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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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Friday, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales vo ...
Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian ...
Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think.
But power major NTPC Ltd is finding that this year’s coal is not yie ...
Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...
Tuesday, 23 June 09
NEWCASTLE WEEKLY COAL EXPORTS DECREASE 15%; SHIP QUEUE RISES
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 15 percent last week while the numb ...
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- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
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- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Minerals Council of Australia
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
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