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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-$68 a tonne over September, as unexpectedly strong production from Indonesia met seasonally low demand.
Source: Reuters
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Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
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- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Central Electricity Authority - India
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Australian Coal Association
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- The University of Queensland
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Mercator Lines Limited - India
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
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