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Thursday, 23 July 09
INDONESIA COAL-PRICES CLIMB TO $80, INDIAN DEMAND SLOWS
 Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, jumped to nearly $80 a tonne this week, while Indonesian producers turned to local buyers amid slow overseas demand, particularly from Indian buyers, traders said. Thermal coal prices on the globalCOAL Newcastle weekly index rose $3.41 to $78.87 a tonne, from $75.46 a tonne in previous week, on firm spot demand from South Korea and expectations of lower supply from Australia.
Despite the rising Newcastle index, spot prices for Indonesian bituminous coal were softer as Indian buyers preferred to buy South African coal to take advantage of falling freight rates and cheaper prices.
Indonesian bituminous coal of 6,300 kcal/kg air-dried basis was offered at around $57 a tonne, FOB mother vessel, compared with $60 a tonne early this month.
"For bituminous coal, only South African coal is moving to India, mostly for steel and cement factories," an Indian trader said.
Chinese and South Korean buyers were in the market for Indonesian high-quality coal, providing support, but China was not as aggressive as previous months due to growing local supply grew, another regional trader said.
Plans by Australia Newcastle port, the world's top coal export terminal, to slash export quotas for all producers by 1 million tonnes for the rest of third quarter, have not prompted more enquiries for Indonesian coal, traders said.
A 25,000-tonne parcel of Australian coal was traded at $77 a tonne on Monday for delivery in October while another 25,000 tonne for delivery in August was traded at $80.50 a tonne on Tuesday.
* INDONESIA SUB-BITUMINOUS COAL
Fresh domestic demand from textile and cement factories in Java offered support for Indonesian sub-bituminous as Indian demand slowed.
Indonesian sub-bituminous coal of 5,500 kcal/kg ADB was around $34-$35 a tonne, FOB mother vessel from Kalimantan.
"We haven't received fresh inquiries from Indian buyers but many local buyers asked for an increase in volumes from their existing contracts," an Indonesian trader said.
Aside from local buyers, there were some Chinese buyers that sought to extend spot purchase contracts, the trader said.
Despite lower coal stock levels at power plants, India had slowed buying of Indonesian low-quality coal as traders waited for government tenders and the monsoon disrupted shipments.
"Power plants are in a wait-and-see mode. There are a lot of contracts that need to be renewed," the Indian trader said, adding that traders were waiting for India's government to finalise tenders.
India has said coal stocks with power plans in India halved from normal levels to 11 million tonnes at July 6, with many thermal plants facing uncomfortable supply positions.
India's state-run MMTC which buys coal on behalf of state utilities has said it may re-issue a tender for 12.5 million tonnes of thermal coal after a complaint from a trader.
"Wet weather is also very bad. There are a lot of vessels queueing at discharge ports. So everybody is just waiting," the Indian trader said.
Source: Reuters
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Thursday, 24 September 09
ANGLO EYES DOUBLED METALLURGICAL COAL OUTPUT BY 2018
Mining group Anglo American could double its production of coal used for steel making by 2018 if all of its unapproved projects went ahead, the comp ...
Thursday, 24 September 09
S.KOREA HYUNDAI STEEL TO BUY COAL FROM SIBERIA
Reuters reported that, South Korea's Hyundai Steel said on Wednesday it will buy a maximum of 300,000 tonnes of coal per year from Siberian Anthrac ...
Thursday, 24 September 09
NO IMPORTED COAL-BASED UMPPS: TATA POWER
Will wait until policy environment becomes more favourable.
Business Standard reported that, Tata Power Company (TPC), India’s largest priv ...
Thursday, 24 September 09
BUMI RAISES $1.9 BILLION SELLING DEBT TO CHINA'S CIC
Bloomberg reported that, PT Bumi Resources, Indonesia’s biggest coal producer, said it raised $1.9 billion selling debt to China’s sover ...
Thursday, 24 September 09
MACQUARIE DOWNGRADES U.S. COAL SECTOR TO NEUTRAL
Reuters reported that, Macquarie Research downgraded the U.S. coal sector to "neutral" from "overweight" as it believes that dem ...
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- Siam City Cement - Thailand
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- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
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- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
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- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
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- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
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- Anglo American - United Kingdom
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- White Energy Company Limited
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- Goldman Sachs - Singapore
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- Parry Sugars Refinery, India
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- Coal and Oil Company - UAE
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Economic Council, Georgia
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- Merrill Lynch Commodities Europe
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- Planning Commission, India
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- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
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- Energy Link Ltd, New Zealand
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- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
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- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Wilmar Investment Holdings
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- Bulk Trading Sa - Switzerland
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- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
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- Electricity Authority, New Zealand
- VISA Power Limited - India
- Medco Energi Mining Internasional
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- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- GAC Shipping (India) Pvt Ltd
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- Minerals Council of Australia
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- SMG Consultants - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
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- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
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- Jaiprakash Power Ventures ltd
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- Maharashtra Electricity Regulatory Commission - India
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- Global Green Power PLC Corporation, Philippines
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- Semirara Mining Corp, Philippines
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- Thai Mozambique Logistica
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
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- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
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- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
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- Chamber of Mines of South Africa
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- Attock Cement Pakistan Limited
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- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
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- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
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- Power Finance Corporation Ltd., India
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