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