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Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price of more than US$ 85-90 per ton in 2010.
The management said that this year power company bought coal with 6,080 kilo calories per kilogram at the price of US$ 82 per ton.
He added that if in March of 2010, that is, before the annual contract price talks, other Asian countries’ freight and coal price continues rising, at that moment, China only increases the price.
He also claimed that it is expected that China’s purchase volume in 2010 will be same as the 2009 level, and therefore China’s price is still higher than the price of Australia and Indonesia.
He stated that S. Korea’s coal import contract price is usually line with Japanese importers’ price.
According to China Coal Transportation and Distribution Association (CCTD)’s data, till November 16, Datong’s superior-quality mixed coal with 5,800 kilo calories per kilogram, is quoted by Qinhuangdao at the spot benchmark price of 680-700 yuan (US$ 99.57 - 102.50) per ton, increasing by 17% than that in the beginning of 2009.
The warming-up demand in power and industry pushes up coal price. (1 USD = 6.82910 CNY)
Source: Alibaba
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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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