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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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- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
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