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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 $11 a tonne.
A slowdown in demand from Japanese buyers for high quality coal, combined with strength in Chinese buying over the April-May period had prompted several key producers to adjust their production mix to focus on sub-bituminous material.
But a slowdown in Chinese orders in June after a jump in freight rates, combined with better-than-expected production levels due to a long dry season, means producers are facing rising stockpiles and a limited sales market.
"There is a lot excess capacity and producers are now willing to sell at very low margins just to keep the cash flow going," said an Indonesian producer.
Source: Alibaba
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Friday, 24 July 09
INDIA TAKES 9 MILLION TONNES S. AFRICAN COAL JAN - JUNE
Reuters reported that, India accounted for nearly 9 million tonnes of South Africa's January-June exports of around 28 million tonnes, industry sour ...
Thursday, 23 July 09
KOMIPO LAUNCHES TWO COAL TENDERS
Korea Midland Power on Wednesday launched two tenders to procure bituminous or semi-anthracite coal for August to September delivery. Bids close on J ...
Thursday, 23 July 09
GUANGDONG BUYERS SET TO IMPORT 2.3 MILLION MT FROM VIETNAM - MEDIA
Several coal-consuming companies in China’s Guangdong Province, headed by Guangdong Yudean Group (Guangdong Power Generation Group), have inke ...
Thursday, 23 July 09
KEPCO BUYS 1.5% STAKE IN ADARO ENERGY FOR US$ 56.5M
WSJ reported that, state-run utility Korea Electric Power Corp., or Kepco, Thursday said it has acquired a 1.5% stake in Indonesian coal miner, PT A ...
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 Indonesi ...
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- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Planning Commission, India
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- The University of Queensland
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
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