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Friday, 08 January 10
COLOMBIAN COAL STARTS TO MOVE TO CHINA - TRADERS
* Producer sells cape cargo Colombian coal to China
* Firm bids in freight market
* More shipments expected
Colombian coal is starting to move into China to feed the voracious demand of coastal utilities which cannot get enough domestic coal, traders said on Thursday.
New Colombian spot business into China will accelerate the global tightening of coal supply and continued rise in prices, they said.
"It's certainly getting interesting and I can't say too much about the cargo we sold but the appetite for coal from Colombia - and elsewhere - in China is there," a Colombian coal exporter said.
"It remains to be seen how much they actually book but there do seem to be opportunities for spot business. It's difficult now because the market's so volatile and swaps prices move dramatically within a few hours," he said.
China is the world's largest coal producer but imported over 50 million tonnes in 2009 because imports to coastal utilities were cheaper than domestic coal railed or shipped from mines in the north.
The current severe weather in China is disrupting domestic deliveries and increasing power demand at the same time, traders said. While this continues, China will suck in coal from all possible origins.
COLOMBIA WINDOW
During 2009 strong freight rates kept the delivered cost of Colombian coal to China uncompetitive compared with Australian, Russian, Indonesian and South African coal.
Colombia was the sole major coal exporting country unable to benefit from Asia's hunger for coal last year but a window is opening to allow some spot trades, they said.
"There's not going to be major term business of millions of tonnes from Colombia to China in 2010 but it's fair to say that the window is opening for some spot cargoes. Some opportunistic trade is looking viable right now," one major European utility/trader said.
A prompt loading cape cargo of Colombian coal has been sold this week to a Chinese utility by a producer, said a major Colombian producer who declined to be identified.
"There are enquiries in the freight market, there are firm numbers being talked now from Colombia to China," said Emmanuel Fages, analyst with Paris-headquartered Societe Generale. To read more Reuters / Alibaba
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Thursday, 17 December 09
THE 6TH CLEAN ENERGY FORUM - CLEAN COAL 2010
COALspot.com (China) - Press Release: The 6th Clean Energy Forum--Clean Coal 2010 January 27-29, 2010 Renaissance Tianjin Teda Hotel And Conven ...
Thursday, 17 December 09
JFE STEEL INVESTS $555 MILLION IN AUSTRALIA COAL MINE
JFE Steel Corp., Japan’s second- largest producer, will invest 50 billion yen ($555 million) in a coal mine in Queensland, Australia, includin ...
Thursday, 17 December 09
CHINA, INDIA DEMAND MAY BOOST THERMAL COAL PRICE, JPMORGAN SAYS
Demand for thermal coal from China and India may boost prices of the fuel to $80 a metric ton next year amid reduced supplies and lower inventories, ...
Thursday, 17 December 09
RBCT PROBLEMS TO CAUSE STEAM COAL PRICE SPIKE IN Q1
Bugs in the new computer system at South Africa's Richards Bay Coal Terminal and persistent rail problems will make it impossible for exporters to ...
Thursday, 17 December 09
CIL TO IMPORT 4 MILLION TONNES COAL FOR NTPC
The country's largest coal miner Coal India Ltd (CIL) will import 4 million tonnes of coal for state-run power company NTPC.
"Earlier, ther ...
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- Siam City Cement - Thailand
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- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Parliament of New Zealand
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Planning Commission, India
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- Billiton Holdings Pty Ltd - Australia
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- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
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- Coal and Oil Company - UAE
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- Pipit Mutiara Jaya. PT, Indonesia
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- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
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- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
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- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- VISA Power Limited - India
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
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- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
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- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
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- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
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- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- The University of Queensland
- PTC India Limited - India
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
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