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Monday, 22 June 09
CHINESE MAY COAL IMPORTS HIT RECORD 9.43 MILLION TONNES
 Reuters quoted Custom Data showed that China's coal imports hit an all-time record of 9.43 million tonnes in May.
The figure surpasses the previous record of 9.16 million tonnes set in April, which analysts said was caused by a shutdown of small mines in China as well as thin demand on the international market, coupled with the failure of Chinese power firms to agree on a coal supply deal with domestic miners.
The huge level of shipments, more than twice the 4.16 million tonnes imported in May last year, brings China's coal imports in the first five months of 2009 to 32.2 million tonnes, 73% ahead of imports in the same months of 2008.
The surge in imports in April and May, a leap from previous monthly volumes ranging between 3 million and 6 million tonnes, comes despite a rebound in the cost of freight and a pick-up in coal prices.
Chinese coal remains relatively uncompetitive on the world market, with data released earlier this month showing exports of 1.19 million tonnes in May, the lowest monthly volume in more than 11 years. That puts net imports at 8.24 million tonnes in the month, compared to net exports of 4.6 million tonnes in the whole of last year, turning China from a small seller to a major buyer on the world market.
China meets the vast majority of its coal needs from its own mines, which produce roughly three times as much as is traded on the world seaborne market. But it also buys coal from Australia, Indonesia, Vietnam and Mongolia, and the circle of suppliers widened at the start of this year as shipping costs and global demand slumped.
The Customs data did not give any breakdown of the imports or exports. In the first four months of the year, the coal type showing the biggest increase in imports was coking coal, used by China's huge steel sector, which has continued producing at 2008 levels while most other steel firms have halved output. But most of China's imports are coal grades suitable for power generation, with coking coal making up less than a third of the total.
Source: Steel Guru (http://steelguru.com/news/index/2009/06/22/OTkzOTI%3D/Chinese_May_coal_imports_hit_record_9.43_million_tonnes.html)
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Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
Friday, 07 August 09
COAL-PRICE FORECAST RAISED AT MERRILL ON CHINA, INDIA DEMAND
Bloomberg reported that, Bank of America Corp.’s Merrill Lynch & Co. unit increased its price forecast for Asian power-station coal becaus ...
Friday, 07 August 09
CHINESE DEMAND FOR FOREIGN COAL SOARS
Mining Weekly reported that, Chinese coal imports rocketed by 126,3%, year-on-year, in the first half of this year, the country’s customs auth ...
Thursday, 06 August 09
RICHARDS BAY COAL SHIPMENTS FELL 3% ON YEAR IN JULY
Bloomberg reported that, Richards Bay Coal Terminal, Africa’s largest coal-export facility, exported 3 percent less of the fuel in July than i ...
Thursday, 06 August 09
NTPC LOOKS TO BYPASS STATE TRADING FIRMS ON COAL IMPORT
A reduced coal import bill for NTPC could lead to lower power tariffs
Live mint.com reported that, India’s largest power generation utility ...
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- Australian Coal Association
- Romanian Commodities Exchange
- Central Java Power - Indonesia
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- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
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- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
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- Leighton Contractors Pty Ltd - Australia
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- Anglo American - United Kingdom
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- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
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- Timah Investasi Mineral - Indoneisa
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- PowerSource Philippines DevCo
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- The University of Queensland
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- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
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- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
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- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
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- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
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- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
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- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
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- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- SMG Consultants - Indonesia
- Parliament of New Zealand
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- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
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- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
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- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- VISA Power Limited - India
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- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
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- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
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- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
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- Manunggal Multi Energi - Indonesia
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- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Aditya Birla Group - India
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- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
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