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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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- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
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