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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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Wednesday, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
Wednesday, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to sta ...
Wednesday, 21 October 09
COAL DEMAND SOARS AS ASIA ECONOMIES REBOUND - PEABODY
Reuters reported that, Demand for coal to generate electricity and make steel in China and India is expected to grow by 7 percent to 8 percent annua ...
Wednesday, 21 October 09
INDONESIAN SHOCK FOR INDIAN POWER PLANTS
Business-Standard reported that, India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdl ...
Wednesday, 21 October 09
DUTA GRAHA PLANNING TO DELVE INTO MINING SECTOR
The Jakarta Globe reported that, PT Duta Graha, one of the country’s largest private engineering firms, says it intends to diversify into the ...
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- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
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- Oldendorff Carriers - Singapore
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- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Planning Commission, India
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
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- The University of Queensland
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- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Thai Mozambique Logistica
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- Renaissance Capital - South Africa
- CNBM International Corporation - China
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- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
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- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
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- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
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- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
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- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
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- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
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- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
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