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Tuesday, 22 September 09
QINHUANGDAO COAL PRICES SURGE ON STRONG DEMAND


People's Daily Online reported that, Coal prices at Qinhuangdao port, China's largest coal port, witnessed the sharpest increase in the year last week, with steam coal over 5,500 kilocalories rising to 600 yuan per ton on September 18, according to statistics provided by China Coal Trade & Development Association (CCTDA).

Li Zhaolin, an analyst with China Coal Market Web, said that the power plants were striving to increase coal reserve to ensure power supply during the National Day holidays. "Judging from the power generation data in August, downstream demand is increasing," Li said.

Last week, the National Development and Reform Commission (NDRC) urged power plants in Beijing, Tianjin and Tangshan to reserve enough coal to guarantee power supply during the National Day holidays.

According to the CCTDA's latest weekly journal, as power plants in southern China want more coal, stockpile at Qinghuangdao port is decreasing.

By September 19, coal stockpile at Qinghuangdao port was 4.40 million tons, 65,000 tons lower than the previous week. Stockpile at Guangzhou port fell by 190,000 tons to 2.09 million tons.
Source: People's Daily Online



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Friday, 25 September 09
INDONESIA STOCK EXCHANGE EXAMINES BUMI DEAL WITH CHINESE SOVEREIGN WEALTH FUND
The Jakarta globe reported that, The Indonesia Stock Exchange is looking into the $1.9 billion financing deal between PT Bumi Resources, the country ...


Friday, 25 September 09
FREIGHT RATE CUTS MAKING SOUTH AFRICAN COAL MORE COMPETITIVE IN ASIAN MARKETS
Mining Weekly reported that, Coaltrans South Africa MD Gerard Strahan highlighted the country’s sudden increase in coal exports to southern Ch ...


Friday, 25 September 09
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Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used by power stations, will establish its own rail haulage capacit ...


Thursday, 24 September 09
INDIA CEMENT CO'S TO AWARD 200,000T COAL TENDER
Reuters reported that, India's biggest cement maker ACC Cement Ltd and Gujarat Ambuja will award on Thursday Sept 25 a tender for 100,000 tonnes ea ...


Thursday, 24 September 09
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