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Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
 The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which majority of steel makers sign long-term agreement with suppliers, said senior executives of two large steel companies.
This, in turn, would increase the production cost and may adversely affect the bottom-line of steel producers unless they pass on the incremental cost to the consumers, said a senior executive of a leading steel maker.
There are couple of reasons for the price rise, said JSW Steel joint managing director Seshagiri Rao. “Due to economic crisis of 2008, many mines in Australia, which are dominant in coking coal, have shut down. This has resulted in sharp decline in supply of coking coal in comparison to early 2007,” he said. Domestic steel producers largely import coking coal from Australia.
In addition to the supply constraint, demand for coking coal from China, which was so far going slow on steel production, has again picked up, Rao said.
Due to the global economic slowdown, coking coal prices (long term and spot) had come down to less than half in April 2009 in comparison to the previous year. In April 2009, domestic steel makers had entered into long term agreement with overseas suppliers for coking coal at around $130 per tonne as against $300 per tonne in the previous year.
The spot price for the coking coal have come down to $180/tonne from a high of $400/tonne in April 2008. Spot prices of coking coal have, however, again started moving up.
As a result, steel producers such as Steel Authority of India (Sail), Tata Steel and JSW may land up signing long term agreements for coking coal at around $145-150 per tonne in April when these long term agreements will come for renewal.
“Indications show that there could be a marginal hike in long-term contracts’ prices for coking coal next year. The prices hike will also bridge the vast gap between long term and spot market prices,” said a senior SAIL executive. India’s largest steel maker Sail consumes 10 million tonne of coking coal every year and is largely dependant on Australia and the US for imports.
JSW Steel consumed 4.5 million tonne of coking coal this year and the requirement will further go up to 5 million tonne next year.
Source: Economic Times
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Tuesday, 22 December 09
NEWCASTLE COAL SHIP QUEUE LONGEST IN TWO YEARS AS EXPORTS SLOW
Bloomberg reported that, the queue of coal ships waiting at Australia’s Newcastle port, the world’s biggest export harbor for the fuel, ...
Monday, 21 December 09
INDONESIA HAS EXPORTED AROUND 195.303 MILLION TONS OF COAL TILL END OF NOVEMBER 2009
COALspot.com (Indonesia): China has been the largest single buyer of Indonesian coal in November 2009, by taking 28.69% of total exported quan ...
Monday, 21 December 09
RUSSIAN COAL MINER SUEK EYES '10 LONDON IPO
* Company valued at around $8-$9 bln - banking source
* IPO could take place in H1 - source
* May list 25 pct of share capital - report
Reuters ...
Monday, 21 December 09
IGCC OUTLOOK CHINA 2010 TO BE HELD IN APRIL 2010 IN SHANGHAI
COALspot.com (China): Press Release - Aiming at unveiling the growth area of IGCC polygeneration, IGCC Outlook China 2010 is planned to be hel ...
Sunday, 20 December 09
GLOBAL COAL MAJORS MAKE THEIR PRESENTATIONS
Major energy companies from four countries, including the U.S., Indonesia and South Africa, have completed detailed presentations before a committee ...
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- VISA Power Limited - India
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- Directorate Of Revenue Intelligence - India
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- Kobexindo Tractors - Indoneisa
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- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
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- Larsen & Toubro Limited - India
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- Chamber of Mines of South Africa
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- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Planning Commission, India
- Oldendorff Carriers - Singapore
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- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
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- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Parliament of New Zealand
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
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- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- The University of Queensland
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- Georgia Ports Authority, United States
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- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
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- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
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- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- TNB Fuel Sdn Bhd - Malaysia
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- GN Power Mariveles Coal Plant, Philippines
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- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
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