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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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Friday, 13 November 09
API4 IGNORES LOW COAL TRADES - SWISS SINGAPORE
* Jan, Feb S.Africa coal prices hit 12-month highs
* Indian trader says deals done dollars below index
Reuters reported that, the physical coal ...
Thursday, 12 November 09
INDONESIA'S BUMI COAL PRODUCTION TO INCREASE
The sale is predicted to jump 14 percent to 58 million tons.
Viva News reported that, PT Bumi Resources Tbk. (BUMI) projected that the company's ...
Thursday, 12 November 09
INDIA'S BHEL IS IN INDONESIA NOW WITH THE COST EFFECTIVE CFBC BASED BOILER TURBINE PACKAGES
COALspot.com(Indonesia): BHEL, the largest engineering and manufacturing enterprise in India in the energy-related / infrastructure sector, is now f ...
Thursday, 12 November 09
NTPC FARAKKA AND KAHALGAON UNITS SHUT DOWN ON COAL SHORTAGE
Operations at two units each of power major NTPC Ltd’s 1600 MW Farakka and the 2340 MW Kahalgaon stations have ground to a halt due to an acut ...
Thursday, 12 November 09
GANGAVARAM PORT SETS RECORD BY DISCHARGING 80,514 TONNE OF COAL CARGO
Gangavaram Port, the deepest port in the country with water depth of 20 meters, has achieved an unprecedented milestone by discharging 80,514 metric ...
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- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
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- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
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- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
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- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- The University of Queensland
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
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- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
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- Rashtriya Ispat Nigam Limited - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
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