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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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Monday, 04 January 10
TOKYO ELECTRIC SEALS XSTRATA COAL DEAL
Tokyo Electric Power Co has agreed to pay about $US85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the pri ...
Monday, 04 January 10
IND-BARATH TO SHIFT PROJECT FROM AP TO TN
Hyderabad-based power producer Ind–Barath is planning to set up a power plant at Tuticorin, Tamil Nadu. The proposed project would attract inv ...
Sunday, 03 January 10
NEWCASTLE THERMAL COAL PRICES FALL IN FIRST DECLINE IN 3 WEEKS
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 1.5 percent, falling for the first time in three weeks ...
Sunday, 03 January 10
NTPC SEEKS REPORT ON TRANSPORTING COAL THROUGH WATERWAYS
State-run National Thermal Power Corporation (NTPC), the country’s largest power utility, has asked for a “holistic” feasibility r ...
Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
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- Planning Commission, India
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Australian Coal Association
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- The University of Queensland
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
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