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Friday, 12 June 09
CHINA TOP POWER COS SIGN REGIONAL COAL DEALS - REUTERS
 China's top five power generating groups have signed 2009 coal supply contracts with miners in Guizhou and Xinjiang, with prices up 4 percent on the year, or flat after tax effects, sources said on Thursday.
The price increase is in line with deals signed earlier in Shandong and Henan provinces, said the sources, including an executive at one of the power producers and a power industry official, both with knowledge of the negotiations.
The tonnage contracted so far, estimated at more than 100 million tonnes, accounts for up to 20 percent of the total annual coal consumption at these companies, the sources said.
"We've signed some contracts in certain regions, but deals with most of the expected regions are still up in the air," said the power company executive.
The industry official said the top five firms might sign annual deals for 200-300 million tonnes in all.
The top five state-owned power groups -- Huaneng, Datang, Guodian, Huadian and China Power Investment -- have been in talks with coal producers since December last year to try to agree contract prices.
The absence of a deal within China and the slowdown in demand overseas helped drive Chinese imports of coal to a record high in April, the last month for which data is available.
After the Henan and Shandong deals, analysts at Nomura said they expected the price to spread to the rest of China.
"We believe the rest of the coal miners in China may take the prices they have negotiated as benchmarks to finalise coal contracts in other provinces," Nomura analysts Ivan Lee and Evan Li Nomura said in a note to clients on June 5.
They said if the trend continued, it would improve earnings forecasts for the power firms' listed units: Datang Power, China Resources Power, Huaneng Power, Huadian Power and China Power.
Last week Chinese miner Yanzhou Coal said it had struck deals for 7.84 million tonnes with an average benchmark price of 502.62 yuan per tonne, including 4.29 million tonnes for power producers at 463.86 yuan per tonne, a 4 percent increase from 2008.
The provincial deals involve local coal mines, not top Chinese miners such as Shenhua, which has insisted this year's contract price for coal with calorific value of 5,500 kcal/kg (NAR) should rise to 540 yuan a tonne, or 17 percent higher than last year.
The power firms have so far rejected Shenhua's price, citing deep losses last year due to rising coal costs and lower power demand amid the economic downturn.
Source:http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSSHA8440720090611
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Saturday, 06 June 09
COAL PRICE HIT RECORD ON STRONG CHINA DEMAND - INVESTMENT WATCH
Investment watch reported that, “Coal price hit a new high of over $72 a tonne at Australia’s Newcastle Port, a benchmark for Asia, spur ...
Friday, 05 June 09
CEMENT INDUSTRY NEEDS POLICY ON FLY ASH
H.M. Bangur, President of Cement Manufacturers' Association, on the objectives and economic impact of the proposed national policy on utilisation o ...
Thursday, 04 June 09
PAKISTAN TO IMPORT MORE COAL FROM INDONESIA - SEATRADE
COALspot.com (Pakistan): Richards bay to Pakistan sea freight has touched US$ 20.00 for 40,000/10 pct steam size in June 2009. South African c ...
Thursday, 04 June 09
CHINA'S SHANXI PROVINCE CONSIDERS COAL FUTURES BOURSE - MINE WEB
Mine Web reported that, China hopes to establish a coal futures exchange to obtain more rights on international pricing.
China's largest coal pr ...
Thursday, 04 June 09
CHINA QINHUANGDAO COAL STOCK JUMPS BY 36.2% MOM - STEELGURU
SteelGuru reported that, Sources indicated that, coal stock at Qinhuangdao port, China's major coal port has reached 4.88 million tonnes increasing ...
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- Indika Energy - Indonesia
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- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
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- Indian Energy Exchange, India
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- Mintek Dendrill Indonesia
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- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
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- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
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- Romanian Commodities Exchange
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- Baramulti Group, Indonesia
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- Power Finance Corporation Ltd., India
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- Energy Link Ltd, New Zealand
- Australian Coal Association
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- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
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- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
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- Samtan Co., Ltd - South Korea
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- Directorate Of Revenue Intelligence - India
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- Metalloyd Limited - United Kingdom
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- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
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- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
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- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
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- Orica Mining Services - Indonesia
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- Singapore Mercantile Exchange
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- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
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- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
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- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
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- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
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- Port Waratah Coal Services - Australia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- PetroVietnam Power Coal Import and Supply Company
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- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- The University of Queensland
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
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- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
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- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
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