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Thursday, 17 December 09
CHINA, INDIA DEMAND MAY BOOST THERMAL COAL PRICE, JPMORGAN SAYS
Demand for thermal coal from China and India may boost prices of the fuel to $80 a metric ton next year amid reduced supplies and lower inventories, JPMorgan Chase & Co. said in a report.
Prices of coal burnt at power stations may rise to $85 a ton in 2011 from $70 this year, JP Morgan said in a report today. China and India may import a combined 63.9 million tons of thermal coal next year and 56.4 million tons in 2011, it said. Power-station coal prices at Newcastle port, a benchmark for Asia, fell 0.7 percent to $79.90 a metric ton in the week ended Dec. 11, according to the globalCOAL NEWC Index.
“Supply will be tight in the next two years,” Stevanus Juanda, a Jakarta-based analyst for JP Morgan, said in the report. “In the second half of 2009, we have observed sizable imports of coal by China, due to the closure of mines in the Shanxi region and rise in electricity generation.”
Chinese imports of both thermal and coking coal may exceed 100 million metric tons in 2009 and rise to 200 million tons annually over the next several years, JPMorgan said in a report last month. China imported about 41 million tons last year and imported about 97 million tons in the first 10 months of this year,
Bloomberg data show.
Lack of supplies and an increase in demand may result in global thermal coal inventories declining from 40 million tons this year to 22.7 million in 2010, and stay at 25.6 million in 2011, JPMorgan said.
Indonesia may be able to offer only 15 million tons of additional supplies to the export market in 2010 and about 6 million tons in 2011 because of domestic obligations, the report said. Australian thermal coal exports will increase marginally by 2 million tons in 2010 while staying flat in 2011, it said.
Indonesia and Australia together supply about 50 percent of the global thermal coal exports, according to the report.
Benchmark thermal coal grades may rise to about $100 a metric ton in the fourth quarter of 2010, led by economic growth in Asia and underinvestment in coal capacity, Dileep Srivastava, senior vice president for investor relations at PT Bumi Resources, said in October.
Source: Bloomberg
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Wednesday, 16 December 09
COAL MARKETS 2010 CONFERENCE - PRESS RELEASE
COALspot.com (Singapore) Press Release – Back for the 8th year, Coal Markets 2010 will be taking place in Singapore on 28 – 29 Jan ...
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 ba ...
Wednesday, 16 December 09
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL INTERESTS
Emerging coal producer Kangaroo Resources has significantly enhanced its production pipeline in Indonesia after reaching agreement to acquire a coki ...
Wednesday, 16 December 09
UAE'S RAS AL KHAIMAH TO INVEST $5.2B IN EAST KALIMANTAN PROJECT
Shrugging off neighbor Dubai’s debt problems, the smaller United Arab Emirate of Ras Al Khaimah announced on Tuesday that it would increase it ...
Wednesday, 16 December 09
COECLERICI EYES SECOND RUSSIA COAL MINE
* CEO says "seriously considering" mid-small size purchase
* Will use mine to increase exports to Asia
* Says delays at ports will not c ...
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- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- ASAPP Information Group - India
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- PTC India Limited - India
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
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