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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 $104/tonne FoB.”
India is expected to import nearly 60 million tonnes of thermal coal this year. MMTC and Adani Enterprises are major importers.
Thermal coal spot prices, ruling around contract prices at present, are unlikely to move up further. According to industry sources, China is presently not in the market and subdued imports from the neighbouring country mean prices will remain capped.
Jigar Shah, head of research, KIM ENG Securities India, said: “This is an initial contract and most of India’s thermal coal imports are from Indonesia. The prices at which they are negotiated will be crucial for Indian power and cement plants which import coal.” Many new private sector power companies import thermal coal. Most of India’s coal imports come from Indonesia and South Africa.
Source: Business-Standard (By: Rajesh Bhayani)
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Tuesday, 30 March 10
PRICES FOR COKING COAL, IRON ORE TO SOAR AMID BURGEONING STEEL DEMAND: SCOTIABANK
Winnipeg Free Press reported that, Strong steel demand from China and a recovery in the developed world will push coking coal prices 56 per ce ...
Sunday, 28 March 10
DEMAND FROM INDIA RESHAPING THE GLOBAL COAL MARKET - DAVE FOREST
Attention international coal industry. There's a new kid on the block.
The nation of India.
India is emerging as a major re-shaping force for ...
Sunday, 28 March 10
SHIPS FROM WC INDIA TO CHINA CONTINUED TO BE FIXED AT HEALTHY LEVELS AT AROUND US$ 50/52,000 PER DAY - VISTAAR
COALspot.com: The dry bulk freight market seemed to be heading for a correction with all the indices dropping by 8-10 pct except for handy size whic ...
Saturday, 27 March 10
CHINA DROUGHT MAY RAISE COAL DEMAND, BOOST PRICES, CLSA SAYS - BLOOMBERG
Bloomberg reported that, Droughts in southwest China may increase demand for coal used in power plants, and ‘support” prices in the &ldq ...
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 coa ...
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- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Central Electricity Authority - India
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
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