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Monday, 22 June 09
SOUTH AFRICAN EXPORT COAL DECLINES ON WEAKENING EUROPEAN DEMAND
 Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, posted the first drop in five weeks as Europe’s recession cut demand for the fuel.
Richards Bay is the biggest single source of coal for Europe. The euro-region economy may shrink 4.5 percent this year, the World Bank said today, worse than its previous estimate of a 2.7 percent contraction. Companies from Germany’s Linde AG, the world’s second-biggest maker of industrial gases, to Charter International Plc, Europe’s biggest maker of welding gear, have cut output and jobs, reducing demand for power.
Export prices at Richards Bay declined $7.40, or 11 percent, to an average of $57.90 a metric ton in the week ended June 19, according to McCloskey Group Ltd. They have more than halved over the past 12 months.
“The main reason for that drop was European demand weakness,” Manqoba Madinane, an analyst with Standard Bank Group Ltd. in Johannesburg, said by phone today.
E.ON AG, Germany’s biggest utility, said coal stocks at its Kingsnorth power station in southeast England are at “almost full capacity,” spokesman Jonathan Smith said by phone today.
A 1.2 billion-rand ($147 million) expansion of Richards Bay Coal Terminal has been delayed until the fourth quarter after a risk assessment found the project wouldn’t be ready by July 1, Chief Operating Officer Raymond Chirwa said June 15.
Shipments vs Capacity
The terminal, located on South Africa’s eastern coast, will have an annual capacity of 91 million tons when the expansion is completed. At its current shipment rate, Richards Bay will export 54.2 million tons of coal this year, compared with its 76 million-ton capacity and actual shipments of 61.79 million tons last year.
Shipments fell to 3.76 million tons in May from 4.75 million tons a year earlier, the lowest level in 16 months. The terminal is owned by South Africa’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc.
Power-plant coal prices at Newcastle, Australia a benchmark for Asia, fell 7.7 percent to $70.81 in the week to June 19, according to the globalCOAL NEWC Index. While Richards Bay is the world’s biggest coal-export terminal, Newcastle ships more of the fuel from two terminals.
Benchmark European coal derivatives, used to bet on or hedge against future prices, declined. Coal for delivery to Amsterdam, Rotterdam or Antwerp with settlement next year fell $3.50, or 4 percent, to $85 a ton by 11:05 a.m. in London, according to a composite figure compiled by Bloomberg.
The data are compiled from information supplied by ICAP Plc, GFI, Spectron Group Ltd., Tullett Prebon Plc, Credit Suisse Group AG, McCloskey Group Ltd., Bloomberg and TFS.
Source: Bloomberg (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afzDslvcIZhI)
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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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- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
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- Dalmia Cement Bharat India
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
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- Eastern Energy - Thailand
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- SMG Consultants - Indonesia
- Central Electricity Authority - India
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- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Electricity Authority, New Zealand
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- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
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- Indo Tambangraya Megah - Indonesia
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- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
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- Leighton Contractors Pty Ltd - Australia
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