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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 million mt, up 220 percent year on year. On the other hand, from January to October inclusive, China's total coal imports reached 96.83 million mt.
Thus, the country's coal imports in 2009 look certain to break the 100 million mt barrier; it is estimated that the import volume for the year will reach 109.08 million mt, marking an increase of around 170 percent year on year. Meanwhile, some analysts have commented that, since the coal prices in the international market are likely to grow faster than prices in the domestic market, China's coal imports will show a reduction next year.
From the fourth quarter of 2008, world energy demand slumped significantly due to the economic recession, with international coal prices falling down from high levels. By the end of March 19 this year, the spot price of Australian BJ steam coal had dropped to $61.5/mt from the peak level of $190.95/mt on July 3, 2008.
With the Chinese coal prices consistently higher than the international levels, China's coal imports have soared dramatically in 2009, while the export volume has indicated a rapid decline.
According to the latest figures from the National Bureau of Statistics, China's raw coal production amounted to 2.42 billion mt in the January-October period, up 11.4 percent compared with the same period last year. If no great changes are seen in the last two months of this year, overall domestic coal production will reach 2.9 billion mt for the whole year.
Taking the net import volume into consideration, apparent coal consumption in China is expected to approach 3 billion mt in 2009.
Source: SteelOrbis / 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
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 ...
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- Sinarmas Energy and Mining - Indonesia
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- SMC Global Power, Philippines
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- Toyota Tsusho Corporation, Japan
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- Power Finance Corporation Ltd., India
- The University of Queensland
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- SN Aboitiz Power Inc, Philippines
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
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- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Indian Oil Corporation Limited
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- Chamber of Mines of South Africa
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- SMG Consultants - Indonesia
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- Sindya Power Generating Company Private Ltd
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- Renaissance Capital - South Africa
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- Indonesian Coal Mining Association
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- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
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- Minerals Council of Australia
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- Parliament of New Zealand
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- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
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- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
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- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
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- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
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- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
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- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Sical Logistics Limited - India
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- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
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- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
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- Singapore Mercantile Exchange
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- Planning Commission, India
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- Wood Mackenzie - Singapore
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- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
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- Bhatia International Limited - India
- VISA Power Limited - India
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
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- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
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- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
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- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
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- Australian Coal Association
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- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
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