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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, 25 August 10
BUKIT ASAM OUT TO BECOME BIGGEST COAL PRODUCER
The Jakarta Post reported that, State-owned PT Batubara Bukit Asam Tbk intends to become the country's biggest coal producer in 2016 with productio ...
Wednesday, 25 August 10
GOVT SHOULD ALLOW DUTY-FREE IMPORT OF THERMAL COAL: ASSOCHAM
Industry body Assocham Wednesday said the government should allow duty free import of thermal coal to bring down power tariffs in the country.
&q ...
Wednesday, 25 August 10
INDIAS ADANI GROUP TO BUILD COAL RAILWAY IN INDONESIA
COALspot.com: India’s Adani Group, Indonesia’s state coal producer PT Tambang Batubara Bukit Asam (PTBA), and the South Sumatra provinci ...
Wednesday, 25 August 10
CME GROUP WILL LAUNCH NEW COAL CONTRACTS
Press Release: CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of trading and clearing ser ...
Tuesday, 24 August 10
INDIA IMPORTS 1.3 MILLION TONS COAL LAST WEEK
COALspot.com: India has imported 1.3 million tons of non - Coking coal and 468,229 Mt of coking coal for the period 16 - 22 August 2010 ...
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- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
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- Eastern Coal Council - USA
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- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
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- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Minerals Council of Australia
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- Bulk Trading Sa - Switzerland
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- Karbindo Abesyapradhi - Indoneisa
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- Siam City Cement PLC, Thailand
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- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
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- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
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- Port Waratah Coal Services - Australia
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- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
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- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
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- Kaltim Prima Coal - Indonesia
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- GAC Shipping (India) Pvt Ltd
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- Makarim & Taira - Indonesia
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- Energy Link Ltd, New Zealand
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- Coal and Oil Company - UAE
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- New Zealand Coal & Carbon
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