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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, 14 October 09
INDONESIA MULLS TO LIMIT COAL EXPORT
China View reported that, The Indonesian government planned to limit coal export of up to 150 million tons per year due to the growing coal demand i ...
Wednesday, 14 October 09
SA'S COAL OUTPUT LIKELY TO RISE BY 2011, BOOSTED BY WATERBERG MINES
Mining weekly reported that, South Africa's coal production will struggle to meet demand over the next few years, but coal production could likely ...
Tuesday, 13 October 09
INDONESIA'S BAYAN SEES 2010 COAL OUTPUT UP 42 PCT
Reuters reported that, Indonesian coal miner PT Bayan Resources Tbk (BYAN.JK) said on Tuesday it expects its coal output to increase by 42 percent i ...
Tuesday, 13 October 09
STRAITS ASIA UPBEAT ON MEETING 2009 COAL OUTPUT
Reuters reported that, Singapore-listed coal miner Straits Asia is still optimistic about meeting its coal output target of 9 million tonnes this ye ...
Tuesday, 13 October 09
JSW ENERGY SCOUTING FOR PARTNERS, ACQUISITIONS
Business-Standard reported that, JSW Energy is planning to become an integrated power company by bringing in a partner for its transmission business ...
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- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
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- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
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- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
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- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
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- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
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- Indonesian Coal Mining Association
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- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- White Energy Company Limited
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- GAC Shipping (India) Pvt Ltd
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- Electricity Authority, New Zealand
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- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
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