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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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Saturday, 13 June 09
CLEARLY THE DRIVER FOR DRY BULK MARKET SEEMS TO BE IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com (Singapore): The market saw mixed results last week. The beginning of the week saw the indices dropping including the futures , however t ...
Friday, 12 June 09
SOUTH SUMATERA SPEEDS UP INTERNATIONAL HARBOR CONSTRUCTION - TEMPO INTERACTIVE
The South Sumatera Government will speed up construction of the international harbor Tanjung Api-Api. The harbor is a strategic entry point for comm ...
Friday, 12 June 09
CHINA SHENHUA NOT EYEING NEW FOREIGN COAL MINES - MEDIA
China Shenhua Energy Co Ltd , the top Chinese coal miner, will not consider buying any major overseas mines before it starts operating the Watermark ...
Friday, 12 June 09
CHINA TOP POWER COS SIGN REGIONAL COAL DEALS - REUTERS
China's top five power generating groups have signed 2009 coal supply contracts with miners in Guizhou and Xinjiang, with prices up 4 percent on th ...
Friday, 12 June 09
MERCATOR LINES TARGETS 30 MILLION TONNE FROM MOZAMBIQUE COAL MINE - STEEL GURU
India’s second largest private shipping company Mercator Lines has targeted production of 30 million tonnes of coal from its Mozambique mine o ...
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- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
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