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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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Thursday, 26 November 09
CIL EYES OVERSEAS ACQUISITIONS TO BRIDGE SUPPLY GAP
Coal Minister Sriprakash Jaiswal on Wednesday said that state-run coal major Coal India is looking to acquire coal blocks in the US and
othe ...
Wednesday, 25 November 09
NAPOCOR SCRAPS AWARD OF 715,000 TONS COAL
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it had cancelled plans to award 715,000 tons in coal supply con ...
Wednesday, 25 November 09
RISING FREIGHT RATES HIT COAL IMPORTERS
While state-owned NTPC’s 12.5 million tonne coal import order may have been aimed at plugging the shortage of coal at its thermal power plants ...
Wednesday, 25 November 09
CSN TO BUY RIVERSDALE STAKE TO BOOST COAL SUPPLIES
Cia. Siderurgica Nacional SA plans to buy 16.3 percent of Australian coal-exploration company Riversdale Mining Ltd. for about A$190.5 million ($175 ...
Tuesday, 24 November 09
ICRA DOWNGRADES TNPL`S RATING TO LAA
Credit rating agency, ICRA has revised the long term rating for the Rs 11.25 billion long-term fund-based bank facilities and Rs 1.5 billion non-con ...
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- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
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