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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 $1.00 a tonne over the API4 index, buyers said.
Source:Reuters
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Monday, 20 July 09
INDONESIA PRODUCES 72 MILLION MT IN FIRST HALF OF YEAR: OFFICIAL
Indonesia produced 72 million mt of coal in the first half of 2009, or 31.3% of the government’s target this year, a senior government officia ...
Sunday, 19 July 09
JINDAL S&P IN TALKS TO BUY SA COAL MINE FOR RS 350-400 CR (US$ 80 - 90 MILLION)
Economic Times reported that, Naveen Jindal-led Jindal Steel & Power (JSPL) is acquiring a thermal coal mine in South Africa, a top company exec ...
Saturday, 18 July 09
REN POWER CZ COMMISSIONS ANOTHER PHOTOVOLTAIC POWER STATION
COALspot.com (Press Release): REN Power CZ, a company in the Czech Coal Group, has put into operation another photovoltaic power station. The plant ...
Saturday, 18 July 09
THE FUTURE FOR SUPRAMAX FOR NEXT 3 YEARS TILL 2012 WOULD BE AROUND US$ 13,500 PER DAY - CAPT. REDDY
COALspot.com ( Singapore): The market moved up sharply this week , which was quite unexpected.
The BDI was up by 557 which is an increase of 18 ...
Friday, 17 July 09
CHINA COAL-SPOT PRICES EDGE LOWER, SUPPLY APLENTY
China Mining reported that, spot prices in China's top coal shipping port Qinhuangdao edged lower from a week earlier, as supply grew, offsetting t ...
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- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- The Treasury - Australian Government
- PTC India Limited - India
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- The University of Queensland
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- MS Steel International - UAE
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Marubeni Corporation - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
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