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Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached to US$ 102-103/ton in September 2010, because of limited availability of coal in Indonesia due to unseasonable heavy rains. Indonesian coal output may fall by 6 percent this year to 300 million tones because of unusually heavy rains in coal production areas, reports said.
“I can’t predict anything, but the coal price might go up if any disturbance in coal production in Indonesia. We still wait a month to see the impact of the backlog to price,” said Bob Kamandanu, the chairman of the Indonesian Coal Mining Association to COALspot on Saturday.
The supply constraints from Indonesia could help to push the Australian thermal benchmark prices up to US$ 90/ton or more, after tepid demand from Chinese buyers, which driven prices of Australian thermal coal to down on Thursday to a six-month low of US$ 87/ton, reports said. Bob sees, the drops of current international coal index (Newcastle index) because of less demand from Chinese buyers and industries. However, coal demand from India is still high, and it will never down in near future.
Indian demands for coal were increased drastically in recent years, and will increase further coming years due to high demand from coastal based existing and upcoming power plants. Indian power plants are still needs coal, as they haven’t secured fuel supply yet to their respective plants.
-- Efendi --
To contact the reporter on this news: Efendi in Jakarta at efendi@coalspot.com
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Wednesday, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
Tuesday, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the countr ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company s ...
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- Romanian Commodities Exchange
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