COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 18 November 09
AMBUJA COAL TENDER PRICES EQUATE TO $61.50/T FOB


Reuters reported that, coal prices achieved by Indian cement maker Gujarat Ambuja in its early November tender equate to $61.50 a tonne FOB Richards Bay, several dollars below the prevailing API4 physical index, Indian traders said.

Traders supplying coal on a delivered basis to Indian end-users at fixed prices have been squeezed by the recent rise in South African Richards Bay coal prices which is forcing them to supply at a significant loss.

"Around half a million tonnes of cargo has been traded at least index minus $8.50 approximately," one Indian coal trader said.

Traders have been buying South African coal at floating prices based on the API4 index to meet commitments made at fixed prices.

Indian cement makers such as Ambuja tend to prefer South African coal to lower quality, cheaper Indonesian material.

The rise in API4 to 12-month highs has left some facing losses of up to $10.00 a tonne.

Most of the Indian traders who will import nearly 20 million tonnes of South African coal in 2009 have not hedged their coal or their freight.

Gujarat Ambuja bought around 500,000 tonnes of South African coal in the first week of November at prices of $82.00-$84.50 a tonne CIF India, Indian traders said.

Ambuja bought two December handymax cargoes at $83.00 a tonne CIF West Coast India, three cargoes for January-April at $84.50 a tonne CIF West Coast, three cargoes for April-May delivery at $84.50 a tonne CIF West Coast and two May cargoes at $82.00 a tonne CIF East Coast, they said.

The suppliers were three Indian coal trading companies.

At prices of $84.50 a tonne CIF, given prevailing freight from Richards Bay to India at the time of the deals, these prices net back to $61.50 a tonne FOB Richards Bay, traders said.

During the week of the deals, the API4 physical index of prompt Richards Bay prices was $66.64 a tonne, several dollars higher than the net back prices, they said.
Source: Reuters



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 27 November 09
BHP SEEKS VARIABLE COKING COAL PRICE IN JAPAN, NIKKEI SAYS
Bloomberg reproted that, BHP Billiton Ltd. has asked Japanese steelmakers to move to pricing of coking coal linked to spot rates rather than negotia ...


Friday, 27 November 09
EXXARO SEES HIGH COAL DEMAND RAISING PRICES
Reuters reported that, South African diversified miner Exxaro Resources said on Thursday it expected coal prices to rise to between $70 and $75 per ...


Friday, 27 November 09
CENTENNIAL SAYS ENERGY-COAL PRICE TO RISE AS CHINA SEEKS FUEL
Bloomberg reported that, Centennial Coal Co., an Australian producer of the fuel, said contract prices are expected to rise in 2010, with Chinese co ...


Friday, 27 November 09
IN FIRST-10-MONTH OF 2009 COAL IMPORTS IN GUANGXI-FANGCHENG EXCEEDED FULL-2008 IMPORTS
According to Customs statistics, during the January-October, Fangcheng port accumulatively imported 3.676mln tons valuing U.S.$370, rising by 53.8% ...


Thursday, 26 November 09
CHINA'S COAL IMPORTS TO RISE BY 170 PERCENT IN 2009
According to the statistics released by China's General Administration of Customs on November 23, China's coal imports for October totaled 11.1 mi ...


   1243 1244 1245 1246 1247   
Showing 6221 to 6225 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Energy Link Ltd, New Zealand
  • KOWEPO - South Korea
  • IOL Indonesia
  • Sree Jayajothi Cements Limited - India
  • IMC Shipping - Singapore
  • Japan Coal Energy Center
  • Posco Energy - South Korea
  • Maheswari Brothers Coal Limited - India
  • Ministry of Mines - Canada
  • Merrill Lynch Commodities Europe
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • SMC Global Power, Philippines
  • Electricity Generating Authority of Thailand
  • Jaiprakash Power Ventures ltd
  • Bayan Resources Tbk. - Indonesia
  • The India Cements Ltd
  • Uttam Galva Steels Limited - India
  • SRK Consulting
  • Samsung - South Korea
  • Kaltim Prima Coal - Indonesia
  • Runge Indonesia
  • IBC Asia (S) Pte Ltd
  • Core Mineral Indonesia
  • Sarangani Energy Corporation, Philippines
  • Semirara Mining and Power Corporation, Philippines
  • Idemitsu - Japan
  • Kohat Cement Company Ltd. - Pakistan
  • Directorate General of MIneral and Coal - Indonesia
  • Britmindo - Indonesia
  • Star Paper Mills Limited - India
  • Maharashtra Electricity Regulatory Commission - India
  • Oldendorff Carriers - Singapore
  • PTC India Limited - India
  • GAC Shipping (India) Pvt Ltd
  • Coeclerici Indonesia
  • CESC Limited - India
  • Holcim Trading Pte Ltd - Singapore
  • TANGEDCO India
  • Adaro Indonesia
  • Central Electricity Authority - India
  • Miang Besar Coal Terminal - Indonesia
  • Tata Power - India
  • ASAPP Information Group - India
  • ING Bank NV - Singapore
  • ACC Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • APGENCO India
  • Deutsche Bank - India
  • OCBC - Singapore
  • Bukit Makmur.PT - Indonesia
  • Banpu Public Company Limited - Thailand
  • Ince & co LLP
  • Bulk Trading Sa - Switzerland
  • Australian Coal Association
  • Kalimantan Lumbung Energi - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Bhoruka Overseas - Indonesia
  • Videocon Industries ltd - India
  • Indian School of Mines
  • Ernst & Young Pvt. Ltd.
  • Cebu Energy, Philippines
  • South Luzon Thermal Energy Corporation
  • Coaltrans Conferences
  • Inco-Indonesia
  • Economic Council, Georgia
  • Bhatia International Limited - India
  • Independent Power Producers Association of India
  • ICICI Bank Limited - India
  • Coal and Oil Company - UAE
  • Bangladesh Power Developement Board
  • Bhushan Steel Limited - India
  • The University of Queensland
  • Thai Mozambique Logistica
  • Madhucon Powers Ltd - India
  • Commonwealth Bank - Australia
  • Savvy Resources Ltd - HongKong
  • Glencore India Pvt. Ltd
  • Sinarmas Energy and Mining - Indonesia
  • Shree Cement - India
  • Xindia Steels Limited - India
  • Indogreen Group - Indonesia
  • Riau Bara Harum - Indonesia
  • Merrill Lynch Bank
  • Indian Oil Corporation Limited
  • Parry Sugars Refinery, India
  • Russian Coal LLC
  • Maruti Cements - India
  • Kepco SPC Power Corporation, Philippines
  • The State Trading Corporation of India Ltd
  • Mitsui
  • Singapore Mercantile Exchange
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Heidelberg Cement - Germany
  • International Coal Ventures Pvt Ltd - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Billiton Holdings Pty Ltd - Australia
  • Ministry of Transport, Egypt
  • Meenaskhi Energy Private Limited - India
  • Bharathi Cement Corporation - India
  • Central Java Power - Indonesia
  • Bangkok Bank PCL
  • MEC Coal - Indonesia
  • Cosco
  • Rio Tinto Coal - Australia
  • Cement Manufacturers Association - India
  • JPower - Japan
  • SN Aboitiz Power Inc, Philippines
  • GHCL Limited - India
  • Permata Bank - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Asmin Koalindo Tuhup - Indonesia
  • PLN Batubara - Indonesia
  • Lanco Infratech Ltd - India
  • Vitol - Bahrain
  • Coalindo Energy - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Makarim & Taira - Indonesia
  • Eastern Coal Council - USA
  • Karaikal Port Pvt Ltd - India
  • Vizag Seaport Private Limited - India
  • JPMorgan - India
  • Directorate Of Revenue Intelligence - India
  • VISA Power Limited - India
  • Ceylon Electricity Board - Sri Lanka
  • Barclays Capital - USA
  • Eastern Energy - Thailand
  • Intertek Mineral Services - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Tamil Nadu electricity Board
  • Aditya Birla Group - India
  • Kumho Petrochemical, South Korea
  • DBS Bank - Singapore
  • Simpson Spence & Young - Indonesia
  • Argus Media - Singapore
  • Total Coal South Africa
  • Coal India Limited
  • Energy Development Corp, Philippines
  • Indorama - Singapore
  • Adani Power Ltd - India
  • Platts
  • Binh Thuan Hamico - Vietnam
  • Geoservices-GeoAssay Lab
  • Goldman Sachs - Singapore
  • Port Waratah Coal Services - Australia
  • Marubeni Corporation - India
  • Sojitz Corporation - Japan
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Essar Steel Hazira Ltd - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Carbofer General Trading SA - India
  • Maybank - Singapore
  • Kobexindo Tractors - Indoneisa
  • Tata Chemicals Ltd - India
  • Cardiff University - UK
  • Deloitte Consulting - India
  • Sakthi Sugars Limited - India
  • Thailand Anthracite
  • Bank of China, Malaysia
  • Peabody Energy - USA
  • Sucofindo - Indonesia
  • Standard Chartered Bank - UAE
  • Berau Coal - Indonesia
  • Thriveni
  • Vijayanagar Sugar Pvt Ltd - India
  • Ambuja Cements Ltd - India
  • Cigading International Bulk Terminal - Indonesia
  • ETA - Dubai
  • Dalmia Cement Bharat India
  • London Commodity Brokers - England
  • Gujarat Sidhee Cement - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • CoalTek, United States
  • PetroVietnam Power Coal Import and Supply Company
  • AsiaOL BioFuels Corp., Philippines
  • Pipit Mutiara Jaya. PT, Indonesia
  • Cemex - Philippines
  • Electricity Authority, New Zealand
  • Qatrana Cement - Jordan
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Arch Coal - USA
  • Panama Canal Authority
  • SASOL - South Africa
  • Surastha Cement
  • Leighton Contractors Pty Ltd - Australia
  • NTPC Limited - India
  • Chettinad Cement Corporation Ltd - India
  • Anglo American - United Kingdom
  • Aboitiz Power Corporation - Philippines
  • Wilmar Investment Holdings
  • GN Power Mariveles Coal Plant, Philippines
  • TGV SRAAC LIMITED, India
  • Mechel - Russia
  • Tanito Harum - Indonesia
  • Indian Energy Exchange, India
  • SGS (Thailand) Limited
  • Grasim Industreis Ltd - India
  • GVK Power & Infra Limited - India
  • Indo Tambangraya Megah - Indonesia
  • UBS Singapore
  • Asia Cement - Taiwan
  • SUEK AG - Indonesia
  • Romanian Commodities Exchange
  • Africa Commodities Group - South Africa
  • Georgia Ports Authority, United States
  • White Energy Company Limited
  • Clarksons - UK
  • Global Green Power PLC Corporation, Philippines
  • Antam Resourcindo - Indonesia
  • CNBM International Corporation - China
  • Petron Corporation, Philippines
  • Semirara Mining Corp, Philippines
  • KEPCO - South Korea
  • Mintek Dendrill Indonesia
  • Infraline Energy - India
  • Gupta Coal India Ltd
  • IHS Mccloskey Coal Group - USA
  • PetroVietnam
  • Jindal Steel & Power Ltd - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Kobe Steel Ltd - Japan
  • New Zealand Coal & Carbon
  • Coal Orbis AG
  • Bahari Cakrawala Sebuku - Indonesia
  • Trasteel International SA, Italy
  • McConnell Dowell - Australia
  • GMR Energy Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • European Bulk Services B.V. - Netherlands
  • Mercuria Energy - Indonesia
  • Chamber of Mines of South Africa
  • Orica Australia Pty. Ltd.
  • Lafarge - France
  • Humpuss - Indonesia
  • Australian Commodity Traders Exchange
  • Kapuas Tunggal Persada - Indonesia
  • Thomson Reuters GRC
  • BNP Paribas - Singapore
  • World Bank
  • KPMG - USA
  • Sical Logistics Limited - India
  • Altura Mining Limited, Indonesia
  • IEA Clean Coal Centre - UK
  • Siam City Cement - Thailand
  • McKinsey & Co - India
  • Indika Energy - Indonesia
  • World Coal - UK
  • Global Coal Blending Company Limited - Australia
  • KPCL - India
  • Credit Suisse - India
  • Formosa Plastics Group - Taiwan
  • Baramulti Group, Indonesia
  • RBS Sempra - UK
  • Renaissance Capital - South Africa
  • Samtan Co., Ltd - South Korea
  • Pinang Coal Indonesia
  • Mjunction Services Limited - India
  • Rashtriya Ispat Nigam Limited - India
  • Kartika Selabumi Mining - Indonesia
  • Asian Development Bank
  • Coastal Gujarat Power Limited - India
  • Medco Energi Mining Internasional
  • Gujarat Electricity Regulatory Commission - India
  • Ministry of Finance - Indonesia
  • Petrosea - Indonesia
  • Larsen & Toubro Limited - India
  • MS Steel International - UAE
  • LBH Netherlands Bv - Netherlands
  • Karbindo Abesyapradhi - Indoneisa
  • Thiess Contractors Indonesia
  • U S Energy Resources
  • Borneo Indobara - Indonesia
  • The Treasury - Australian Government
  • Cargill India Pvt Ltd
  • Sindya Power Generating Company Private Ltd
  • EIA - United States
  • Mercator Lines Limited - India
  • Malabar Cements Ltd - India
  • BRS Brokers - Singapore
  • Platou - Singapore
  • J M Baxi & Co - India
  • Shenhua Group - China
  • India Bulls Power Limited - India
  • Reliance Power - India
  • globalCOAL - UK
  • Mitsubishi Corporation
  • PowerSource Philippines DevCo
  • HSBC - Hong Kong
  • Globalindo Alam Lestari - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Rudhra Energy - India
  • Enel Italy
  • Alfred C Toepfer International GmbH - Germany
  • CIMB Investment Bank - Malaysia
  • Thermax Limited - India
  • Xstrata Coal
  • bp singapore
  • Salva Resources Pvt Ltd - India
  • Meralco Power Generation, Philippines
  • Gresik Semen - Indonesia
  • Freeport Indonesia
  • San Jose City I Power Corp, Philippines
  • Vedanta Resources Plc - India
  • Siam City Cement PLC, Thailand
  • Agrawal Coal Company - India
  • Bank of America
  • Fearnleys - India
  • Malco - India
  • Therma Luzon, Inc, Philippines
  • Moodys - Singapore
  • Edison Trading Spa - Italy
  • Interocean Group of Companies - India
  • TNPL - India
  • GNFC Limited - India
  • Price Waterhouse Coopers - Russia
  • EMO - The Netherlands
  • Jatenergy - Australia
  • WorleyParsons
  • Noble Europe Ltd - UK
  • CCIC - Indonesia
  • Barasentosa Lestari - Indonesia
  • GB Group - China
  • Maersk Broker
  • Iligan Light & Power Inc, Philippines
  • Power Finance Corporation Ltd., India
  • Wood Mackenzie - Singapore
  • ANZ Bank - Australia
  • UOB Asia (HK) Ltd
  • Timah Investasi Mineral - Indoneisa
  • Minerals Council of Australia
  • Ind-Barath Power Infra Limited - India
  • SMG Consultants - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Metalloyd Limited - United Kingdom
  • TeaM Sual Corporation - Philippines
  • TRAFIGURA, South Korea
  • PLN - Indonesia
  • Inspectorate - India
  • Attock Cement Pakistan Limited
  • Arutmin Indonesia
  • Orica Mining Services - Indonesia
  • Vale Mozambique
  • Parliament of New Zealand
  • Latin American Coal - Colombia
  • Indonesia Power. PT
  • Indonesian Coal Mining Association
  • Planning Commission, India
  • NALCO India
  • Global Business Power Corporation, Philippines
  • Manunggal Multi Energi - Indonesia
  • Toyota Tsusho Corporation, Japan
  • OPG Power Generation Pvt Ltd - India
  • Mitra SK Pvt Ltd - India