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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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Monday, 27 July 09
ADANI POWER'S $625 MILLION IPO TO GENERATE HOT DEMAND
WSJ reported that, Adani Power, the electricity generating unit of India's Adani Enterprises Ltd., is set raise up to US$625 million in wha ...
Monday, 27 July 09
MIDDLE EAST COAL TO MOVE ON $1B EAST KALIMANTAN PROJECT
The Jakarta globe reported that, Middle East Coal reiterated on Monday that it would push ahead its $1 billion development program for East Kutai Re ...
Monday, 27 July 09
SHORT AND ONE YEAR PERIOD RATES FOR SUPRAMAX WAS FIRM AT AROUND US$ 18, 000 -18,500 PER DAY
COALspot.com (Singapore): The Supramax charter rates up sharply last week (ended 24th July 2009), especially India / Far East region said, Capt ...
Monday, 27 July 09
COKING COAL, IRON-ORE LIKELY TO BENEFIT NON-INTEGRATED STEEL PRODUCERS
Economictimes reported that, The second half of the financial year 2008-09 was one of the toughest periods for steel companies, especially the non-i ...
Monday, 27 July 09
GMR ENERGY BUYS EMCO POWERGEN SUBSIDIARY
DNA India reported that, Thane-based transformer manufacturer Emco Ltd has sold its stake in unlisted power generation subsidiary Emco Energy to Ban ...
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- Global Business Power Corporation, Philippines
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- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
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- Billiton Holdings Pty Ltd - Australia
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- Gujarat Mineral Development Corp Ltd - India
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- Lanco Infratech Ltd - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
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- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
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- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
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- Aditya Birla Group - India
- Videocon Industries ltd - India
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- Directorate General of MIneral and Coal - Indonesia
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- OPG Power Generation Pvt Ltd - India
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- Indo Tambangraya Megah - Indonesia
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- Australian Coal Association
- Anglo American - United Kingdom
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- Singapore Mercantile Exchange
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- Thai Mozambique Logistica
- Indian Oil Corporation Limited
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- Heidelberg Cement - Germany
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- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
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- PowerSource Philippines DevCo
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- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
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- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
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- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
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- Bulk Trading Sa - Switzerland
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- Banpu Public Company Limited - Thailand
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- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
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- Renaissance Capital - South Africa
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- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
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- White Energy Company Limited
- Romanian Commodities Exchange
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- Economic Council, Georgia
- Electricity Authority, New Zealand
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- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
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