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Tuesday, 08 December 09
HIGH GLOBAL COAL PRICES HIT POWER PROJECTS
 Spot prices for the fuel have appreciated almost 10% in November.
After a sedate year, rising coal prices could hit the coffers of import-based domestic power generators in the next year. Spot prices for the fuel at Australia’s Newcastle port, a benchmark for Asia, have appreciated almost 10 per cent in November and rates at China’s Qinhuangdao port, a standard for the world’s largest coal consumer, have also seen a steady increase over the last two months.
Harried by the supply-demand mismatch in Indian coal production, a number of private sector power companies have pegged their port-based projects on overseas coal, with a specific dependence on the Indonesian variety. These include Reliance Power, which intends on using Krishnapatnam port, Essar Power, through Salaya port, and Tata Power as well as Adani Power, both of who will use Mundra Port.
“With Indian coal mining companies being unable to provide service to power producers such as NTPC, there is a huge dependence on the international market which is expected to increase as the volumes required are just not available in the country. Although long-term arrangements are being worked out, substantial amount of coal comes through the import route at present,” an analyst with InfralineEnergy Reseach and Information said.
However, with Indonesia’s thermal coal export growth likely to see a marked slowdown, importing the fuel will become more expensive for Indian firms.
Although Indonesian exports account for over 35 per cent of the global sea-borne coal market, the ability of Indonesian producers to ramp up production for sustaining export growth could be constrained by delay and regulatory uncertainties. Also, rising demand from Indonesian power producers and cautious capex programmes by major miners there, due to the global crisis, could see the prices of Indonesian coal rising in the coming months, according to a research by Citigroup.
Supply tightness is also expected to persist globally as export growth in both Australia and South Africa will be restricted due to port and rail infrastructure development. In the latter market, growing domestic demand, too, is likely to have an impact on thermal coal prices, an analysis by AME Mineral Economics suggested.
Moreover, thermal coal prices will also lent a degree of robustness as China, a study by Barclays Capital says, is likely to remain a major importer next year on the back of mine consolidation, expectation of a strong economic growth and possibility of higher taxes. In recent weeks, an increase in heating demand in China, triggered by the harshest winter in almost six decades, have spiked coal prices at Qinhuangdao port.
“Considering almost half of the coal requirement for the new coastal power projects is to be brought in from abroad, there will definitely be an impact on power companies. Although the cost of generation will increase, passing on the burden to the consumer will be tough and it will have to be absorbed by the generators themselves,” Angel Broking analyst Rupesh Sankhe said.
Although power companies have been allocated coal blocks for captive use, exploration and production from these might not happen immediately. Also, with many firms scouting for coal assets overseas, there is a dependence on spot purchases in the short-term.
“Larger players who have already secured assets abroad are unlikely to be affected and their consumers will not be hit if global coal prices rise. However, those firms who don’t have their own mines and are dependent on the market will have to bear the brunt,” Visa Group Chairman Vishambhar Saran said.
Although India has substantial non-coking coal reserves, in the range of 230 billion tonnes, there has been an increased reliance on imported coal. In 2007-08, the country imported about 28 million tonnes of non-coking coal as compared to 8.69 million tonnes in 2003-04. However, according to Citigroup estimates, India could have a combined import demand for thermal and coking coal to the tune of 140 million tonnes per year by 2013-14.
Source: Business-Standard
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Monday, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...
Monday, 14 December 09
SOUTH AFRICAN STEAM COAL PRICES FIRMING UP FOR Q1 TRADE
Reuters reported that Q1 South African coal prices firmed again slightly largely on Asian demand but European delivered prices were little changed.
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Sunday, 13 December 09
THE FREIGHT MARKET SEEMS TO BE COMING OFF A BIT AND THE MARKET MAY BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com (Singapore): "The market softened this week especially in the Cape and Panamax segment , where as the Supramax and Handy size was ...
Sunday, 13 December 09
NAPOCOR CUTS COAL IMPORT PROJECTION FOR 2010
STATE-RUN National Power Corp. slashed its planned coal importation for 2010 to only 200,000 metric tons from 3.4 million MT this year, as the gover ...
Sunday, 13 December 09
CHINESE BUYERS SEEK LARGE TONNAGE OF SOUTH AFRICA STEAM COAL
Reuters reported that Chinese utilities on the coast and inland are seeking several cape cargoes each of South African coal for 2010 delivery becaus ...
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- Maheswari Brothers Coal Limited - India
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- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
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- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
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- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
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- Africa Commodities Group - South Africa
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
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- Binh Thuan Hamico - Vietnam
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- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
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- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- The University of Queensland
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Aditya Birla Group - India
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
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- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
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- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
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