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Tuesday, 22 September 09
ASIA COAL-PRICES TOPS $70 AS TRADERS SEEK BARGAINS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, rose for the second week to top $70 a tonne this week, clawing back some of the month's earlier losses, amid increased buying.
Industry sources said traders have resurfaced after prices dropped to their weakest level in 3-½ months, and the buyers were likely hoping that the cargoes could be resold at a higher price in the coming months amid stronger winter demand and tight Australian supplies.
Thermal coal prices on the globalCOAL Newcastle weekly index, a benchmark for Asia, rose $3.30 last week to $70.18 a tonne on Tuesday, based on FOB prices at Australia's Newcastle port.
"Traders are hoping some utilities would be caught short over the coming winter months. Supplies could be tight then since most Australian producers have also sold out their coal for the fourth quarter and Indonesia typically enters the rainy season," said an Australia-based trader.
Three parcels of Australian coal for December delivery were traded at between $71.75-$72.25 a tonne FOB last week on electronic platform globalCOAL, while two more parcels for November delivery were traded at $69 and $70 a tonne each on Monday.
Analysts said Asian prices were also being supported by firm thermal coal prices in China, which would encourage Chinese utilities to seek cheaper supplies overseas.
"China domestic coal prices have held up around $85 per tonne for the past three months, suggesting lower prices are unsustainable for local suppliers and have encouraged imports," the Australia & New Zealand Bank said in a note.
China's coal imports fell to 11.774 million tonnes in August, down 15 percent from 13.887 million tonnes in July, the General Administration of Customs said on Tuesday.
Source: Reuters
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Saturday, 12 September 09
$1.5B KALIMANTAN COAL RAIL TENDER EXPECTED BY YEAR-END
The Jakarta Globe reported that, In the second announcement on major coal-railway projects in as many days, Central Kalimantan’s top official ...
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 festiv ...
Friday, 11 September 09
ALPHA NATURAL EXPECTS HIGHER MET, STEAM COAL PRICES IN 2010
Mining Weekly reported that, There are encouraging signs that metallurgical coal demand in most key global markets is either returning or poised to ...
Friday, 11 September 09
POWER SECTOR'S DEPENDENCE ON COAL TO CONTINUE
The power sector will continue to be largely dependant on coal-based thermal power plants to meet its energy needs for the next 15-20 years, Power S ...
Friday, 11 September 09
L&T EYES AUSSIE COAL MINE
Commodity Online reported that, Larsen and Toubro is in talks to buy a thermal coal mine in Australia for about $300 million. Thermal coal is used f ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- The University of Queensland
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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