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Friday, 08 January 10
SA COAL PRICES TO SPIKE ON RESUMED INDIA BUYING
South African coal prices are set for another price surge to over $100 a ton FOB as Indian and Chinese buyers compete for limited prompt supply, producers and traders said.
Indian buyers have been waiting since October for South African prices to fall back to $50,00 and many are yet to buy substantial tonnages which they have committed to end-users for Q1 delivery, traders and producers said.
Contrary to Indian traders' expectations, South African prices rose steadily during November and surged in December and again in early January to around $90,00 a ton FOB Richards Bay.
"The Indians have totally missed the boat. We have nothing left for Q1 and not much for Q2 and we're not alone. We've done business into China already and have enquiries for one-million tons from one Chinese utility alone," one major South African producer said.
"India needs at least 1-1,5 million tons a month from South Africa and if you assume cautiously that they only need to buy half of that during Q1, they will struggle to find it from anywhere in the market," he added.
India took over 30% of South Africa's 62-million tons of exports in 2009 and needs a similar tonnage in 2010.
"We've definitely noticed a rush in calls from desperate-sounding Indian trading companies looking for February and March coal," one broker said.
"Some of them are starting to realise that the market is genuinely tight and prices are not going to go down. They need to make some decisions very quickly if they want South African coal," he said. To read more Mining Weekly / Reuters
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Wednesday, 06 January 10
BUMI SHARES UP AS OVERALL PERFORMANCE BEATS PREDICTIONS
The world’s largest thermal coal exporter PT Bumi Resources saw its shares jump 10 percent to Rp 2,675 ($29 US cents) on Tuesday after the com ...
Wednesday, 06 January 10
INDIA MAY HAVE BECOME TOP BUYER OF SOUTH AFRICAN COAL
India may have overtaken Europe for the first time as the biggest purchaser of South African coal in 2009, according to Raymond Chirwa, Richards Bay ...
Wednesday, 06 January 10
COAL PEAK RECEDES INTO THE FAR DISTANCE
COALspot.com (German): Coal will be available to mankind as an energy source for the next 120 years.
The German Coal Importer Association has ca ...
Tuesday, 05 January 10
SUPRAMAX MARKET REMAINED QUIET OVER THE LAST 10 DAYS BRS - DRY BULK
Despite a damp end to the year for bulk rates, shipping has weathered the storm far better than was initially expected in the wake of the financ ...
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 risin ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Planning Commission, India
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- The University of Queensland
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
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