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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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Thursday, 24 September 09
S.KOREA HYUNDAI STEEL TO BUY COAL FROM SIBERIA
Reuters reported that, South Korea's Hyundai Steel said on Wednesday it will buy a maximum of 300,000 tonnes of coal per year from Siberian Anthrac ...
Thursday, 24 September 09
NO IMPORTED COAL-BASED UMPPS: TATA POWER
Will wait until policy environment becomes more favourable.
Business Standard reported that, Tata Power Company (TPC), India’s largest priv ...
Thursday, 24 September 09
BUMI RAISES $1.9 BILLION SELLING DEBT TO CHINA'S CIC
Bloomberg reported that, PT Bumi Resources, Indonesia’s biggest coal producer, said it raised $1.9 billion selling debt to China’s sover ...
Thursday, 24 September 09
MACQUARIE DOWNGRADES U.S. COAL SECTOR TO NEUTRAL
Reuters reported that, Macquarie Research downgraded the U.S. coal sector to "neutral" from "overweight" as it believes that dem ...
Thursday, 24 September 09
CHINA WILL BE IMPORTER OF COKING COAL NEXT YEAR, MCCLOSKEY SAYS
Bloomberg reported that, China, the world’s largest coal user and producer, will remain an importer of the fuel through next year, according t ...
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- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- White Energy Company Limited
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- VISA Power Limited - India
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
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