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Thursday, 02 July 09
PETCOKE BOOMS AS CEMENT MAKERS TRY TO REPLACE COAL
* Cement makers led by Asia chase petcoke to replace coal
* Petcoke prices up $10/T Feb-Jun, set to rise further
* Domestic U.S. petcoke demand may cut exports from Q3
Cement makers worldwide are buying petroleum coke or petcoke wherever possible to replace more expensive steam coal as a fuel and raw material, cement industry sources and traders say.
As a result petcoke prices have risen $10.00 a tonne to $35.00 during the past month and are likely to reach parity with coal prices later in the year.
"What we're seeing worldwide is an overall reduction in demand for cement with some spots improving, but demand for petcoke is still pretty good because of reduced production and because petcoke prices are still attractive compared to coal," said Bill Day, spokesman for refiner Valero, the largest petcoke producer in the United States.
Total global demand for cement has fallen due to the economic slowdown but there are pockets of continued strong demand such as China and India.
Even where cement demand has fallen in Europe, cement makers are trying to replace coal with cheaper petcoke.
"Definitely for the past six months and noticeably for the past three months there has been a push in Europe for cement plants to take more petcoke, if they can get it," said a senior cement source who asked not to be named.
"They are taking petcoke mostly on long-term contracts but the spot price is attractive at $30.00-$35.00 a tonne FOB. Because of petcoke's higher energy content it works out cheaper than coal even at the same price per tonne, but there is little spot to buy," he said.
At FOB prices of around $35.00 FOB U.S. Gulf with freight of $45.00-$55.00 the delivered cost of petcoke is higher than coal on the face of it but the real cost due to petcoke's energy content is lower, traders said.
Up to 2004 cement makers and many European power plants were taking as much petcoke as they could instead of coal on grounds of price, despite petcoke's high sulphur content.
PARITY
Sharply increased petcoke prices due to strong domestic demand in 2007 made spot petcoke uncompetitive against coal. This scenario is likely to be repeated later this year because U.S. government fiscal stimulus packages including road-building programmes will boost demand for petcoke to make both asphalt and concrete, cement sources and traders said.
But petcoke prices have been rising since February and are set to reach parity with steam coal prices by Q3 because domestic U.S. demand is increasing at the same time as supply of the heavy, high-sulphur crude oil used to make petcoke is shrinking, they said.
Petcoke typically has higher energy content than steam coal, often 7,500 kilocalories per kilogramme (kcal/kg) compared with around 5,700-6,000 kcal/kg for steam coal. This makes it cheaper to ship and to burn than coal.
Petcoke's sulphur content is usually much higher at 1.5 - 3.00 percent or more, compared to 1.00 percent or less for coal.
"European cement makers would like to be able to build some inventories of petcoke now because they fear prices will rise sharply but they are simply not allowed to tie up cash in stocks," the cement source said.
Cement demand in Southern Europe particularly Spain, Portugal, Greece and Italy has plunged due to depression in construction. Cement makers are still producing at lower rates and while their total energy demand has dropped, they have taken the same or more petcoke and cut back other fuels such as coal, cement sources said.
"There is huge demand for petcoke in India, while it continues to be competitive with coal. But there is less available now than three months ago," an Indian trader said.
Source: Reuter (http://in.reuters.com/article/domesticNews/idINL109243920090701?sp=true)
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Saturday, 04 July 09
MINING CONTRACT SOUGHT FOR COAL AREA IN MASBATE
Because of its coal deposits, a town in Masbate is one of the sites in the country being sought out for exploration and development by mining compan ...
Saturday, 04 July 09
S. AFRICA'S RICHARDS BAY TO CAP NEW COAL VOLUMES, MININGMX SAYS
South Africa’s Richards Bay Coal Terminal is proposing restrictions on the quotas it awards to coal exporters from the so-called Phase 5 expansi ...
Saturday, 04 July 09
DALRYMPLE BAY COAL TERMINAL EXPANSION COMPLETE
BABCOCK & Brown Infrastructure has completed expansion of the Dalrymple Bay Coal Terminal (DBCT) near Mackay, Queensland.
The terminal is now ...
Friday, 03 July 09
CHINA SHENHUA TO DOUBLE COAL CAPACITY BY 2014-PAPER
China Shenhua Energy Co Ltd plans to double its annual coal production capacity by 2014 from this year's level, the China Securities Journal report ...
Friday, 03 July 09
UKRAINE CUTS COAL PRODUCTION 9.3 PERCENT IN H1
Ukraine reduced coal production approximately 9.3%, or by 3.673 million tonnes, to 35.879 million tonnes in the first half of 2009 compared to the s ...
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- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
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