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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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Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
Wednesday, 28 October 09
INVESTMENT IN MINING SECTOR HAMPERED BY LATE REGULATIONS
The Jakarta Post reported that, Indonesia may have to wait for a potential massive inflow of new investment into the mining sector due to delays in ...
Tuesday, 27 October 09
CHINA'S SEPT. COAL IMPORTS RISE AS ECONOMY RECOVERS
Bloomberg reported that, China, the world’s largest coal user and producer, increased imports of the fuel in September to meet rising domest ...
Monday, 26 October 09
DARWIN EYES PRIVATE INVESTMENT
The Jakarta Post reported that, the new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the reali ...
Sunday, 25 October 09
THE FUTURE FREIGHT MARKET IS EXPECTED TO HAVE POSITIVE DIRECTION - VISTAAR
COALspot.com (Singapore): According to Vistaar Shipping an experienced ship operator in Singapore, the BDI shot up this week (19-24 October) by abou ...
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- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- PTC India Limited - India
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Australian Coal Association
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
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