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Thursday, 06 August 09
CHINA JULY COAL IMPORTS AT 9.5 MLN T, DEMAND FIRM
 * Coal imports at key ports in July 2.8 times year-ago levels
* July coal imports down nearly 40 percent from June
* China still buying overseas coal, mostly low-grade material
Alibaba reported that, China's coal imports in July fell nearly 40 percent from June's all-time high to around 9.5 million tonnes but were still the second-highest on record.
With Chinese buyers still actively buying low-grade thermal coal from Indonesia and coking coal from Australia, analysts and trade sources say Chinese imports could well stay high at least until September.
But buoyant imports from the world's largest coal producer and consumer may offer little lift to regional prices this time around, as rising production in China is expected put downward pressure on domestic prices, which would in turn cap overseas miners' offer prices.
China's coal imports that arrived at key ports in July were 2.8 times year-earlier levels, the Ministry of Transport said on its website (www.moc.gov.cn).
Since most of China's coal imports are seaborne, July's coal imports would be around 9.5 million tonnes, based on Reuters calculations.
"We've started to see renewed interest from the Chinese in recent weeks, especially for the low-rank coal, and many of them are keen to extend the supply contracts that have expired," said a source from a major Indonesian producer that has about 6-8 million tonnes of thermal coal into China in the first half of 2009.
"They are also scouting for bituminous coal, but the gap between their asking price and seller's offer price is too wide for any deals to get done."
In Australia, several large producers say enquiries for thermal coal have slowed to a trickle since mid-June, after a surge in freight and coal prices eroded the discount Australian supplies offered compared with domestic coal. Demand for coking coal, however, has remained strong.
"Previously the Chinese were re-stocking but now, they are buying because the steelmills have stepped up on production," said an Australian producer source.
For thermal coal, trade sources say China's ceiling price for imported coal is about $55 a tonne on a landed basis, based on coal with heating value of 4,800 kcal/kg (NAR), and buyers are willing to pay only about $75 on a C&F basis for bituminous coal, for coal with heating value of 6,322 kcal/kg (GAR).
Overall coal arrivals at the ports jumped 12.6 percent to 48 million tonnes. Domestic coal arrivals still fell from year-ago levels, albeit at a lower pace, the ministry said, without giving details.
ABSORBING INDONESIA'S EXCESS
Part of the reason why China is again able to book fresh tonnage from Indonesia at low prices stems from a recent build in coal stocks, which is prompting miners to sell coal at low margins.
An easing in freight rates over the past couple of weeks has also made imported coal from Indonesia more competitive. Freight rates from Indonesia's Kalimantan to ports in southern China are hovering between $10 and $11 a tonne.
A slowdown in demand from Japanese buyers for high quality coal, combined with strength in Chinese buying over the April-May period had prompted several key producers to adjust their production mix to focus on sub-bituminous material.
But a slowdown in Chinese orders in June after a jump in freight rates, combined with better-than-expected production levels due to a long dry season, means producers are facing rising stockpiles and a limited sales market.
"There is a lot excess capacity and producers are now willing to sell at very low margins just to keep the cash flow going," said an Indonesian producer.
Source: Alibaba
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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 ...
Sunday, 26 July 09
CESC PLANS 2000 MW POWER PLANT IN BIHAR
Jai Bihar reported that, RPG flagship company CESC Ltd on Friday unveiled its plan to set up a 2,000 MW power generation plant at Pirpainti near Bha ...
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- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
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- Siam City Cement - Thailand
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- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- PTC India Limited - India
- Global Business Power Corporation, Philippines
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- Coal and Oil Company - UAE
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- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- The University of Queensland
- Thiess Contractors Indonesia
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- Mercuria Energy - Indonesia
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- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
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- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- MS Steel International - UAE
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
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- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
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