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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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Tuesday, 23 June 09
NAPOCOR TO RE-TENDER FOR 195,000 T COAL IN JULY
Electricity producer National Power Corp. (Napocor) will hold a tender on July 15 to buy 195,000 tons of steam coal for its Sual power station, the ...
Monday, 22 June 09
ONE DIES IN KUTAI COAL TUNNEL COLLAPSE
The Jakarta Post reported that, A tunnel at a coal mine belonging to company PT Fajar Bumi Sakti in Kutai Kartanegara, East Kalimantan collapsed on ...
Monday, 22 June 09
THIS WEEK IS EXPECTED TO BE FIRM AND DEMAND OF SHIPS WOULD BE STRONG - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI up by 487 points over last week which is an increase of almost 13 pct. The increase is again mainly due to Ca ...
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 previ ...
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 dro ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- PTC India Limited - India
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Australian Coal Association
- ASAPP Information Group - India
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
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