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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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Saturday, 04 July 09
S. AFRICA'S RICHARDS BAY TO CAP NEW COAL VOLUMES, MININGMX SAYS
South Africa’s Richards Bay Coal Terminal is proposing restrictions on the quotas it awards to coal exporters from the so-called Phase 5 expansi ...
Saturday, 04 July 09
DALRYMPLE BAY COAL TERMINAL EXPANSION COMPLETE
BABCOCK & Brown Infrastructure has completed expansion of the Dalrymple Bay Coal Terminal (DBCT) near Mackay, Queensland.
The terminal is now ...
Friday, 03 July 09
CHINA SHENHUA TO DOUBLE COAL CAPACITY BY 2014-PAPER
China Shenhua Energy Co Ltd plans to double its annual coal production capacity by 2014 from this year's level, the China Securities Journal report ...
Friday, 03 July 09
UKRAINE CUTS COAL PRODUCTION 9.3 PERCENT IN H1
Ukraine reduced coal production approximately 9.3%, or by 3.673 million tonnes, to 35.879 million tonnes in the first half of 2009 compared to the s ...
Thursday, 02 July 09
PETCOKE BOOMS AS CEMENT MAKERS TRY TO REPLACE COAL
* Cement makers led by Asia chase petcoke to replace coal
* Petcoke prices up $10/T Feb-Jun, set to rise further
* Domestic U.S. petcoke demand ma ...
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- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- The University of Queensland
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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