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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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Thursday, 17 December 09
THE 6TH CLEAN ENERGY FORUM - CLEAN COAL 2010
COALspot.com (China) - Press Release: The 6th Clean Energy Forum--Clean Coal 2010 January 27-29, 2010 Renaissance Tianjin Teda Hotel And Conven ...
Thursday, 17 December 09
JFE STEEL INVESTS $555 MILLION IN AUSTRALIA COAL MINE
JFE Steel Corp., Japan’s second- largest producer, will invest 50 billion yen ($555 million) in a coal mine in Queensland, Australia, includin ...
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, ...
Thursday, 17 December 09
RBCT PROBLEMS TO CAUSE STEAM COAL PRICE SPIKE IN Q1
Bugs in the new computer system at South Africa's Richards Bay Coal Terminal and persistent rail problems will make it impossible for exporters to ...
Thursday, 17 December 09
CIL TO IMPORT 4 MILLION TONNES COAL FOR NTPC
The country's largest coal miner Coal India Ltd (CIL) will import 4 million tonnes of coal for state-run power company NTPC.
"Earlier, ther ...
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- Posco Energy - South Korea
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
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- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- White Energy Company Limited
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
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- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
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- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
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- Jorong Barutama Greston.PT - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
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- Ministry of Mines - Canada
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- MS Steel International - UAE
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- McConnell Dowell - Australia
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- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
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- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
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- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Australian Coal Association
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- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
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- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
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- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
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