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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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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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- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- The University of Queensland
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
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