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Monday, 14 June 10
S. AFRICA BOOSTS COAL SALES TO INDIA 12%, TRADER SAYS
Bloomberg reported that, South Africa’s Richards Bay, the world’s second-biggest coal export harbor, boosted sales to India by 12 percent in May, a trader said.
Exports of coal rose to 1.93 million metric tons last month from 1.72 million in April, according to a note by mjunction Services Ltd., a Web-based trader backed by India’s biggest steel producers. The coal shipped was mostly thermal, used in power plants to generate electricity.
The terminal exported 4.57 million tons of coal in May, up from April’s 3.91 million tons and 22 percent more than a year earlier even as deliveries were cut by an 18-day national port and rail strike that ended on May 28. At the shipment rate so far this year, the terminal will export 57.72 million tons of the fuel in 2010, about 64 percent of its capacity.
Buyers from India accounted for about 42 percent of the terminal’s exports in May, according to the note. India’s imports of power-plant coal may grow 14 percent a year as demand for electricity increases, according to Tata Power Ltd.
Pakistan’s coal imports fell by about 69 percent to 40,233 tons in May from April, mJunction said. The South Asian nation imported 2.97 million tons in the first five months from Richards Bay terminal.
India imported 8.33 million tons in the first five months of this year from Richards Bay, 18.7 percent higher than the year-earlier period, according to the note. Richards Bay shipped about 35 percent of its total coal to India this year until May.
The country, Asia’s largest economy after Japan and China, expanded its industrial output by 17.6 percent in April, boosting its consumption of electricity as factories stepped up production. The nation’s thermal coal imports may climb to 72 million metric tons in 2011, according to Tata Power.
Prices for coal shipped through Richards Bay fell 0.4 percent to an average of $92.41 a ton on a free-on-board basis in the four days through June 4, according to IHS McCloskey. Asian benchmark prices at the port of Newcastle in Australia rose 1.2 percent to $99.30 through June 11.
Source: Bloomberg (By: Dinakar Sethuraman) - for more news click here
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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, ...
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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- Electricity Authority, New Zealand
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- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
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- London Commodity Brokers - England
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- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Eastern Energy - Thailand
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- Electricity Generating Authority of Thailand
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- VISA Power Limited - India
- Singapore Mercantile Exchange
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- Energy Link Ltd, New Zealand
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- Global Coal Blending Company Limited - Australia
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- Indian Energy Exchange, India
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- Altura Mining Limited, Indonesia
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- SMC Global Power, Philippines
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- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
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- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
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- Interocean Group of Companies - India
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- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
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- PTC India Limited - India
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
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- IHS Mccloskey Coal Group - USA
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- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Planning Commission, India
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- Vedanta Resources Plc - India
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- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
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- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
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- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
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- Simpson Spence & Young - Indonesia
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- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
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- Parliament of New Zealand
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- ASAPP Information Group - India
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- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Economic Council, Georgia
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- The University of Queensland
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- Rashtriya Ispat Nigam Limited - India
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- Mjunction Services Limited - India
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