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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 $100 per ton Monday, driving power companies back to domestic suppliers.
The cold weather has also hampered transportation by train and ship from coal reserves in China's midwest region to power plants in the east and coastal areas, Cao said.
The soaring prices could make it hard for power companies to strike a deal with coal suppliers for this year's annual contract, he said. Power companies and suppliers typically sign year-long contracts at less than the market price, but many suppliers have hesitated to sign such long contracts due to the fluctuation of coal prices, Cao remarked.
On the other hand, State power companies have difficulty in passing rising costs on to users, so they can't compromise either, which has led to demand often being only partially met almost every year, Cao said. To read more Alibaba
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Saturday, 19 December 09
THE FUTURES FOR 2010 - 2012 FIRMED UP COMPARED TO LAST WEEK AND WAS AT AROUND CAPE US$ 28,000 PER DAY - VISTAAR
COALspot.com (Singapore): The freight market continued to soften this week with major drop in the cape size index by almost 21 pct and Panamax , Sup ...
Friday, 18 December 09
CARGOTEC WINS IBJ'S BEST SHIP LOADING / UNLOADING SYSTEM AWARD WITH SIWERTELL
Cargotec’s Siwertell ship unloader has recently won International Bulk Journal’s best ship loading/unloading system award for 2009; out ...
Friday, 18 December 09
THERMAL COAL PROJECT MOVES AHEAD
A proposal for Australia's largest thermal coal project in Queensland's central west has taken a step forward.
Hancock Prospecting is proposing ...
Friday, 18 December 09
CHURCHILL MINING COMPLETES FEASIBILITY STUDY FOR EAST KUTAI COAL PROJECT
Churchill Mining Plc has announced the completion of the feasibility study for its flagship project, the 75% held East Kutai coal project in Indones ...
Friday, 18 December 09
COKING COAL SHORTAGE IN CHINA TO SPUR DEMAND FIGHT WITH JAPAN
China, the world’s largest steelmaker, faces a shortage of coking coal that may drive imports next year and spur a fight for resources with Ja ...
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- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Planning Commission, India
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Aditya Birla Group - India
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
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