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Wednesday, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK


COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on CIF EC India basis. The discharge port of those shipments would be either Chennai or Karaikal said an Indian Trader.

International and Indian traders have offered and waiting for finalization. India Cement may award orders next week. Traders have been buying South African coal at floating prices based on the API4 index but supplying on fixed price basis to Indian end users.

According to traders, India Cement may finalize the deal in between US$ 101 - 103 CNF EC India as several number of  traditional coal suppliers were participating in this inquiry.

According to an Indian coal supplier, Ambuja cement also bought a south African shipment at $95.00 a ton CIF West Coast India,  for January 2010 delivery.
(cs)



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