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Friday, 14 August 09
INDONESIA COAL-PRICES FALL TO $74, INDIA EYES SEPT CARGOES
.jpg) 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 for Indonesia cargoes for delivery in September, traders said. Thermal coal prices on the globalCOAL Newcastle index, a benchmark for Asia, fell $1.57 from the week before to $74.45 a tonne on tepid demand from Asian buyers.
Indonesian bituminous coal of 6,100-6,300 kcal/kg air-dried basis (ADB) was offered at $58 a tonne, FOB mother vessel from South Kalimantan.
Indian buyers have made inquiries for cargoes in September, although demand for Indonesia high-quality coal generally eased, with bigger producers well covered on orders.
"Indian buyers were waiting for some supply orders from the government's tender. Also, there is weather problem too but things will be resolved around October," a regional trader said, referring to the monsoon season which normally runs until September.
Indian state trading entity MMTC, which buys for the majority of state power plants, has put a recent 12.5 million tonne tender on hold and may re-tender after a complaint from a trader.
A 15,000-tonne parcel of Australian coal was traded at $74 a tonne on Tuesday.
* INDONESIAN SUB-BITUMINOUS COAL
Indonesian sub-bituminous coal of 5,100-5,300 kcal/kg ADB was offered at around $36 a tonne, FOB mother vessel from Kalimantan.
Few Chinese buyers were in the market due to ample stocks after they had bought more coal in the first half of this year, an Indonesian dealer said.
But Indian buyers have started looking for cargoes of sub-bituminous coal for delivery in the fourth quarter of this year.
"We receive requests from many Indian traders asking for support letters because they want to participate in the government tenders," said an Indonesian dealer.
"They are looking for shipments in September to end of the year," he said.
Indian demand for Indonesian coal had been slow in the past weeks as buyers prefered cheaper South African cargoes.
In the domestic market, paper and cement firms were in the market for cargoes, although power plants were still struggling to reduce excess stockpiles by asking suppliers to reduce shipment volumes. (Reporting by Fitri Wulandari, Editing by Michael Urquhart)
Source: Reuters
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Monday, 24 August 09
10,000 MW TO BE GENERATED THROUGH THAR COAL RESERVES BY 2020
Four projects of 2450 MW approved; govt to invest Rs80bn in five years on infrastructure
The News Pakistan reported that, The Thar Coal a ...
Monday, 24 August 09
10 LAKH (1 MILLION) TONNE COAL BURNT IN KPT
Times of India reported that, In an unusual phenomenon, 10 lakh tonne coal cache stored at a plot in Kandla Port Trust was reduced to ashes after it ...
Monday, 24 August 09
LANCO IN TALKS FOR INDONESIAN COAL MINE
Economic Times of India reported that, Infrastructure company Lanco Infratech is in advanced talks with Indonesian engineering, procurement and cons ...
Saturday, 22 August 09
'THE BDI IS LIKELY TO BE HOLDING AROUND 2,500 POINTS' - SHIPPING UPDATE
COALspot.com (Singapore): The dry bulk market continued to be soft and the BDI dropped by 10 percent this week and closed at 24,68 points this week. ...
Saturday, 22 August 09
INDIAN COAL BUYERS RE-EMERGE WITH FRESH TENDERS
Reuters world's largest international multimedia news agency reported that,Indian coal end-users have re-emerged after a few weeks with several fre ...
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- Ministry of Transport, Egypt
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- Minerals Council of Australia
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- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
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- Planning Commission, India
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- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
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- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
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- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
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- CIMB Investment Bank - Malaysia
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- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
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- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
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- Parliament of New Zealand
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- Deloitte Consulting - India
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- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- The University of Queensland
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
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- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
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