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Friday, 11 September 09
INDONESIA COAL-PRICES AT $66, SUPPLIERS OFFER AT BARGAIN PRICES
 Some Indonesian producers were rushing to sell coal at bargain prices to ease excess stocks and catch shipments before the Muslim Eid Al-Fitr festival which could depress prices.
A deluge of supply from Indonesia amid weak demand has sent prices of power-station coal from Australia to 3 1/2-months low.
Thermal coal prices on the globalCOAL Newcastle weekly index, a benchmark for Asia, edged down $0.67 from the previous week to $66.46 a tonne on Wednesday on plentiful coal supply from Indonesia, amid a seasonally low demand period.
Indonesian bituminous coal with a heating value of 6,300 kcal/kg air-dried basis was offered at around $60 a tonne, FOB vessel, and around $55 for FOB barge basis, roughly unchanged from last week.
"Demand is still there, but not much," a regional trader said.
But traders saw demand from China and from other Southeast Asian countries such as Thailand picking up amid a drop in coal prices.
"China is scouting for bituminous coal with heating value above 6,100 kcal/kg as prices are already low now," said an Indonesian trader with a small mine in East Kalimantan in Borneo island, producing about 200,000 tonnes a month.
"We were approached to supply 70,000 tonnes a month to a new Chinese buyer," he said, adding that Chinese buyers are looking for shipment from October onwards.
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.
There were no physical trades for Newcastle coal registered at the globalCOAL platform this week.
* INDONESIAN SUB-BITUMINOUS
Indonesian sub-bituminous coal with a heating value of 5,300-5,500 kcal/kg (ADB) was offered at around $32 a tonne, FOB vessel for prompt shipment.
Indonesian producers were rushing to offer their sub-bituminous coal to ease stocks as production was piling up due to good weather and slow domestic demand.
"There has been no rain in Kalimantan for the past weeks. Normally, rains have started at this time of year. This (dry period) allows miners to boost production," another Indonesian trader said.
People are also selling off their coal to ease stock before the Eid Al-Fitr holiday to avoid the risk of fire from self-igniting coal, which often occurs, traders said. Many Indonesian offices will be closed from Sept. 18-23 for the holiday.
But plentiful sub-bituminous coal coal supply amid slow demand has put pressure on spot prices, with buyers able to buy the fuel at below $30 for coal of 5,500 kcal/kg, traders said.
"Buyers have plenty of choice now. I would sell at a bargain if there were any buyers that are interested in prompt shipment," the first Indonesian trader said.
A drop in prices has lured Chinese buyers to buy Indonesia's cargoes, the first Indonesian said, adding it has received a request to supply 60,000 tonnes a month of coal of 5,000 kcal/kg gross as-received to a Chinese buyer.
Meanwhile, Indian buyers had approached Indonesian suppliers for supply commitment to join a government tender.
Source: Alibaba
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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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- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
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- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
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- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
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- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
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- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
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- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
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- Star Paper Mills Limited - India
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Planning Commission, India
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
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