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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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- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
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- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
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- London Commodity Brokers - England
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- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
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- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
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- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
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- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
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- PNOC Exploration Corporation - Philippines
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- Mintek Dendrill Indonesia
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- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
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- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
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- Bhushan Steel Limited - India
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- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
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- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- The University of Queensland
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- Central Electricity Authority - India
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- Baramulti Group, Indonesia
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- Intertek Mineral Services - Indonesia
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- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
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- CNBM International Corporation - China
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- Thiess Contractors Indonesia
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- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
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- CIMB Investment Bank - Malaysia
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- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
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- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
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- Indogreen Group - Indonesia
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- The Treasury - Australian Government
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- IEA Clean Coal Centre - UK
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