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Friday, 04 December 09
CHINA'S COAL IMPORTS PREDICTED TO DECLINE IN 2010
 China's eye-catching coal import figure s are unlikely to extend into 2010 given the predicted narrow-down of the coal price spread between the home and overseas markets, said anal ysts.
In the almost-past 2009, coal imports have maintained feverish grow th in China ever since the beginning of the year, thanks to collapsing
global coal prices brought about by the economic crisis. Published st atistics show that the Australia BJ Steam spot price tumbled at one po int to US61.5 dollars per metric ton (tonne) on March 19 of this year from the US190.95 dollars/tonne in Q4 of 2008, when the financial tail spin started to dampen world energy demands.
Meanwhile, local prices fell slightly due to restricted supply brou ght on by the coal resources integration in Shanxi province, China's m ajor coal producer.
Based on attractive prices worldwide, some industry experts even es timate China's coal imports will hit 110-plus million tonnes, more tha n 1.7 times of the figure last year.
The following is a chart unveiling the resurgence of China coal imp orts during January to October of 2009:
While coal imports totaled just 18.9 million tonnes between January and October, annual net coal imports should reach 87 million tonnes, with the yearly export figure expected to stay around 23 million tonne s this year, according to sector analysts.
The sharp growth in China's coal imports is a complete reversal of the situation in 2008, which saw just 5.03 million tonnes of coal expo rts.
China's conversion into a net coal importer has marked a structural
change in its coal trading, and its explosive coal demand rise is lik ely to be sustained for some time, according to Greg Boyce, CEO of Pea body Energy, the largest coal producer in the world.
Huang Teng, a local senior coal trade expert, said the pick-up in C hina's 2009 coal imports was not an exception in view of its substanti ally larger-than-global-supply coal demands, adding that the predicted
100-plus million tonnes of imports this year would account for only 3
percent of China's 300 million tonnes of coal needs.
The following chart shows China's coal output since September 2008:
China was not expected to be a net coal importer because of its bou ntiful coal reserves, said industry watchers, noting that the imports hike is also price-driven.
But the mighty coal imports by China during 2009 were bound to lift
up international coal prices next year, which was sure to bring down the country's coal imports next year, said Huang.
Furthermore, the small growth in global coal supply next year will also add to external coal prices rises, as competition with coal impor ters such as India will intensify, driven by the subcontinent's econom ic recovery, said industry analysts.
So far, the rising price on the world coal market is seen by other coal importing countries, which make up one eighth of the world coal t rade as, the best mechanism to curb China's imports and secure their o wn coal imports, said Huang.
It is a fact that China's coal imports have stoked up the internati onal coal price in 2009. Statistics from GlobalCoal, a worldwide marke tplace facilitator for trading coal and coal-related services, show th at prices for steam coal at Australian's Newcastle port rallied to US8 1 dollars/tonne after falling below US60 dollar/tonne at one point thi s year.
Add in climbing international freight costs, and the price spread b etween global and local coal prices will be squeezed, making overseas coal lose its price advantage, say analysts.
The consensus in China's coal industry is that prices agreed in coa l supply contracts will rise, but the upward margin remains under deba te, disclosed insiders with China Coal Transportation and Distribution
Association.
A 5 to 10 percent rise in thermal coal contract price looks likely in 2010, according to most coal trader researchers with local securit y dealers.
More flexible online convergence of coal production, transportation , and demand will be launched domestically in 2010, which should make it easier for local users to acquire coal.
Source: I Stock Analyst
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Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port. ...
Friday, 04 December 09
SUBHASH PROJECTS BEGINS MINING AT INDONESIAN COAL BLOCK
Kolkata-based infrastructure company Subhash Projects and Marketing (SPML) has begun mining at its coal block in Indonesia and will begin despatchin ...
Friday, 04 December 09
DRY BULK MARKET IS ON THE RISE AGAIN
Proving rather resilient, compared to previous behaviors, the dry bulk market has been on a rebound mode once again, after a two-week fall, which su ...
Friday, 04 December 09
INDONESIA'S BUMI EYES MARKETING DEAL FOR BERAU COAL
Reuters reported that, Indonesian coal miner PT Bumi Resources Tbk said on Thursday it is in talks to be the exclusive marketing agent for coal prod ...
Friday, 04 December 09
KALIMANTAN GOLD AGREES TO SELL IBP COAL CONCESSION
COALspot.com ( Press Release): Kalimantan Gold Corporation Limited ("KLG" or the "Company"), which undertook drilling and had an ...
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- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- White Energy Company Limited
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- PTC India Limited - India
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
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