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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, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND
Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from Chin ...
Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT
PT Bumi Resources has only completed 35 percent if its coal sale contract this year. “More than 65 percent of our sale volume did not have a c ...
Monday, 11 January 10
THE MARKET IS LIKELY TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market for the first week of the year was quite active and the market especially in the Panamax and Supramax s ...
Monday, 11 January 10
CHINAS COAL EXPORT MAY DECLINE 50% IN 2009
Preliminary data released by China's General Administration of Customs (GAC) on Wednesday showed that China's coal export reached 2.05 million ton ...
Saturday, 09 January 10
THE FAR EAST MARKET STARTED TO STABILIZE - FEARNLEYS
Handy
The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...
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- Parliament of New Zealand
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- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
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- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
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- Global Green Power PLC Corporation, Philippines
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- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
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- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
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- ICICI Bank Limited - India
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- Tamil Nadu electricity Board
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- Singapore Mercantile Exchange
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- Indika Energy - Indonesia
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- Minerals Council of Australia
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- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
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- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
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- Deloitte Consulting - India
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- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
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- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
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- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
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- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
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- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Straits Asia Resources Limited - Singapore
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- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Thai Mozambique Logistica
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- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
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- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
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