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Tuesday, 05 January 10
WINTER WEATHER SPIKES COAL PRICES - CHINA UPDATE
 Cold weather is driving coal prices higher and will lend the advantage in annual negotiations to suppliers, analysts said, predicting that the rising price will lead to more upstream mergers and acquisitions of power companies with coal suppliers.
Many of China's southern provinces, including Jiangsu, Hubei and Anhui, face power constraints, China Business News reported Monday. Current coal prices as of Monday grew between 4-9 percent over last week, said Huang Peilin, head of www.cctd.com.cn, the official coal transport and distribution information provider.
The Shanxi Datong reserve increased coal prices Monday by 20 percent from early December to 550 yuan ($80.53) per ton, while coal prices at the benchmark Qinhuangdao port went up more than 30 percent over the same period a year earlier, according to China Coal Information.
Cold weather resulted in rising power demand and coal consumption. Coal reserves in China's southern provinces are at a less than 10-day supply, compared with a normal inventory of 10-20 days, said Cao Yin, an energy and power sector analyst at Frost & Sullivan, a consulting firm.
The low inventory is due to unexpected pent-up power consumption following China's strong economic recovery. Electricity consumption grew 20-30 percent in December month-on-month from 6 percent in June, he said.
Many southern provinces rely on hydropower, but the dry winter season means they must use coal for power production, Huang said.
China's power companies used to import coal from overseas due to lower prices. However, the increasing demands of other economies are driving the international price closer to the domestic price, Cao said. Coal from Australia delivered to Guangdong ports stood at $100 per ton Monday, driving power companies back to domestic suppliers.
The cold weather has also hampered transportation by train and ship from coal reserves in China's midwest region to power plants in the east and coastal areas, Cao said.
The soaring prices could make it hard for power companies to strike a deal with coal suppliers for this year's annual contract, he said. Power companies and suppliers typically sign year-long contracts at less than the market price, but many suppliers have hesitated to sign such long contracts due to the fluctuation of coal prices, Cao remarked.
On the other hand, State power companies have difficulty in passing rising costs on to users, so they can't compromise either, which has led to demand often being only partially met almost every year, Cao said. To read more Alibaba
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Wednesday, 13 January 10
SOUTH AFRICA STEAM COAL PRICE FALLS SHARPLY
Reuters reported that South African physical coal prices fell sharply on Tuesday with a March cargo trade at USD 87.5 a tonne FOB Richards Bay and d ...
Wednesday, 13 January 10
ADHUNIK GROUP TO BUY 50 PCT IN AUSTRALIA MINE
The Adhunik group of Industries is in talks to acquire 50 percent in an Australian coking coal mine for $100 million, the Economic Times reported on ...
Wednesday, 13 January 10
COAL MARKETS 2010 CONFERENCE - SINGAPORE, 28 - 29 JANUARY 2010
COALspot.com (Press Release): As an established annual event that has been running for more than 7 years now with extensive industry support from ke ...
Wednesday, 13 January 10
IRON ORE PRICE TIPPED TO RISE 40PC, SAYS ANZ
THE price battle in the controversial iron ore negotiations is expected to intensify.
ANZ senior commodities analyst Mark Pervan has increased h ...
Wednesday, 13 January 10
KANGAROO RESOURCES KICKS OFF INDONESIAN COAL PRODUCTION
Coal-focused company Kangaroo Resources has formally joined the ranks of international coal operators after wrapping up the delivery and sale o ...
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- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- VISA Power Limited - India
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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