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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 because the delivered cost is USD 5 a tonne below their usual Australian supply.
South Africa exports have been curbed at around 60 million tonnes this year due to rail restrictions and are unlikely to be much higher next year. India has taken one-third of South Africa coal this year but Indian buyers may have to scramble for Q1 cargoes if the current Chinese enquiries turn into sales.
One trader who sells to Chinese power plants said "They're all asking for it, several capes each, it's all to do with the FOB spread between Australia and South Africa, but it remains to be seen if they'll pay the market price."
A South African coal producer said "The big power companies in China can see that the delivered South African price is lower than Australian and they want to take advantage of that."
China has become a key market for coal producers around the world in 2009. Australia and Indonesia supplied the bulk of imports but utilities have also bought Russian and a small quantity of South African to see if they could use it.
Source: Reuters / Steel Guru
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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 ...
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 ...
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- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
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- Heidelberg Cement - Germany
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- Energy Development Corp, Philippines
- GMR Energy Limited - India
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- Uttam Galva Steels Limited - India
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- Energy Link Ltd, New Zealand
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- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
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- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
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- Binh Thuan Hamico - Vietnam
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- Port Waratah Coal Services - Australia
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- Ministry of Transport, Egypt
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- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- The University of Queensland
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- The State Trading Corporation of India Ltd
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