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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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Saturday, 24 October 09
NTPC SEEKS ALTERNATE COAL SUPPLY FOR KAHALGAON
State-run NTPC is looking at alternate sources of coal to fire its Kahalgaon (Bihar) and Farakka (West Bengal) and power stations, which are facing ...
Saturday, 24 October 09
ADANI, MMTC IN RACE TO SUPPLY COAL TO GSECL
Business-Standard reported that, as many as five companies are in fray to supply 15 lakh (1.5 million) metric tonnes of non-coking steam (ther ...
Saturday, 24 October 09
INDONESIA STATE POWER FIRM PLANS TO DELAY COAL SUPPLIES
Indonesia's state-controlled electricity company is negotiating with two coal producing firms to delay plans to supply coal to a power plant in Wes ...
Friday, 23 October 09
MONGOLIA LISTS 8 POTENTIAL BIDDERS FOR COAL PROJECT
Reuters reported that, Mongolia has shortlisted eight potential partners for its huge Tavan Tolgoi coking coal project, according to Temuulen Ganzor ...
Friday, 23 October 09
2010 WILL BE 'BRIDGE YEAR' FOR COAL - CONSOL CHIEF
Mining Weekly reported that, After a difficult 2009, 2010 will likely be a “bridge” year for the US coal industry, followed by improved ...
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- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Economic Council, Georgia
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- The University of Queensland
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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