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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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Monday, 12 October 09
INDONESIA TO CUT ROYALTIES TO BOOST LOW QUALITY COAL
Reuters reported that, Indonesia, the world's biggest exporter of thermal coal, plans to cut royalties paid by producers holding certain contracts ...
Monday, 12 October 09
SAMPUR COAL POWER PLANT AGREEMENT
Sunday Observer reported that, The construction work of the Sri Lanka-India joint venture coal power plant which costs US dollars 500 million will c ...
Saturday, 10 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - CAPT. REDDY
COALspot.com (Singapore): The BDI again firmed up this week by almost 14 pct to 2,695 points. The cape size index moved up quite sharply by 25 pct t ...
Saturday, 10 October 09
COAL PRICES TIPPED TO SURGE BY 40% AS GLOBAL DEMAND RECOVERS NEXT YEAR
Power-station coal prices may climb by more than 40 percent in 2010 from current levels as a global economic recovery boosts demand from power plant ...
Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel m ...
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- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- White Energy Company Limited
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
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