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Monday, 19 October 09
COAL PRICE UP AGAIN - RICHARDS BAY TERMINAL
Export prices rose 45 cents, or 0.7%, to an average of 64.05 a metric ton in the week ended Oct. 16, according to McCloskey Group.
The week was “very quiet,” Andrew Wells, an assistant editor at Petersfield, England-based McCloskey, said by phone. He speculated that buyers may be waiting for the Oct. 25-27 Coaltrans coal conference in London to get a better feel for the market.
Prices at Richards Bay, Europe’s main source of coal burned for power, have dropped 39% over the past 12 months as companies cut output and jobs to deal with the worst recession since World War II. The coal-market outlook “should improve significantly,” Sabine Schels, a New York-based analyst with Bank of America Merrill Lynch, wrote in a report dated Oct. 16.
The price of coal delivered to northwest Europe may climb to more than 100 a ton by the middle of next year, Schels wrote. That price rose 1.6% last week to 73.60 a ton, McCloskey data show. It has slid 38% over the past 12 months. India faces a coal shortage and state-owned Coal India Ltd. is seeking to buy overseas mines. China, the world’s most populous nation, uses and produces more coal than any other country.
Richards Bay Coal Terminal shipped 22% less of the fuel in September than a year earlier. Exports decreased to 4.16 million metric tons from 5.32 million tons, the terminal said in an e-mailed response to questions on Oct. 6, without giving reasons for the decline.
At its September shipment rate, the port will export 57.6 million tons of coal this year, compared with capacity of 76 million tons and shipments of 61.79 million tons last year. The terminal, on South Africa’s northeastern coast, is owned by the country’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc.
Power-station coal prices at the Australian port of Newcastle, a benchmark for Asia, fell 1.3% to 70.97 a ton in the week to Oct. 16, according to the globalCOAL NEWC Index. While Richards Bay is the world’s biggest coal-export terminal, Newcastle ships more of the fuel from two terminals.
The volume exported from Newcastle in the week ended 7 a.m. local time today dropped to 1.92 million tons from 2.01 million tons a week earlier, Newcastle Port Corp. said on its Web site. Nineteen ships, waiting to load 1.44 million tons of coal, were outside the harbor, down from 25 vessels.
Source: Business Day,UK Reuters,Bloomberg
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Tuesday, 01 September 09
GLOBAL COAL PRICES UNDER PRESSURE AS CHINESE PROVINCE RETURNS TO THE PRODUCTION FRAY - REUTERS
China is set to return to role of coal exporter as the deadline for thousands of small coal mines in its Shanxi province to reopen after being shut ...
Tuesday, 01 September 09
INDONESIA PLN SECURES 1.9 MILLION TONNES COAL FOR NEW POWER PLANT
Reuters reported that Indonesia's state electricity firm PT Perusahaan Listrik Negara has secured 1.9 million tonnes of sub bituminous coal per yea ...
Tuesday, 01 September 09
EXPORT OF COAL RAW MATERIAL SHOULD BE REDUCED - INDONESIAN OFFICIAL
Antara reported that, Coal producing companies should reduce the volume of their export of coal raw material and increase the volume of their finish ...
Tuesday, 01 September 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 23%, SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 23 percent ...
Monday, 31 August 09
INDIA MMTC ISSUE TENDER TO IMPORT 12.5 MMT COAL TO BE SUPPLIED OVER A PERIOD OF 12 MONTHS
COALspot.com (India): MMTC has re-issued a tender to import 12.50 Million Metric Tonnes (12.50 MMT) (+/- 2%) of thermal coal to be supplied over a p ...
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- Gujarat Mineral Development Corp Ltd - India
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- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
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- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Planning Commission, India
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
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- Electricity Authority, New Zealand
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- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
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- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
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- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
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- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
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- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
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- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- VISA Power Limited - India
- Indian Oil Corporation Limited
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- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
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- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
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- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- White Energy Company Limited
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- Kideco Jaya Agung - Indonesia
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- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
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- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
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- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
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- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
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- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
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- Ministry of Finance - Indonesia
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- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
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- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Central Electricity Authority - India
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
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- Standard Chartered Bank - UAE
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