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Monday, 27 July 09
INDIA PAYING HIGHEST PRICE FOR S.AFRICA COAL - PRODUCERS
 * Spread between South African and Pacific origin coal very wide
* Lack of European buying makes India indicator of value
Reuters reported that, the Indian market is paying the highest prices at present for South African spot coal, South African coal producers and traders said.
The spread between South African and Pacific origin coal has become extremely wide. Australian coal is around $18.00 a tonne more expensive for Q4 and Indonesian several dollars higher.
Even at a premium over the published index, South African coal is the cheapest option not just for India but also Asia.
Indian traders who account for the bulk of the country's spot imports said they were paying prices ranging from flat to the API4 index to premiums of up to $1.00 for South African coal for shipment during the balance of this year.
India, like China, is a price-driven market. Buyers will switch rapidly to whatever coal origin is most economic and use creative blending to obtain the qualities they need.
Outside of India it would not be possible to sell spot South African coal at a premium given the lack of demand elsewhere, traders and producers said.
The API4 index is a weekly-set published assessment of spot physical prices for FOB Richards Bay coal cargoes. API4 coal swaps are settled against it and monthly API4 index prices are used widely as the basis of contracts.
Buying or selling coal against the indexes allows companies to manage their price risk by using swaps.
Indian buyers have become increasingly adept at buying index-linked coal and using hedging tools.
SOUND INDICATOR
Given the lack of European spot buying, during the past few months the prices paid by India have become a sound indicator of market value.
India is taking an increasing share of South Africa's coal exports to fill the gap between domestic coal supply and demand.
Between January-June this year India took nearly 9 million tonnes of South Africa's 28 million tonnes of exports, compensating for sharply falling demand from Europe, historically South Africa's key export market.
"For us it's merely a question of who's paying the best prices and without a doubt, it's India. The choice isn't difficult between selling at a discount to Europe or a premium to India," said one major South African producer and exporter.
Producers and traders have for years charged slightly higher prices to some Indian buyers to reflect increased credit risk. But even taking risk into account, Indian buyers are prepared to pay more than their European counterparts, sellers said.
"We'd obviously like to buy at a discount to the index and have managed to from time to time but the majority of our buying has been flat to index and now sellers of even lower quality coal are asking for $1.00 above API4," one Indian coal importer said.
Even Kangra coal of less than standard RB1 quality is being offered at a premium of $1.00 a tonne over the API4 index, buyers said.
Source:Reuters
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Tuesday, 21 July 09
FIRST QUARTER COAL MARKET AND EURACOAL'S OUTLOOK FOR THE FUTURE
Euracoal reports that for the first time in many years, the world market for hard coal fell by some 8 % during the first quarter 2009. This latest E ...
Monday, 20 July 09
CHINAS COAL DEMAND, OUTPUT TO PICK UP IN H2 - GROUP 2
Financial24 reported that, China's coal demand is expected to gradually pick up in the second half of the year, and coal output will likely grow fa ...
Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering ...
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months a ...
Monday, 20 July 09
CHINA COAL PRODUCES 52.7 MLN TONNES OF COAL IN 1H, UP 5.4 PCT
China Mining reported that, China Coal Energy Co., the country's second largest coal producer, said Saturday that it produced 52.67 million tonnes ...
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- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- CNBM International Corporation - China
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- The University of Queensland
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- PTC India Limited - India
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
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