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Friday, 18 December 09
COKING COAL SHORTAGE IN CHINA TO SPUR DEMAND FIGHT WITH JAPAN
 China, the world’s largest steelmaker, faces a shortage of coking coal that may drive imports next year and spur a fight for resources with Japanese and South Korean mills, two Chinese industry groups said.
“Domestic demand for coking coal will rise moderately next year, while global demand may gain faster, intensifying competition,” Wu Chenghou, senior adviser of the China Coal Transportation and Distribution Association, said in an interview.
China’s coking coal imports rose 12-fold this year, boosting sales of BHP Billiton Ltd. as the government closed smaller, unsafe mines. Prices may jump by between 23 percent and 38 percent in 2010, as global demand rebounds from the deepest recession since the 1930s, according to Macquarie Securities Group, JPMorgan Chase & Co. and Morgan Stanley.
“China doesn’t have enough domestic supply to meet increasing demand from its steelmakers,” said Zhang Bochun, secretary general of the Hebei Coking & Chemical Industry Association. Mills would “compete with foreign rivals,” he said in an interview.
Chinese imports in 2010 may be similar to this year, Zhang said. Hebei province buys the most coking coal in China, according to industry researcher Mysteel.com. The nation’s $586 billion stimulus spending is spurring automakers and property developers to buy more steel, leading Baoshan Iron & Steel Co. and Chinese mills to expand coal consumption to feed furnaces.
Intense Competition
Import demand by China, the world’s biggest coking coal buyer after Japan, may rise 5.6 percent to 38 million metric tons next year from an expected 36 million tons this year, Macquarie analysts led by Jim Lennon said in a Dec. 15 report. Domestic coal prices in the nation may increase 14 percent next year, Citigroup Inc. said in a Dec. 4 report.
Japan’s purchases may jump 14 percent to 58 million tons, and South Korea’s demand may rise 17 percent to 21 million tons next year, Macquarie said.
“BHP and other suppliers may add exports to Japan and South Korea because demand is picking up there,” said Zhang Weifang, a Shanghai-based analyst of Mysteel.com. “The Chinese would probably have to pay higher spot prices, compared to their foreign rivals who would pay lower contract prices.”
China would be demanding more high quality hard-coking coal in the future as it expands mills, BHP Billiton said in a September slide presentation. The nation this year “emerged” to fill a demand gap for coking coal, the world’s largest mining company said.
World’s Worst Mines
The Chinese government started closing small coal mines in 2008 to improve their safety records after 3,770 workers were killed in 2007, making the mines the world’s deadliest. China produced 705.1 million tons of coking coal last year, according to Beijing Antaike Information Development Co.
Congestion on railways is also boosting imports by steelmakers which have furnaces near ports, said Mysteel’s Zhang.
These mills may get 20,000 tons to 30,000 tons of coal monthly by railway, she said. A ship can carry 70,000 tons, and take just half a month from Australia to China, she said.
Benchmark contract prices may surge to $180 a ton from $129 a ton, Macquarie forecast. JPMorgan and Morgan Stanley expect prices to jump to $160 a ton.
Steel demand growth in China will outpace supply in 2010, Deutsche Bank AG said Dec. 11. Steel output may exceed 600 million tons next year, after reaching a record 570 million tons this year, the China Securities Journal reported Dec. 17, citing Ma Guoqiang, general manager of Baoshan Steel Co., the nation’s largest steelmaker.
Source: Bloomberg
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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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- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
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- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
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