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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
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
Thursday, 29 October 09
PTC INDIA UNIT CHASES 2.5 MTPA INDONESIAN COAL
Reuters reported that, PTC Energy is in talks with an Indonesian firm to source 2.5 million tonnes per annum (MTPA) coal for its 350-400 MW power to ...
Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports a ...
Thursday, 29 October 09
CURRENCIES, ASIA DEMAND TO LIFT EUROPE COAL PRICE
Supportive currency movements and strong Asian demand mean the price of coal delivered into Europe is poised to rise more than 30 percent to above $ ...
Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a ...
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- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
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