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Wednesday, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
 After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the fourth quarter amid a drop in coal prices, industry sources said.
Some analysts said China's demand for imported coal could increase further in coming months, as a recent wave of coal mine closures triggered by a mine explosion could raise domestic coal prices, making imports more attractive.
Australian producers said Chinese buyers were mostly seeking off-specification coal, with high heating value and ash content, for delivery through the rest of the year, while some buyers were also keen to book in shipments for delivery in early 2010.
However, at least three Australian producers said they had little of this high ash coal available to sell, after having sold large amounts of this type of coal to China over the second quarter.
"The economics look like the Chinese are now in favour of Australian coal, and there is also a notable pickup in enquiries from them on the back of freight easing and lower coal prices," a marketing executive at a large local coal mining firm said.
"But there's not much of those coal grades available now. And given the export constraints, producers would rather keep some spare tonnage as we head into winter months in the northern hemisphere, when prices are expected to go higher."
Australia's thermal coal prices on the globalCOAL Newcastle weekly index have fallen about 13 per cent since August to hover near a three and a half month low around $U66 a tonne, based on free-on-board (FOB) prices at the Newcastle port.
The globalCOAL benchmark price is based on coal with a heating value of 6,322 kcal/kg (GAR) and a maximum ash content of 15 per cent.
But high ash coal that the Chinese typically buy is much cheaper.
Some producers offer coal with 20 per cent ash content as low as about $US61, which takes its landed price into China to between $US90 and $US93 a tonne - compared with a domestic landed cost of around $US97 a tonne for coal with a heating value of 5,800 kcal/kg (NAR).
Analysts said Asian coal prices were poised for a rebound on the back of rising Chinese imports.
"Seaborne thermal coal prices may receive support in coming months following the closure of hundreds of small Chinese coal mines due to an accident," commodities analyst at the Commonwealth Bank of Australia David Moore said in a note.
In Indonesia, the world's largest exporter of thermal coal, producers and traders said China's renewed interest in imports had helped to soak up the market's excess supplies.
A surprising spell of dry weather, along with a drop in domestic coal demand, has resulted in a deluge of Indonesian coal and prompted producers in recent months to sell their supplies at very low margins amid stiff competition and tepid demand.
"Demand from Cina has improved over the past few weeks and that's helping to inject life into a market that would otherwise be struggling very hard to get by," one Indonesian producer said.
"The Chinese are also driving a hard bargain, but we're happy as long as we're able to sell the extra tonnes."
Another Indonesian producer said the firm had sold about 200,000 tonnes of sub-bituminous coal into China over the past month, with prices fixed at around $US45.50 a tonne FOB, based on coal with a heating value of 4,700 kcal/kg (NAR) and a maximum of five per cent ash.
In related news, The City of Pingdingshan in central China's Henan Province has ordered all 157 coal mine shafts within its district to close, after a mine explosion killed 35 people, Xinhua News Agency reported.
Source: Business Spectator
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Wednesday, 16 September 09
S. LANKA, INDIA'S NTPC TO SIGN $500 MLN COAL DEAL
Reuters reported that, Sri Lanka is to sign a commercial agreement with India's National Thermal Power Corporation (NTPC.BO) to build a $500 millio ...
Wednesday, 16 September 09
NAPOCOR GETS 3 OFFERS IN COAL TENDER
ABS-CBN news reported that, The Philippines' state-run National Power Corp. (Napocor) said on Wednesday it received offers from 3 Indonesian firms ...
Wednesday, 16 September 09
S.KOREA KOSEP BUYS 1.06 MLN T COAL-SOURCE
* 6,080 kcal/kg at $63-65, 4,900-5,350 kcal/kg at $56-58
* Initially about 5 mln T offered for tender
Reuters reported that, Korea South ...
Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS
Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.9 ...
Monday, 14 September 09
CIL MAY REDUCE FLOOR PRICE OF E-AUCTION COAL
After receiving a lukewarm response to the forward e-auction started in two of its subsidiaries, Coal India Limited (CIL) is mulling to reduce the f ...
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- Sical Logistics Limited - India
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- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
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- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
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- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
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- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Economic Council, Georgia
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
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- Vedanta Resources Plc - India
- Bhatia International Limited - India
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- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
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- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
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- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
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- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
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- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
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- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Aditya Birla Group - India
- PTC India Limited - India
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
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- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
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- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
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- Sree Jayajothi Cements Limited - India
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- Africa Commodities Group - South Africa
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