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Friday, 07 August 09
COAL-PRICE FORECAST RAISED AT MERRILL ON CHINA, INDIA DEMAND
Bloomberg reported that, Bank of America Corp.’s Merrill Lynch & Co. unit increased its price forecast for Asian power-station coal because of higher demand from India and China, the second-largest energy-consuming nation.
Merrill raised its projection for the benchmark coal burned by Japanese utilities in the year ending March 31, 2011, to $85 a metric ton from $80, analysts wrote in a note to clients dated yesterday. Goldman Sachs JBWere Pty. last month increased its forecast to $80 from $75 for the same period.
“Surprise strong buying by utilities in India and China” is driving thermal coal demand, Merrill analysts led by Sydney- based Stuart Howe said in the note. Prices at Australia’s Newcastle port, an Asian benchmark, have climbed 27 percent since the end of March and were at $76.58 a ton in the week ended July 31, according to the globalCOAL NEWC Index.
Power-station coal prices at Newcastle are rising on expectations that China will import more of the fuel, emerging demand growth in India, and improved economic conditions as credit markets recover, Merrill said.
Australian and Indonesian coal output have the biggest influence over the trade supply outlook, Merrill said. Rising production costs, declining exploration and development success, and rain in Indonesia suggest “supply growth is now limited,” Merrill said.
Source: Bloomberg
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Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
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 auth ...
Thursday, 06 August 09
RICHARDS BAY COAL SHIPMENTS FELL 3% ON YEAR IN JULY
Bloomberg reported that, Richards Bay Coal Terminal, Africa’s largest coal-export facility, exported 3 percent less of the fuel in July than i ...
Thursday, 06 August 09
NTPC LOOKS TO BYPASS STATE TRADING FIRMS ON COAL IMPORT
A reduced coal import bill for NTPC could lead to lower power tariffs
Live mint.com reported that, India’s largest power generation utility ...
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 c ...
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- Thai Mozambique Logistica
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- Sree Jayajothi Cements Limited - India
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- PetroVietnam Power Coal Import and Supply Company
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- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
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- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
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- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
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- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
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- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
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- Goldman Sachs - Singapore
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- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
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- White Energy Company Limited
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- Chettinad Cement Corporation Ltd - India
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- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
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- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
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- Wilmar Investment Holdings
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- Ministry of Transport, Egypt
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- Coal and Oil Company - UAE
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- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
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- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
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- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Australian Coal Association
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
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- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Tamil Nadu electricity Board
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- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Planning Commission, India
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
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- Indonesian Coal Mining Association
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- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
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