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Tuesday, 06 October 09
ASIA COAL-PRICE REBOUND TOWARDS $71 ON TENDER ACTIVITY
 Reuters reported that, Prices of power-station coal in Australia, a benchmark for Asia, rose 4 percent in the latest week to near $71 a tonne, bolstered by renewed demand as several South Korean utilities launched tenders to seek more supplies.
Expectations of increased demand over the coming winter months also helped to lift prices, which were trading near a 3-½ month low.
Thermal coal prices on the globalCOAL Newcastle weekly index, a benchmark for Asia, rose $2.68 from a week ago to $70.75 a tonne on Tuesday, based on FOB prices at Australia's Newcastle port.
"Some of the utilities in Korea and Taiwan are hoping to pick the market bottom and have taken advantage of the recent low prices to launch spot and term tenders. That has breathed some life into the market," said an Australian coal producer.
While most of the tenders launched by the South Korean utilities are term tenders for delivery starting from 2010, they are also still seeking about 3 million tonnes of coal for delivery starting from November 2009.
"Generally, the view is that supplies could be quite tight in the fourth quarter since there's limited uncontracted tonnage out of Australia," said the producer.
After an increase in enquiries in late September, traders said China's interest in Australian thermal coal has faded following the recent increase in freight rates and coal prices.
However China's demand for Indonesian coal imports remain firm.
"Indonesia is still China's favourite overseas supplier. Demand from China is still very healthy and that is continuing to help absorb the excess supplies in the market," said a Singapore-based trader.
After having posted its sharpest increase in the year in late September, steam coal prices have remained in an uptrend at China's Qinhuangdao port, the country's largest coal trans-shipment port.
Steam coal prices in China rose for the third straight week, with top grade coal with a heating value of 5,800 kcal/kg (NAR) hovering at between 603 and 635 yuan per tonne.
The increase in Chinese domestic coal prices, which is largely due to the shutdown of small and unsafe mines, has encouraged more Chinese traders and utilities in the south to seek supplies from overseas.
In South Africa, thermal coal prices have also increased for the second week to $62.75 a tonne on the back of Indian buying, while improving demand from Europe is also expected to buoy prices in the coming months.
After briefly touching $80 in July, thermal coal prices in Asia have since fallen to languish at around $66-$68 a tonne over September, as unexpectedly strong production from Indonesia met seasonally low demand.
Source: Reuters
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Monday, 09 November 09
SAM'S SEAFOOD HOLDINGS SET TO COMMENCE DRILLING AT INDONESIAN COAL PROJECT
Proactive Investors reported that, Sam's Seafood Holdings is preparing to kick off diamond drilling at the company's Indonesian coal project after ...
Saturday, 07 November 09
THE STEAM COAL MOVEMENT FROM INDONESIA TO INDIA REMAINED QUITE STRONG - CAPT. REDDY
COALspot.com (Singapore): The BDI continued rising this week and was up by 290 points up by almost 9 pct and the index closed at 3,393 points.
B ...
Friday, 06 November 09
COAL INDIA ABANDONS PLAN TO BUY ASSET IN AUSTRALIA
Coal India’s efforts to acquire a mid-sized virgin thermal coal block from a private party in Australia have drawn a blank.
The effort was ...
Friday, 06 November 09
NEW ASSETS WILL INCREASE COKING AND THERMAL COAL PRODUCTION
Coal and metals processing company Coal of Africa Limited (CoAL) aims to produce 10-million tons a year of coking coal and two-million tons a year o ...
Friday, 06 November 09
NTPC TO APPOINT MERCHANT BANKER FOR S AFRICA COAL MINE
State-run power producer NTPC, which is eyeing coal mines in South Africa to meet the gap in domestic fuel supply, will appoint a merchant banker ne ...
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- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- PTC India Limited - India
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
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