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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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Thursday, 03 December 09
PROLONGED COAL MARGIN SQUEEZE AHEAD - WESCOAL
Mining Weekly reported that, Coal junior Wescoal foresees a continued margin squeeze ahead. The JSE AltX-listed company's gross margin was reduced ...
Tuesday, 01 December 09
COAL DEMAND REBOUNDING FROM DOWNTURN - U.S. MINING EXECS
The coal industry is slowly rebounding from last year's recession with demand and prices inching upward, although inventories at U.S. power ...
Tuesday, 01 December 09
INDONESIA COAL OUTPUT SEEN LIFTED BY CHINA, INDIA
Reuters reported that, Indonesia's coal output is expected to grow by as much as 12 percent in 2010, boosted by demand from power hungry China and ...
Monday, 30 November 09
NTPC SCOUTS FOR MORE COAL BLOCKS IN INDONESIA
State-run National Thermal Power Corporation (NTPC) today said it has identified three more coal blocks in Indonesia for acquisition.
"We ha ...
Monday, 30 November 09
THE FUTURES FOR THREE YEARS (2010-2012) WAS SOFT COMPARED TO LAST WEEK - VISTAAR SINGAPORE
COALspot.com (Singapore): BDI continued to drop this week and touched below 4,000 mark level. The drop in BDI was almost 12 pct and closed at 3,975 ...
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- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
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- New Zealand Coal & Carbon
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- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
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- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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