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Friday, 18 September 09
COKING COAL SUPPLY TO FALL 3 MILLION TONS IN CHINA ON SHUTDOWN
 Bloomberg reported that, Coking coal supply in China, the largest consumer, may fall by 3 million metric tons a month after a mine accident this month prompted the government to close unregulated pits, Everbright Securities Co. said.
The supply cut, equal to 5 percent of the country’s monthly consumption, may raise Chinese prices by 8.2 percent, or 100 yuan a ton, analyst Jiang Jianjun said by phone from Shanghai. Coking coal is used to make steel.
The Sept. 8 gas explosion at the Pingdingshan coal mine forced the Chinese government to halt production at all the city’s 157 mines, cutting coal output in the Henan province by as much as 17 percent, the official Xinhua News Agency said then. The closure may benefit larger listed coal producers, Jiang said.
“Mine closures in Pingdingshan may last two months and also spur a nationwide campaign to shut small pits,” he said. The city may reduce coking coal supply by 700,000 tons a month, he said.
Shanxi Xishan Coal & Electricity Power Co., the nation’s biggest listed coking coal producer, fell 1.2 percent to 35.24 yuan at 2 p.m. in Shanghai trading. The stock has gained 15 percent since the explosion. Pingdingshan Tianan Coal Mining Co., up 7.3 percent since the accident, dropped 2.3 percent.
China, the world’s largest steelmaker, would be demanding more high quality hard coking coal in the future as it expands mills, BHP Billiton Ltd. said today in a slide presentation. The Asian nation this year “emerged” to fill a demand gap for coking coal, the world’s largest mining company said.
Higher Prices
The mine accident killed at least 54 people. Coal mines killed 3,770 workers in China in 2007, making them the world’s deadliest. China produced 705.1 million tons of coking coal last year, according to Beijing Antaike Information Development Co.
Small mines contribute to a “big portion” of China’s coking coal production, Everbright’s Jiang said. In Shanxi, the nation’s biggest coal-making province, medium-to-small mines account for 60 percent of the output, he said.
China boosted steel production 22 percent to a record 52.3 million tons in August, the fourth straight monthly gain, as the government’s $586 billion stimulus spending spurred domestic demand from automakers and builders.
Coking coal prices have risen 6.1 percent since May to 1,220 yuan a ton in Pingdingshan, according to industry researcher Steelhome.
Prices of imports bought by Jiangsu Shagang Group Co., China’s fifth-largest steelmaker, were 1,500 yuan a ton in August, Jiang said, without giving comparisons. The imported coal is of better quality than the average output from Pingdingshan, he said.
Source: Bloomberg
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Tuesday, 22 September 09
SHORT PERIOD RATE FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI just dropping by about 5 pct to 2,356 points last week. The change ...
Tuesday, 22 September 09
AUSTRALIA SEES HIGHER ASIAN THERMAL COAL IMPORTS
* Asia '09 imports to rise 3.5%, vs pvs f'cast of 3.3% fall
* Asia 2010 thermal coal imports expected to rise 6.3 pct
* China to become net im ...
Tuesday, 22 September 09
PANAMA CANAL EXPANSION MAY AID COLOMBIA COAL TO ASIA
* Colombia producers hope for growth in Asia shipments
* Panama Canal will allow smaller coal Capesize vessels
* Australia, Indonesia to remain bi ...
Monday, 21 September 09
ACCC SET TO APPROVE NEWCASTLE COAL SHIPPING AGREEMENT
ABC reported that, The competition regulator says it is likely to approve a new agreement over coal loading arrangements at Newcastle.
Australian ...
Friday, 18 September 09
PEABODY ENERGY ESTABLISHES ASIAN COAL TRADING HUB IN SINGAPORE
Peabody Energy announced it has opened an office in Singapore that will serve as the new hub for Peabody COALTRADE International activities in South ...
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- Gujarat Electricity Regulatory Commission - India
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- MS Steel International - UAE
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
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- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Directorate General of MIneral and Coal - Indonesia
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- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
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- Energy Link Ltd, New Zealand
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- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
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- Baramulti Group, Indonesia
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- Renaissance Capital - South Africa
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- Australian Coal Association
- Romanian Commodities Exchange
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- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
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- Indonesian Coal Mining Association
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- Antam Resourcindo - Indonesia
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- Orica Mining Services - Indonesia
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- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Economic Council, Georgia
- Star Paper Mills Limited - India
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- Minerals Council of Australia
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- Asmin Koalindo Tuhup - Indonesia
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- OPG Power Generation Pvt Ltd - India
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- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
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- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
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- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- PTC India Limited - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Deloitte Consulting - India
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- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
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- CNBM International Corporation - China
- Edison Trading Spa - Italy
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- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- The University of Queensland
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- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
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- Siam City Cement PLC, Thailand
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- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
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