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