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Tuesday, 13 October 09
THERMAL COAL DEMAND IN CHINA DRIVES PRICE INCREASES
 Metal Miner reported that, Thermal coal prices have been falling this year; contrary to many other commodities, both metals and energy that hit bottom in the early part of this year have been rising since. Thermal coal dropped sharply last year hitting a trough in January before staging a small recovery in the spring only to slide back in the second quarter.
China, not surprisingly, is the world’s largest producer and consumer according to China Coal Resources. Coal producers and consumers have been locked in negotiations over the contract price which has made producers cautious about raising production, so consumers have turned to the international market and imports soared in Q2 to 16.1m tons per month as power production has risen. Since then, imports have dropped in July to 13.9m tons and again to 11.774m tons in August but stocks at ports are still relatively low and electricity production is up for the year as the country enters the colder peak winter months. This compares to a monthly average of 3.4m tons in 2008.
To what extent China will maintain this level of consumption and in particular imports remains to be seen. China Coal Resources predicts demand will remain strong due to continued industrial growth and the coming winter months of peak demand, but some observers believe the fading effects of the H1 stimulus package will reduce demand across the economy. Power station stocks are said to be lower now than in the Q2 so unless the domestic producers raise production and reduce prices to compete with imports it is unlikely China demand on regional suppliers is going to diminish significantly in the last quarter.
After falling steadily this year global spot prices as reflected at Australia’s Newcastle terminal climbed in mid September reflecting the strong demand. Recently, China’s Ministry of Finance unveiled measures to release special funds to support the shutdown of small coal mines. Local governments will get financial support from the central government to speed up the rationalization and closure of small mines notorious for their poor safety record. The remaining state mines will then be able to consolidate their hold on the domestic thermal coal market around the whole country. Their primary focus will be to maximise returns which means they will aim to keep both capacity utilization and prices optimized. Imports will therefore probably remain robust and on the back of that, Asian prices for thermal coal can be expected to rise during the winter.
Source: Ag Metal Miner
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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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- Latin American Coal - Colombia
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- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
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- Coal and Oil Company - UAE
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- Port Waratah Coal Services - Australia
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- Economic Council, Georgia
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- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
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- The State Trading Corporation of India Ltd
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- Metalloyd Limited - United Kingdom
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- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Central Electricity Authority - India
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- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
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- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
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- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
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- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
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- Altura Mining Limited, Indonesia
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- Vedanta Resources Plc - India
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- International Coal Ventures Pvt Ltd - India
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- PNOC Exploration Corporation - Philippines
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- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
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- Indian Energy Exchange, India
- Interocean Group of Companies - India
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- Electricity Authority, New Zealand
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- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
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- Indonesian Coal Mining Association
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- GAC Shipping (India) Pvt Ltd
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- Planning Commission, India
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- The Treasury - Australian Government
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- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
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- Videocon Industries ltd - India
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- Australian Coal Association
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- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
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- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
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