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Friday, 24 July 09
INDIA TAKES 9 MILLION TONNES S. AFRICAN COAL JAN - JUNE
 Reuters reported that, India accounted for nearly 9 million tonnes of South Africa's January-June exports of around 28 million tonnes, industry sources said on Thursday.
An average of 30 percent of South Africa's coal exports have been absorbed by India so far this year. This marks a significant shift from two years ago before Indian demand began booming when almost all South African coal went to Europe.
If the current strong pace of demand continues, India could import 18 million tonnes from South Africa in 2009, up from around 10 million in 2008, industry sources said.
"There is potential that (South Africa) will export a lot more into India this year than last year ... there are good signs from India and there is more appetite," said Anglo Coal South Africa Chief Executive Officer Ben Magara last week.
India is a totally price-driven market, Indian traders and South African coal suppliers said on Thursday. End-users buy whatever coal is cheapest on a delivered basis.
"Indonesian coal is too expensive now. The sellers want the same price as Newcastle coal - over $70.00 for good quality material. South African is definitely preferred at present," one major Indian coal importer said.
In comparison, prompt South African coal cargoes are trading at around $62.00 a tonne FOB Richards Bay.
India's burgeoning power generation need is mostly coal-fuelled and reliant upon low-quality Indonesian imports.
Indian cement makers and sponge iron producers prefer South African coal for its quality but will turn to the cheapest origin at any given time for spot buying.
At the beginning of the year India's demand for South African coal was forecast to rise to 12 million tonnes from 10 million last year to supply cement and sponge iron producers.
But if Indonesian coal continues to trade at a much higher price than South African the demand will be substantially higher for South African than previously thought.
THE GROWTH MARKET
"If you look at the vessels which have been arriving at Richards Bay in recent months, a large proportion of them are the 50,000 tonne handymaxes used by the Indian market," one industry source said.
"Indian imports could be double this year. India is the growth market," he added.
South African coal exports to Northwest Europe have been falling in recent months, coal terminal sources in Amsterdam and Rotterdam said on Wednesday.
Shipments to Amsterdam-Rotterdam-Antwerp were less than 6 million tonnes in Jan-June this year, industry sources said.
Coal stocks in ARA are close to capacity due to falling industrial power demand and extremely heavy utility stock-building in Q2.
Without the unprecedented Indian demand, South African coal producers would have struggled to place unsold spot tonnages in the European market.
Indian demand has kept South African FOB Richards Bay prices at close to parity with the price of coal cargoes delivered into Europe during the past few months.
Source: Reuters
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Wednesday, 22 July 09
TAIPOWER RECEIVES 37 OFFERS IN TENDERS
State utility Taiwan Power has received offers for 37 panamax cargoes of bituminous and sub-bituminous coal in two tenders involving 12 panamax ship ...
Wednesday, 22 July 09
PRIME MINISTER APPROVAL SOUGHT TO HIKE COAL PRICES IN INDIA
PTI reported that decrying the low prices of the industrial fuel, the coal ministry will approach Dr Manmohan Singh PM of India next month for raisi ...
Tuesday, 21 July 09
BHATIA SAYS GETS ORDER FOR 800,000T COAL FROM KPCL
Reuters reported that, Indian traders Bhatia received on Tuesday a purchase order for 800,000 tonnes thermal coal at $63.00 C&F from Karnataka P ...
Tuesday, 21 July 09
NZ'S PIKE RIVER SAYS SELLS COAL AT $128 PER TONNE
Reuters reported that, New Zealand miner Pike River Coal said on Tuesday it had sold its premium hard coking coal at $128 a tonne for the curr ...
Tuesday, 21 July 09
NEWCASTLE COAL EXPORTS FALL 5%, SHIP QUEUE INCREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 5 per ...
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- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- London Commodity Brokers - England
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- The University of Queensland
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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