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Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. said.
Supply of the steelmaking raw material will fall short of demand by 27 million metric tons next year, a gap that will be filled by imports, Citigroup analysts Catherine Wang and Thomas P Wrigglesworth said in a Dec. 4 report.
China’s $586 billion stimulus spending has boosted steel demand from property developers and automakers. Steel output in China may rise 14 percent to 570 million tons this year, Xu Lejiang, chairman of the nation’s biggest producer Baosteel Group Corp., said last week in Beijing.
“Coking coal is our favorite bulk commodity,” the analysts said in the research report. “With limited supply, the sector is set to benefit from high levels of steel production in China.”
Hidili Industry International Development Ltd., southwestern China’s largest producer of coking coal, gained as much as 2.9 percent to HK$9.35 and traded at HK$9.25 at 10:40 a.m. The stock has almost quadrupled this year.
Coking coal demand in China may increase 9 percent to 509 million tons from this year, while production will grow 10 percent to 482 million tons, the report said. The forecast is based on pig-iron production of 597 million tons next year, according to the report.
Benchmark coking coal prices have risen 10 percent since May to 1,260 yuan a ton in Pingdingshan, according to industry researcher Steelhome. Pingdingshan, a city in China’s central Henan province, holds China’s largest reserves of coking coal.
Source: Bloomberg
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Saturday, 12 December 09
QUEENSLAND APPROVES A$4 BILLION COAL TERMINAL PROJECT
Queensland’s state government said it has signed a mandate approving development of the A$4 billion ($3.7 billion) Wiggins Island coal termina ...
Saturday, 12 December 09
INDONESIA'S COAL RUSH - SOOTY SUCCESS
Rising demand from China and India is stoking Indonesia’s exports of coal
FOR power stations on the coast of China, it is often cheaper to ...
Thursday, 10 December 09
ENVIROCOAL REGISTERED IN 33 COUNTRIES
PT Adaro concerned to register the brand overseas
PT Adaro Energy Tbk has registered the Envirocoal trademark for its coal products in 33 countri ...
Thursday, 10 December 09
INDIA TO IMPORT 28 MILLION TONNE OF STEAM COAL
Faced with short supply of coal from domestic sources, the Indian power ministry has revised upwards its coal import target for the current fiscal t ...
Thursday, 10 December 09
INDONESIA'S NEW MINING LAW WILL NOT LIMIT COAL EXPORTS, SAYS GOVERNMENT
The government will allow coal producers to continue exporting even if they miss domestic sales requirements, a senior mining official said, marking ...
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- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- The University of Queensland
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- The Treasury - Australian Government
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
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