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, 13 November 09
API4 IGNORES LOW COAL TRADES - SWISS SINGAPORE
* Jan, Feb S.Africa coal prices hit 12-month highs * Indian trader says deals done dollars below index Reuters reported that, the physical coal ...


Thursday, 12 November 09
INDONESIA'S BUMI COAL PRODUCTION TO INCREASE
The sale is predicted to jump 14 percent to 58 million tons. Viva News reported that, PT Bumi Resources Tbk. (BUMI) projected that the company's ...


Thursday, 12 November 09
INDIA'S BHEL IS IN INDONESIA NOW WITH THE COST EFFECTIVE CFBC BASED BOILER TURBINE PACKAGES
COALspot.com(Indonesia): BHEL, the largest engineering and manufacturing enterprise in India in the energy-related / infrastructure sector, is now f ...


Thursday, 12 November 09
NTPC FARAKKA AND KAHALGAON UNITS SHUT DOWN ON COAL SHORTAGE
Operations at two units each of power major NTPC Ltd’s 1600 MW Farakka and the 2340 MW Kahalgaon stations have ground to a halt due to an acut ...


Thursday, 12 November 09
GANGAVARAM PORT SETS RECORD BY DISCHARGING 80,514 TONNE OF COAL CARGO
Gangavaram Port, the deepest port in the country with water depth of 20 meters, has achieved an unprecedented milestone by discharging 80,514 metric ...


   1249 1250 1251 1252 1253   
Showing 6251 to 6255 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
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
  • Sakthi Sugars Limited - India
  • Ambuja Cements Ltd - India
  • Merrill Lynch Bank
  • Attock Cement Pakistan Limited
  • Thailand Anthracite
  • Maersk Broker
  • Enel Italy
  • Madhucon Powers Ltd - India
  • Mitra SK Pvt Ltd - India
  • Wilmar Investment Holdings
  • Ind-Barath Power Infra Limited - India
  • Pinang Coal Indonesia
  • Straits Asia Resources Limited - Singapore
  • PLN - Indonesia
  • Coal and Oil Company - UAE
  • Aditya Birla Group - India
  • PetroVietnam
  • OPG Power Generation Pvt Ltd - India
  • Bangladesh Power Developement Board
  • Adaro Indonesia
  • SRK Consulting
  • Renaissance Capital - South Africa
  • Altura Mining Limited, Indonesia
  • Maybank - Singapore
  • Jatenergy - Australia
  • IMC Shipping - Singapore
  • London Commodity Brokers - England
  • Ministry of Finance - Indonesia
  • Posco Energy - South Korea
  • Asian Development Bank
  • Global Green Power PLC Corporation, Philippines
  • Gujarat Mineral Development Corp Ltd - India
  • Kapuas Tunggal Persada - Indonesia
  • Platou - Singapore
  • Vale Mozambique
  • Africa Commodities Group - South Africa
  • Therma Luzon, Inc, Philippines
  • Barasentosa Lestari - Indonesia
  • Vitol - Bahrain
  • Mitsui
  • Intertek Mineral Services - Indonesia
  • Indika Energy - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Bukit Makmur.PT - Indonesia
  • Sarangani Energy Corporation, Philippines
  • Moodys - Singapore
  • Rudhra Energy - India
  • Alfred C Toepfer International GmbH - Germany
  • CCIC - Indonesia
  • HSBC - Hong Kong
  • Kobe Steel Ltd - Japan
  • Directorate Of Revenue Intelligence - India
  • Ceylon Electricity Board - Sri Lanka
  • Russian Coal LLC
  • Energy Development Corp, Philippines
  • Minerals Council of Australia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Bangkok Bank PCL
  • Electricity Authority, New Zealand
  • UBS Singapore
  • Banpu Public Company Limited - Thailand
  • Miang Besar Coal Terminal - Indonesia
  • Coaltrans Conferences
  • Sree Jayajothi Cements Limited - India
  • SGS (Thailand) Limited
  • Indian School of Mines
  • Star Paper Mills Limited - India
  • ETA - Dubai
  • Cement Manufacturers Association - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Global Business Power Corporation, Philippines
  • EIA - United States
  • Thriveni
  • Asia Cement - Taiwan
  • Asmin Koalindo Tuhup - Indonesia
  • globalCOAL - UK
  • AsiaOL BioFuels Corp., Philippines
  • KPMG - USA
  • ACC Limited - India
  • San Jose City I Power Corp, Philippines
  • Geoservices-GeoAssay Lab
  • Lanco Infratech Ltd - India
  • TNPL - India
  • Coastal Gujarat Power Limited - India
  • Commonwealth Bank - Australia
  • Maharashtra Electricity Regulatory Commission - India
  • Reliance Power - India
  • Mitsubishi Corporation
  • Agrawal Coal Company - India
  • Petrosea - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Thai Mozambique Logistica
  • Indonesian Coal Mining Association
  • Permata Bank - Indonesia
  • World Bank
  • Mintek Dendrill Indonesia
  • PLN Batubara - Indonesia
  • KEPCO - South Korea
  • Lafarge - France
  • APGENCO India
  • TGV SRAAC LIMITED, India
  • Clarksons - UK
  • Coal Orbis AG
  • GB Group - China
  • Larsen & Toubro Limited - India
  • ANZ Bank - Australia
  • South Luzon Thermal Energy Corporation
  • Mercator Lines Limited - India
  • Uttam Galva Steels Limited - India
  • Coal India Limited
  • McKinsey & Co - India
  • Arutmin Indonesia
  • Xstrata Coal
  • GAC Shipping (India) Pvt Ltd
  • IBC Asia (S) Pte Ltd
  • Total Coal South Africa
  • Grasim Industreis Ltd - India
  • Semirara Mining and Power Corporation, Philippines
  • NALCO India
  • U S Energy Resources
  • Thomson Reuters GRC
  • Gujarat Electricity Regulatory Commission - India
  • Binh Thuan Hamico - Vietnam
  • Chettinad Cement Corporation Ltd - India
  • The India Cements Ltd
  • Coalindo Energy - Indonesia
  • Bharathi Cement Corporation - India
  • The Treasury - Australian Government
  • Bhushan Steel Limited - India
  • PetroVietnam Power Coal Import and Supply Company
  • Dalmia Cement Bharat India
  • Aboitiz Power Corporation - Philippines
  • Krishnapatnam Port Company Ltd. - India
  • PTC India Limited - India
  • Sical Logistics Limited - India
  • CESC Limited - India
  • Gujarat Sidhee Cement - India
  • Directorate General of MIneral and Coal - Indonesia
  • JPMorgan - India
  • Adani Power Ltd - India
  • Indian Oil Corporation Limited
  • GVK Power & Infra Limited - India
  • Meralco Power Generation, Philippines
  • Indo Tambangraya Megah - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Freeport Indonesia
  • Jaiprakash Power Ventures ltd
  • Toyota Tsusho Corporation, Japan
  • Core Mineral Indonesia
  • bp singapore
  • BRS Brokers - Singapore
  • SMG Consultants - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Platts
  • Deutsche Bank - India
  • ASAPP Information Group - India
  • Bank of America
  • Cargill India Pvt Ltd
  • Ministry of Transport, Egypt
  • Kideco Jaya Agung - Indonesia
  • India Bulls Power Limited - India
  • Fearnleys - India
  • Wood Mackenzie - Singapore
  • Jindal Steel & Power Ltd - India
  • Indian Energy Exchange, India
  • GN Power Mariveles Coal Plant, Philippines
  • Indogreen Group - Indonesia
  • Port Waratah Coal Services - Australia
  • Siam City Cement - Thailand
  • Baramulti Group, Indonesia
  • Makarim & Taira - Indonesia
  • Ince & co LLP
  • VISA Power Limited - India
  • Infraline Energy - India
  • Timah Investasi Mineral - Indoneisa
  • Tata Chemicals Ltd - India
  • The University of Queensland
  • Tata Power - India
  • Edison Trading Spa - Italy
  • Latin American Coal - Colombia
  • Australian Coal Association
  • Australian Commodity Traders Exchange
  • Simpson Spence & Young - Indonesia
  • Goldman Sachs - Singapore
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Glencore India Pvt. Ltd
  • Bahari Cakrawala Sebuku - Indonesia
  • Riau Bara Harum - Indonesia
  • Electricity Generating Authority of Thailand
  • Jorong Barutama Greston.PT - Indonesia
  • Rio Tinto Coal - Australia
  • KPCL - India
  • Arch Coal - USA
  • International Coal Ventures Pvt Ltd - India
  • Kartika Selabumi Mining - Indonesia
  • Indorama - Singapore
  • Kohat Cement Company Ltd. - Pakistan
  • Price Waterhouse Coopers - Russia
  • Interocean Group of Companies - India
  • Bank of China, Malaysia
  • Cigading International Bulk Terminal - Indonesia
  • Sojitz Corporation - Japan
  • TRAFIGURA, South Korea
  • Standard Chartered Bank - UAE
  • Metalloyd Limited - United Kingdom
  • Coeclerici Indonesia
  • Noble Europe Ltd - UK
  • Medco Energi Mining Internasional
  • SASOL - South Africa
  • Iligan Light & Power Inc, Philippines
  • Marubeni Corporation - India
  • UOB Asia (HK) Ltd
  • DBS Bank - Singapore
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Kepco SPC Power Corporation, Philippines
  • Qatrana Cement - Jordan
  • Chamber of Mines of South Africa
  • Maruti Cements - India
  • TANGEDCO India
  • Pendopo Energi Batubara - Indonesia
  • World Coal - UK
  • Britmindo - Indonesia
  • Bulk Trading Sa - Switzerland
  • Peabody Energy - USA
  • SUEK AG - Indonesia
  • Barclays Capital - USA
  • Kumho Petrochemical, South Korea
  • Parry Sugars Refinery, India
  • Kalimantan Lumbung Energi - Indonesia
  • Mjunction Services Limited - India
  • Cebu Energy, Philippines
  • Eastern Coal Council - USA
  • Cemex - Philippines
  • Kobexindo Tractors - Indoneisa
  • Cosco
  • J M Baxi & Co - India
  • Merrill Lynch Commodities Europe
  • Borneo Indobara - Indonesia
  • Gresik Semen - Indonesia
  • Argus Media - Singapore
  • Globalindo Alam Lestari - Indonesia
  • Berau Coal - Indonesia
  • New Zealand Coal & Carbon
  • ING Bank NV - Singapore
  • Mechel - Russia
  • Surastha Cement
  • Malabar Cements Ltd - India
  • SMC Global Power, Philippines
  • Samsung - South Korea
  • Manunggal Multi Energi - Indonesia
  • Inco-Indonesia
  • Credit Suisse - India
  • GHCL Limited - India
  • WorleyParsons
  • JPower - Japan
  • Karbindo Abesyapradhi - Indoneisa
  • Meenaskhi Energy Private Limited - India
  • Mercuria Energy - Indonesia
  • Gupta Coal India Ltd
  • Shenhua Group - China
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Georgia Ports Authority, United States
  • CoalTek, United States
  • Sindya Power Generating Company Private Ltd
  • Semirara Mining Corp, Philippines
  • Xindia Steels Limited - India
  • Romanian Commodities Exchange
  • Planning Commission, India
  • Cardiff University - UK
  • GMR Energy Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Savvy Resources Ltd - HongKong
  • ICICI Bank Limited - India
  • Global Coal Blending Company Limited - Australia
  • Sucofindo - Indonesia
  • GNFC Limited - India
  • Oldendorff Carriers - Singapore
  • Neyveli Lignite Corporation Ltd, - India
  • Sinarmas Energy and Mining - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • RBS Sempra - UK
  • IOL Indonesia
  • LBH Netherlands Bv - Netherlands
  • Kaltim Prima Coal - Indonesia
  • CIMB Investment Bank - Malaysia
  • IEA Clean Coal Centre - UK
  • Bhatia International Limited - India
  • Siam City Cement PLC, Thailand
  • Vizag Seaport Private Limited - India
  • Runge Indonesia
  • Salva Resources Pvt Ltd - India
  • Idemitsu - Japan
  • Thiess Contractors Indonesia
  • Parliament of New Zealand
  • Deloitte Consulting - India
  • PowerSource Philippines DevCo
  • KOWEPO - South Korea
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Petron Corporation, Philippines
  • Trasteel International SA, Italy
  • Anglo American - United Kingdom
  • Carbofer General Trading SA - India
  • Central Java Power - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Videocon Industries ltd - India
  • Tanito Harum - Indonesia
  • Japan Coal Energy Center
  • MEC Coal - Indonesia
  • Panama Canal Authority
  • TeaM Sual Corporation - Philippines
  • Eastern Energy - Thailand
  • Ernst & Young Pvt. Ltd.
  • European Bulk Services B.V. - Netherlands
  • The State Trading Corporation of India Ltd
  • Orica Mining Services - Indonesia
  • Maheswari Brothers Coal Limited - India
  • IHS Mccloskey Coal Group - USA
  • Indonesia Power. PT
  • Essar Steel Hazira Ltd - India
  • Thermax Limited - India
  • Formosa Plastics Group - Taiwan
  • MS Steel International - UAE
  • OCBC - Singapore
  • EMO - The Netherlands
  • Economic Council, Georgia
  • PNOC Exploration Corporation - Philippines
  • Humpuss - Indonesia
  • Samtan Co., Ltd - South Korea
  • Heidelberg Cement - Germany
  • NTPC Limited - India
  • McConnell Dowell - Australia
  • Inspectorate - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Malco - India
  • BNP Paribas - Singapore
  • Vedanta Resources Plc - India
  • Orica Australia Pty. Ltd.
  • Bhoruka Overseas - Indonesia
  • Tamil Nadu electricity Board
  • Ministry of Mines - Canada
  • Independent Power Producers Association of India
  • CNBM International Corporation - China
  • Bayan Resources Tbk. - Indonesia
  • Power Finance Corporation Ltd., India
  • Shree Cement - India
  • Billiton Holdings Pty Ltd - Australia
  • Karaikal Port Pvt Ltd - India
  • White Energy Company Limited
  • Antam Resourcindo - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Singapore Mercantile Exchange
  • Central Electricity Authority - India