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Wednesday, 16 December 09
CHINA 2010 COAL TERM PRICES SEEN RISING 8% ON YEAR
Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year's levels, as demand for power has been roaring back due to steady economic recovery, analysts and industry officials said.
But higher coal prices may bring a tough year for power plants, in the absence of power tariff hikes or pricing scheme reforms.
Six analysts surveyed by Reuters expect term prices for thermal coal, used in power generation, to rise between 5 and 20 percent from this year's levels, with consensus around 8 percent.
"I think an 8 to 10 percent rise would be reasonable, given the rapid climb in spot prices, as well as strong demand for coal and power," said Martin Wang, an analyst at Guotai Junan Securities in Hong Kong.
"Utilities, however, are facing a tough year. They might still be able to make a profit, after they've phased out the inefficient power generators. But the profit margin would vary from company to company."
Coal miners and power plants were in a stalemate over this year's term prices for months, before some power plants quietly accepted price hikes demanded by coal miners, as power consumption recovered and spot coal prices strengthened.
Spot thermal coal prices in Qinhuangdao, the country's top coal shipping port, rose nearly 30 percent from mid-September, when prices started to steadily climb.
Coal with calorific value of 5,500 kcal/kg (NAR) was quoted in the range of 730 yuan to 750 yuan ($106,9 - $109,9) a tonne, according to the Qinhuangdao Seaborne Coal Market.
The current price is about 37 percent higher than 540 yuan a tonne, the benchmark free-on-board term price offered by Shenhua, China's top coal producer.
Meanwhile, China's power generation in November rose 26,9 percent on the year, the fastest growth in nearly 4 years, as industrial activities continued to accelerate and cold weather spurred heating demand.
TOUGH YEAR AHEAD FOR UTILITIES
Power utilities, which just returned to profit this year due to lower coal prices, are again facing steep rises in production cost and coal miners with increasing negotiating power.
"There is an increasing monopoly in the coal industry, as the consolidation is pushing forward. But the power sector is still segmented," said an executive at a large power generating group.
China's five major power generating groups, including the parents of GD Power Development Co Ltd, China Power International, Datang International Power Generation Co Ltd, Huadian Power and Huaneng Power International, generate nearly half of national output.
"We can't do anything. If coal costs rise, we'll probably see sector-wise losses again," said the executive.
Beijing has cancelled the annual coal price negotiating conference and instead asked suppliers and users to complete deals within a month, while pledging to improve the power tariff pricing scheme and keep coal prices stable.
Source: Reuters / Mining weekly
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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 ...
Tuesday, 08 December 09
RICHARDS BAY COAL SHIPMENTS FELL 11% IN NOVEMBER FROM YEAR AGO
Coal exports from South Africa’s Richards Bay, site of the continent’s largest export terminal for the fuel, fell 11 percent in November ...
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- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- MS Steel International - UAE
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- White Energy Company Limited
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
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