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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, were little changed near an 18-month high because of strong European demand in May.
Richards Bay Coal Terminal export prices fell 0.4 percent to an average $92.41 a metric ton in the four days through June 4, according to IHS McCloskey. They reached $95.75 at the end of April, the highest since Nov. 7, 2008.
“Fundamentals for Western European coal-burn remained strong, with May coal-burn coming in at about 4 percent higher, year-on-year, supported by unusually colder weather,” Amrita Sen, an analyst with Barclays Capital in London, said in a report e-mailed on June 4. “In addition to China, demand from other Asian countries remains robust. Even Japan is showing signs of recovery. India remains the other key bright spot in the Pacific market.”
South Africa is boosting exports to the East as India and China recover from last year’s slowdown. More than half its production is now going to Asia, according to McCloskey. The Richards Bay terminal is owned by South Africa’s largest coal exporters, including BHP Billiton Ltd., Anglo American Plc and Xstrata Plc.
Barclays cut its estimate for Richards Bay’s coal exports this year by six million tons to 64 million tons following a strike at Transnet Ltd., South Africa’s state-owned transport company, that started May 10. The dispute was called off at the end of May after unions accepted an 11 percent wage increase and a one-time payment of 1 percent of workers’ salaries.
Richards Bay exported 4.57 million tons of coal in May and received 1.95 million tons by rail. Stocks at the terminal fell to 2.04 million tons, their lowest level since December 2007, the terminal said on its website today.
Newcastle Prices
Coal prices at Newcastle, Australia, an Asian benchmark, rose 1.4 percent to $98.16 a ton in the week to June 4, according to the globalCOAL NEWC Index. Benchmark European coal derivatives fell for the first time in four sessions. Coal for delivery to Amsterdam, Rotterdam or Antwerp with settlement next year fell 35 cents, or 0.4 percent, to $99.65 a ton at 10:57 a.m. in London.
The coal derivative data are drawn from information supplied by ICAP Plc, GFI Group Inc., Spectron Group Ltd., Credit Suisse Group AG, IHS McCloskey, Bloomberg and Tradition Financial Services.
McCloskey’s data are an average based on daily price assessments and a market survey. Prior to the week ending April 30, the market survey was only carried out weekly.
Source: Bloomberg ( By Alistair Holloway)
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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 ...
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 ...
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 ex ...
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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- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- PTC India Limited - India
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Planning Commission, India
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Australian Coal Association
- Parliament of New Zealand
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- The University of Queensland
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
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