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