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Sunday, 06 June 10
STEAM COAL MAY BECOME NEXT BOOMING COMMODITY IN AUSTRALIA - DB
 Deutsche Bank predicts that thermal coal could become Australia's next booming commodity. The German investment bank's global thermal coal team expects thermal coal contract prices to rise 26% to USD 120 a tonne by 2012 because of a rise in net imports from China and India The forecast led to local analysts upgrading their earnings guidance yesterday for a swag of coal miners, including BHP Billiton and Rio Tinto, despite the threat posed by the controversial resource super profits tax.
Deutsche Bank's report said that "The seaborne thermal coal market is experiencing a transformation which may be as significant as that which occurred for the iron ore market over the past decade. In a similar way, we believe China and India together could transform the demand landscape for thermal coal over the next decade, displacing current western importers and evolving to dominate the industry."
The Reserve Bank of Australia reiterated this week that despite the recent softening of commodity prices in the wake of Europe's debt crisis and a slowdown in China, Australia's terms of trade were likely to remain at high levels.
Deutsche Bank's report shows this year's thermal coal contract prices were higher than expected at about USD 98 a tonne and the bank expected the
Deutsche said that very supportive fundamentals to continue into next year and 2012. Thermal coal suppliers have not moved to quarterly pricing as iron ore producers have, which provided a more stable earnings outlook.
NSW miners Whitehaven Coal and Centennial Coal are Deutsche's preferred thermal coal stocks, and yesterday analyst Brendan Fitzpatrick upgraded Whitehaven to a buy and lifted Centennial's earnings per share by up to 65% in full year 2012.
Analyst Mr Paul Young also upgraded earnings of BHP and Rio by up to 5.5% in 2012-13 because of the size of their thermal coal businesses relative to their other divisions. He added that "We believe the competition for capital with other divisions means BHP's energy coal growth pipeline is more limited than Xstrata and Anglo."
Deutsche reiterated its buy rating on Rio and BHP and upgraded its price targets to USD 96.50 and USD 48, respectively.
Source: SteelGuru / The Australian
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Tuesday, 08 June 10
RUSSIA REPORTED A TENFOLD GROWTH IN COAL EXPORTS TO CHINA IN 1Q 2010 - BRS
A retreat for all the dry bulk segments this week, but especially for the Panamax and Supramax markets. The Panamax 4TC remains over US$30,000/day h ...
Monday, 07 June 10
SOUTH AFRICA COAL STAYS NEAR 18-MONTH HIGH ON EUROPEAN DEMAND - BLOOMBERG
Bloomberg Reported that, Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, ...
Sunday, 06 June 10
THE DOWNWARD TREND FOR S6 AND S7 ROUTE IS LIKELY TO CONTINUE NEXT WEEK - VISTAAR
COALspot.com: "This seemed market heading for corrections with all sectors down", said, Capt. Reddy, MD of Vistaar Shipping Singapore, an ...
Friday, 04 June 10
INDO/INDIA AROUND THE MID 20'S LEVEL AND MID TO HIGH 20'S INDIA/CHINA
Handy
After a quiet end to last week, the Atlantic handysize market continued&nb ...
Thursday, 03 June 10
INDO GOVERNMENT TRIES TO CALM BUSINESSES FEARS OVER FOREST - CLEARING MORATORIUM
The Jakarta Globe reported that, as producers of coal and palm oil continued to howl, the government on Tuesday offered reassurances that the develo ...
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- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
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