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Friday, 07 August 09
CHINESE DEMAND FOR FOREIGN COAL SOARS
 Mining Weekly reported that, Chinese coal imports rocketed by 126,3%, year-on-year, in the first half of this year, the country’s customs authorities have revealed. In quantitative terms, the first semester’s coal imports amounted to 48,3-million tons, despite the fact that China is the world’s biggest coal producer.
According to a separate report, from Reuters, between 140 000 t and 150 000 t of the coal imported by China came from South Africa. Total South African coal exports to Asia (excluding India and Pakistan) in the six months to June were some 1,4-million tons, which represented a minor increase over 2008 levels. It is, however, forecast that South African coal exports to Asia will amount to about three-million tons for 2009, a significant increase from last year’s figure of around two-million tons.
The Asian market, in general, is reported to be extremely price sensitive, which is why coal from relatively distant South Africa is rarely competitive in the region. On the other hand, South African coal is extremely competi- tive in the nearby Indian market, and exports to that country have shot up. South African coal is increasingly becoming the preferred option in the Indian market.
Indeed, it is believed that price is the driving force behind China’s rapidly increasing coal imports. Many Chinese collieries are high-cost producers, and consumers of the energy mineral are finding it cheaper to import coal from Indonesia, Australia, Vietnam and even Russia, than to buy it locally.
The China Mining Association reports that the Chinese government’s four-trillion-yuan stimulus package started having an impact during the first half of the year. One result is that coal prices in that country are steadily increasing owing to increased demand from the electricity generation, cement, chemicals and steel industries, as well as the market’s inflationary expectations.
China International Capital Corporation has increased its forecast for the growth in Chinese coal consumption this year from 1,3% to 3,7%, and for next year from 3,2% to 5,3%. Despite the increase in imports, analysts at Chinese brokerage Galaxy Securities report that the country’s two top coal-miners, China Shenhua Energy and China Coal Energy, were able to nego- tiate 10% increases in their contract prices for coal, while a third company, Yanzhou Coal Mining, achieved a 4% increase. Galaxy Securities foresees a growth rate of between 4% and 10% in contract coal prices this year.
The China Mining Association reports that, in the first ten days of July, China’s electricity generation amounted to 83,08-billion kilowatt hours, which was almost the same for the corresponding period last year and was a 9,9% increase month-on-month. During the first 15 days of July, the Chinese power sector consumed 30,47-million tons of coal, an almost 17% increase month-on-month.
For the period January to May, Chinese cement production was 570-million tons, a year-on-year increase of 13,3%, with a growth rate of 4,3%. Demand for cement is expected to grow during the next three months, partly thanks to the Chinese government’s stimulus package. The other reason is the fact that this is the traditional peak cement consumption season. In addition, there is some recovery in the property sector.
Recovery in parts of the chemicals sector has been much weaker, and demand in some downstream industries remains weak.
Source: Mining Weekly
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Monday, 17 August 09
COAL IMPORTS SURGE IN H1
China is one of the world's leading coal producers. But even so, imports of coal have surged in the first half of the year, hitting a record in Jun ...
Monday, 17 August 09
CHINESE COAL PURCHASE COULD START A TREND
ABC Rural reported that, The takeover of a major Australian coal mining company by Chinese-owned Yanzhou has raised fears coal markets could be domi ...
Saturday, 15 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The dry bulk market continued to be soft in the beginning of the week, however towards to end of the week the BDI recovere ...
Friday, 14 August 09
ASIA GREEN TO SELL MORE COAL
I Stock Analyst reported that, Asia Green Energy Plc (AGE) aims to increase its coal sales by 20 percent to 1 million tonnes this year, given the gl ...
Friday, 14 August 09
INDONESIA COAL-PRICES FALL TO $74, INDIA EYES SEPT CARGOES
Reuters reported that, Prices of power-station coal from Australia fell to around $74 a tonne as demand eased, while Indian buyers started to look f ...
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- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
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