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Thursday, 07 May 09
ASIA COAL-PRICES EASE TO NEAR $63 ON DEMAND CONCERNS - REUTERS
AUSTRALIAN thermal coal prices, a benchmark for Asia, edged lower to around $63 a tonne on concerns over demand, after hitting a two-week high of $64 earlier in the week.
Thermal coal prices on the globalCOAL Newcastle weekly index were at $63.17 a tonne late on Wednesday, up from $62.27 a tonne a week ago.
"It's a temporary fluctuation," a regional trader said.
"But the trend is still sluggish as coal stocks are quite healthy and Indian demand is going to subside in May," the trader said.
Indian buyers tend to stock up on coal before the start of the monsoon in India in June.
There were no physical trades registered on globalCOAL.
* INDONESIA COAL
Indonesian bituminous coal of 6,300 kcal/kg air-dried basis was offered at around $60 a tonne, FOB mother vessel from Sumatra, while some traders offered coal of the same quality at between $65-$66 a tonne, FOB mother vessel from Kalimantan.
Indian demand for Indonesian coal eased as buyers switched to South African coal, while Chinese buyers who had been active in the past weeks slowed purchasing, an Indonesian producer said.
"We still see a lot of inquiries from Chinese buyers. But they stop short on asking prices," the producer said.
Buyers were seeking Indonesian coal of 6,300 kcal/kg at $51-$55, FOB mother vessel, the producer said.
Indonesian sub-bituminous coal of 5,300 kcal/kg was offered at around $35-$37 a tonne, FOB mother vessel from Kalimantan.
Demand from industrial sectors such as textiles has eased but steady demand from power plants helped to support prices.
PT Pembangkitan Jawa-Bali, a unit of state-electricity firm Perusahaan Listrik Negara, is in the process of short-listing bidders in a tender seeking 60,000 tonnes of 4,900 kcal/kg as-received coal a month for its Paiton power plant.
The firm is expected to award the contract in coming weeks.
Sourcing : http://in.reuters.com/article/domesticNews/idINJAK11241220090507?sp=true
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Friday, 06 March 09
CHURCHILL STARTS REVERSE DRILLING AT INDONESIAN COAL PROJECT
Miningweekly reported that, Aim-listed minerals explorer Churchill Mining on Thursday stated that reverse drilling at its East Kutai coal project (E ...
Thursday, 05 March 09
UAE FUND PLANS INDONESIA COAL RAIL LINK
News.alibaba reported that, A United Arab Emirates' fund signed a memorandum of understanding on Monday (2 March 2009) with an Indonesian prov ...
Thursday, 05 March 09
CHINA COAL-PRICES LITTLE CHANGED DESPITE PLUNGE ABROAD
China's spot coal prices were little changed from a week earlier, despite the sharp fall in the international market, and demand for coal remains s ...
Thursday, 05 March 09
RAK TO BUILD COAL FIRED POWER STATION
The National Ras al Khaimah, which is developing a coal mine in Indonesia, will build a coal-fired power plant in the emirate in the next two years ...
Wednesday, 04 March 09
COAL: GLOBAL DEMAND WEAKENS
The Jakarta Post reported that, While coal prices were stickier on the way down compared to other commodities like oil, the Newcastle price now sugg ...
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- Sindya Power Generating Company Private Ltd
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- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
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- London Commodity Brokers - England
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- Baramulti Group, Indonesia
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- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
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- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Australian Coal Association
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
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- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
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- Dalmia Cement Bharat India
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- International Coal Ventures Pvt Ltd - India
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- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
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- The University of Queensland
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- Minerals Council of Australia
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- Independent Power Producers Association of India
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- Planning Commission, India
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- Global Coal Blending Company Limited - Australia
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- White Energy Company Limited
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- The State Trading Corporation of India Ltd
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- Indian Energy Exchange, India
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- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
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- GAC Shipping (India) Pvt Ltd
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