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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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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 four ...
Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...
Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
Tuesday, 08 September 09
INDIA MAY HAVE A JOINT WORKING GROUP FOR COAL WITH INDONESIA: SRIPRAKASH JAISWAL - PRESS RELEASE
Press Information Bureau of India reported in its web site that, The Coal Ministry has, in principle, agreed to set up a Joint Working Group for coa ...
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- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- MS Steel International - UAE
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Australian Coal Association
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- ASAPP Information Group - India
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