANDARD
Business-Standard reported that, India is expected to import nearly 60 million tonnes of thermal coal this year.
After coking coal and iron ore, thermal coal supply contracts have now been signed at a much higher price than last year. Recently, term contracts for Newcastle coal were signed at $97-98/mt between producer Xstrata and Japan’s Chubu Electric for 2010-2011, about 40 per cent higher than last year. These were initial contracts. Thermal coal is used by power plants.
Initial expectations were that contracts for thermal coal would be signed at $85-90 a tonne. Last year, thermal coal contracts were settled at $70 a tonne.
James O’Connell, managing editor, Platts, the premier agency that tracks the energy sector, said: “This initial contract is assumed by many to be a benchmark, especially when it is between two such big players.”
Some Japanese utilities link prices of their contracts to the global COAL index. Hence, they do not negotiate an annual price, just an annual tonnage contract. However, according to James: “Bumi Resources, Indonesia’s largest coal producer, told Platts that one of its two coal producing units, Kaltim Prima Corp, settled an FY10 contract with a major Japanese thermal coal buyer at $104/tonne FoB.”
India is expected to import nearly 60 million tonnes of thermal coal this year. MMTC and Adani Enterprises are major importers.
Thermal coal spot prices, ruling around contract prices at present, are unlikely to move up further. According to industry sources, China is presently not in the market and subdued imports from the neighbouring country mean prices will remain capped.
Jigar Shah, head of research, KIM ENG Securities India, said: “This is an initial contract and most of India’s thermal coal imports are from Indonesia. The prices at which they are negotiated will be crucial for Indian power and cement plants which import coal.” Many new private sector power companies import thermal coal. Most of India’s coal imports come from Indonesia and South Africa.
Source: Business-Standard (By: Rajesh Bhayani)
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Tuesday, 27 April 10
S.KOREA EWP SEEKS 0.520 MILLION TONS OF SUB-BITUMINOUS COAL
COALspot.com: South Korea East West Power Company has called for term bids for supply of Sub-bituminous Coal for Dangjin Thermal Power Pla ...
Monday, 26 April 10
COAL INDIA NEARS PORT DEAL WITH VIZAG STEEL - DNA
DNA India reported that, Coal India Ltd (CIL), the country’s largest coal producer, is close to signing a deal to acquire space at Vizag Steel ...
Sunday, 25 April 10
THE WAITING AT INDIAN PORTS FOR COAL VESSELS WAS QUITE NORMAL - VISTAAR
COALspot.com: The BDI remained unchanged this week and all other sectors also the change was not much.
The cape index continued to move up and wa ...
Saturday, 24 April 10
NTPC TO BUY COAL MINES IN KAZAKHSTAN - TELEGRAPH INDIA
Telegraph India reported that, NTPC Ltd plans to acquire coal mines and operate two thermal power plants in Kazakhstan.
“We are exploring t ...
Saturday, 24 April 10
CHINA'S COAL IMPORTS DOUBLE IN MARCH
China's General Administration of Customs said that the country imported 15.22 million tons of coal last month, more than double the amount it impo ...
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- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
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- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
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- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
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- European Bulk Services B.V. - Netherlands
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- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
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- The University of Queensland
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- The Treasury - Australian Government
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- Cement Manufacturers Association - India
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- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
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- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
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- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
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- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
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- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
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- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
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- Parliament of New Zealand
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- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
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- Power Finance Corporation Ltd., India
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- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Australian Coal Association
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- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
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- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
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- Indian Oil Corporation Limited
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- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
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- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Wilmar Investment Holdings
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- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
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- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
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- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- London Commodity Brokers - England
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- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
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- Metalloyd Limited - United Kingdom
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- Independent Power Producers Association of India
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- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
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