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Friday, 15 January 10
CHINA POWER FIRMS SEEK COAL IMPORTS, SUPPLY SCARCE
 China's coal-hungry power plants have turned to imported coal to cope with widespread shortages, but spot supply is scarce, traders said on Thursday.
Coal stocks at China's major power plants edged higher from a week earlier to more than 20 million tonnes, sufficient for eight days of consumption by Wednesday, data by Zhongneng Power Industry Fuel Co and published on sxcoal.com, an industry data website, showed.
But some provinces and regions, including the eastern province of Anhui, central province of Henan, and the region around Beijing were at or below levels for 7 days of consumption, the data showed.
Power plants along the coast or even from inland provinces have been seeking imported coal as domestic supply failed to keep up with high winter demand due to limited production from key coal-producing regions such as Shanxi and transport bottlenecks caused by harsh winter weather.
Operations at ports along the northern China coast were threatened by the worst sea ice floes in three decades, but deliveries of coal from major ports were proceeding normally on Thursday, despite sporadic reports of delay in seaborne coal transportation.
"I've got inquiries from all over the place, including a power plant from inland Jiangxi province," said a coal trader in the southern province of Guangdong, but added that power plants gave up after comparing prices of domestic and imported coal.
Traders said they had few spot cargoes to sell to these power plants and the earliest delivery they could make would be in a few weeks.
"Some power plants wanted to buy one or two cargoes now, but I don't have any to sell to them. The earliest I can deliver will be mid-February or late-February," said a second coal trader based in the southern province of Guangdong.
For power plants along the southeastern coastline of China, imported coal is economic, even though prices of imported coal have rebounded from lows in early 2009. A trader based in eastern China's Jiangsu Province said coal from Indonesia was still about 10 percent cheaper than coal shipped from northern China.
In southern China's Guangzhou port, Indonesian coal with calorific value of 5,000 kcal/kg (NAR) was quoted at about 700 yuan ($102.5), while coal with the same calorific value from northern China was offered at 820 yuan a tonne, sxcoal.com said.
At Qinhuangdao, China's top coal-shipping port, prices of coal of the same grade rose about 4 percent from a week earlier to about 710 yuan a tonne.
But Indonesia, the second-largest source of China's imported coal, is already churning out coal at maximum capacity and unlikely to produce more to meet the appetite from China.
Supply of bituminous coal has been tight as Chinese buyers have been scouting for high-quality coal while rains in East Kalimantan province, Indonesia's key coal producing region on Borneo island, have slowed shipments.
Thanks to sluggish demand elsewhere in the world and cheap freight rates, Chinese buyers have looked for suppliers further afar in the past year, such as Colombia and South Africa.
The second Guangdong-based source said he had just booked two ships of coal from South America, bound to arrive in late February. ($1=6.826 Yuan)
Source: Reuters / Alibaba
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Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
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- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
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- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
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