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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, 16 December 09
COAL MARKETS 2010 CONFERENCE - PRESS RELEASE
COALspot.com (Singapore) Press Release – Back for the 8th year, Coal Markets 2010 will be taking place in Singapore on 28 – 29 Jan ...
Wednesday, 16 December 09
CHINA 2010 COAL TERM PRICES SEEN RISING 8% ON YEAR
Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year's levels, as demand for power has been roaring ba ...
Wednesday, 16 December 09
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL INTERESTS
Emerging coal producer Kangaroo Resources has significantly enhanced its production pipeline in Indonesia after reaching agreement to acquire a coki ...
Wednesday, 16 December 09
UAE'S RAS AL KHAIMAH TO INVEST $5.2B IN EAST KALIMANTAN PROJECT
Shrugging off neighbor Dubai’s debt problems, the smaller United Arab Emirate of Ras Al Khaimah announced on Tuesday that it would increase it ...
Wednesday, 16 December 09
COECLERICI EYES SECOND RUSSIA COAL MINE
* CEO says "seriously considering" mid-small size purchase
* Will use mine to increase exports to Asia
* Says delays at ports will not c ...
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- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Bhatia International Limited - India
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
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