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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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Monday, 02 August 10
LINC, ADANI COMPLETE THEIR COAL CONNECTION
"THE much-speculated deal between underground coal gasification company Linc Energy and India's Adani Enterprises is set to be signed tomorrow ...
Saturday, 31 July 10
TABONEO ANCHORAGE TO LOAD 1.5 MLN TON OR MORE COAL IN H1 AUGUST
COALspot.com: Eighty five ocean going vessels and barges have been nominated by coal buyers to their respective suppliers in Indonesia to load about ...
Saturday, 31 July 10
SEEMS THE FREIGHT MARKET WOULD BE FAIRLY STABLE FOR H2 2010 - VISTAAR
COALspot.com: The BDI continued moving up since 16th July and rise by 14 pct almost touching 2000 points.
The BDI was up by 7.72 pct last week wh ...
Friday, 30 July 10
DRY BULK MARKET BACK ON THE ROAD TO RECOVERY
Freight rates for dry bulk carriers have continued to edge higher this week, with the industry’s main benchmark, the Baltic Dry Index (BDI) ga ...
Thursday, 29 July 10
GOVT TOO OPTIMISTIC ON IRON, COAL PRICE
Federal government forecasts of continued strength in iron ore and coal prices, which underpin revenue expectations for the proposed new mining tax, ...
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