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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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Saturday, 20 June 09
MINING LICENSE PROCEDURES `PROPER' - (UPDATE 3)
All 13 coal mining firms operating in Sawahlunto, West Sumatra, complied with procedures in obtaining their licenses, authorities say, as a recent m ...
Saturday, 20 June 09
TECK SEES 2009 COAL SALES AT UPPER-END OF FORECAST
* Sees 2009 coal sales at upper-end it of prior forecast
* Says increased Chinese demand, driving brighter outlook
Teck Resources Ltd said on Fr ...
Saturday, 20 June 09
COAL OUTLOOK DARKENS AS PRODUCERS LOOK FOR PRICING FLEXIBILITY
Russia’s coal output has dropped 17% in the first quarter of the year, with slowing demand and rising tariffs adding gloom to the outlook for ...
Saturday, 20 June 09
AUSTRALIA'S NEWCASTLE THERMAL COAL PRICES FALL 7.7% TO $70.81
Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, fell 7.7 percent, declining for the first time since the week e ...
Saturday, 20 June 09
CHINA'S COAL IMPORTS UP AND EXPORTS DOWN
China’s coal import hit a new monthly high in May, while coal export slumped to a 11-year low, China Securities Journal reported today.
The ...
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- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
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- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- White Energy Company Limited
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
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- Madhucon Powers Ltd - India
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- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
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- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
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- Aditya Birla Group - India
- Ministry of Transport, Egypt
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- Indian Energy Exchange, India
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- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
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- Kumho Petrochemical, South Korea
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- Cement Manufacturers Association - India
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- Altura Mining Limited, Indonesia
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- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
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- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Medco Energi Mining Internasional
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- Uttam Galva Steels Limited - India
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- PowerSource Philippines DevCo
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- Formosa Plastics Group - Taiwan
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- The State Trading Corporation of India Ltd
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- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
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- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
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- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
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- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
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- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
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- Kaltim Prima Coal - Indonesia
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- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
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- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
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- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
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- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
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- Trasteel International SA, Italy
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