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