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Tuesday, 07 July 09
POWER - STATION COAL MAY RISE ON CHINA DEMAND, SUPPLIES, UBS SAYS
Power-station coal prices in Asia may increase in 2010 because of higher demand from China, the second-largest energy-consuming nation, and supply constraints, UBS AG said.
UBS has raised its 2010 forecast for the benchmark coal grade burned by Japanese utilities to $90 a metric ton from $80 a ton in 2010, analysts from the bank wrote in a report dated yesterday. Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, climbed 6.5 percent to $73.13 a ton in the week ended July 3, according to the globalCOAL NEWC Index.
Bottlenecks at Australian ports, heavy rain in Indonesia and increased imports by China constrained supplies of the fuel to Asian customers in 2007 and drove up prices. Market conditions are expected to tighten starting in the fourth quarter of this year and peak in 2011, UBS said.
“We are once again experiencing an increasingly tighter coal market with a theme developing similar to 2007,” UBS analysts led by Jakarta-based Andreas Bokkenheuser said in the note. China, the biggest producer and consumer of coal, burns the fuel to generate about 80 percent of its electricity.
Power use is increasing in China, as light industries step up production, after heavy industrial growth recovered in June, the UBS analysts said. Australian and Indonesian supply growth remains low and mining shutdowns in China’s Shanxi province have added to regional supply constraints, UBS said.
Price estimates for 2011 to 2013 have been reduced to factor in a possible supply response as coal producers address shortages, the analysts said.
Source: Bloomberg
(http://www.bloomberg.com/apps/news?pid=20601081&sid=aYezGDx3lDu4)
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Sunday, 21 June 09
CHINESE MINERS SEAL THERMAL COAL DEALS WITH JAPAN AND KOREA
As the confrontation between China's power and coal enterprises become more and more serious, coal enterprises which had supposedly been in the sho ...
Sunday, 21 June 09
MERCATOR TO BUY 3 BULK VESSELS
Mercator Lines, India’s second-largest private shipping company, is expanding its capacity and is set to acquire three gearless post-Panamax b ...
Sunday, 21 June 09
COAL SCARCITY HITS BIHAR POWER PLANTS
The Rs 60,000 crore 12,500mw power projects cleared by the State Investment Planning Board (SIPB) which could change the face of Bihar if commission ...
Sunday, 21 June 09
NLC CHALKS OUT RS 40K CR INVESTMENT
Public sector mini rathna, Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in
the mining ...
Sunday, 21 June 09
TRANSPORT PROBLEMS HOLD BACK RUSSIAN COAL EXPORTS
Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia's leading coal producers to increase exports quickly to ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
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- Posco Energy - South Korea
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- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
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- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
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- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
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- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
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- Parliament of New Zealand
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- Singapore Mercantile Exchange
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- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- The University of Queensland
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
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- Australian Coal Association
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- CNBM International Corporation - China
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
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- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
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- Latin American Coal - Colombia
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- White Energy Company Limited
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- Toyota Tsusho Corporation, Japan
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