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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, 04 August 10
MALAYSIA'S AGATE GROUP TIES UP WITH INDIA'S ECOGREEN TO DEVELOP COAL BUSINESS
COALspot.com: "Malaysian based AGATE Group had entered into an agreement with India's EcoGreen to jointly develop coal business in India ...
Wednesday, 04 August 10
ADARO PRODUCED 21.62 MILLION TONS OF COAL IN 1H 2010
COALspot.com: “Adaro Energy’s production volume during the second quarter of 2010 was 10.26 million tones and for the first half of 2010 ...
Wednesday, 04 August 10
CIL TO TAKE UP NEW PROJECT TO MEET INCREASED DEMAND OF COAL
As part of Annual Plan 2010-11, Planning Commission has projected all India demand of coal 656.31 Million Tonnes against which the indigenous supply ...
Tuesday, 03 August 10
INDONESIA CONSIDERING RUPIAH DENOMINATION
The jakarta post reportd that, the central bank is deliberating a potential Rupiah denomination in light of decreasing exchange rate valuations agai ...
Monday, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise h ...
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- Therma Luzon, Inc, Philippines
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- Bhoruka Overseas - Indonesia
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- Planning Commission, India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Thai Mozambique Logistica
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