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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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- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- White Energy Company Limited
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- The University of Queensland
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
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