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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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Wednesday, 09 December 09
INDONESIA'S RECAPITAL TO PAY $1.48 BLN FOR BERAU
Recapital Advisors, an Indonesian investment firm, will pay $1.48 billion in cash and notes to buy coal miner PT Berau Coal, $300 million of which i ...
Wednesday, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES
Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reser ...
Wednesday, 09 December 09
INDIA NEEDS TO IMPORT 29 MILLION TONNE STEAM COAL IN 2009 - 10
Mr Sriprakash Jaiswal Indian minister of state (Independent Charge) for coal informed the Rajya Sabha that Central Electricity Authority has estimat ...
Tuesday, 08 December 09
VOLATILE COAL PRICES SPUR ASIAN HEDGING
Volatile coal prices are forcing staid Asian power firms to change the way they buy fuel, setting the scene for a hedging boom as a growing array of ...
Tuesday, 08 December 09
MEC TO SHIP 2M T INDONESIA COAL TO INDIA IN 2010 - REUTER'S INTERVIEW
The UAE's Middle East Coal plans to start operation of coal mines in Indonesia's East Kalimantan province next year with initial production of 2 m ...
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- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Planning Commission, India
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
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