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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, 19 June 09
COAL FORUM TO MEET IN BALI NEXT WEEK
Bali will host next week a Southeast Asian forum on coal, involving coal producers, consumers and government representatives.
The Indonesian Ener ...
Friday, 19 June 09
KARNATAKA POWER CORP BEGINS BLENDING INDONESIAN COAL
BL reported that the State Government owned power utility Karnataka Power Corporation Limited has begun blending imported Indonesian coal for its th ...
Thursday, 18 June 09
COAL MINING HALTS AFTER DEADLY BLAST - (UPDATE 2)
All mining activists in Sawahlunto, West Sumatra, are at a standstill after a major underground explosion killed at least 31 miners and buried 12 ot ...
Thursday, 18 June 09
INDIA'S HINDALCO CLOSE TO BUYING AUSTRALIA COAL MINE
India's largest aluminium maker Hindalco Industries is close to acquiring a coal mine in Australia, for about $70-$80 million, The Economic Times r ...
Thursday, 18 June 09
GERMAN COAL BUYERS SEE LOWER IMPORTS, PRICES
* Coal imports and prices fall as steel industry slumps
* Coal industry grapples with carbon polluter image
German imports of hard coal are like ...
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Showing 6671 to 6675 news of total 6871 |
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- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- The University of Queensland
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- PTC India Limited - India
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
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