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Tuesday, 19 January 10
RISING DEMAND FROM POWER FIRMS TO PUSH COAL PRICES
 The resurgence of the Chinese economy, along with harsh winter conditions across the country, is likely to push coal prices up in the short term. In addition, the growing demand from power producers in India could support the upward movement of the fossil fuel.
State-owned Coal India’s continued inability to meet the demand has prompted a number of power firms to establish overseas coal linkages. India’s largest power producer, NTPC, may also import coal in order to maintain the desired plant load factor across its facilities.
“Due to the recovery in the Chinese economy, especially in the manufacturing sector, the demand for coal has risen while the cost of mining has also increased. Even though freight costs have fallen, a rise of 7-10 per cent can be expected in spot prices over the next few months,” an analyst with Angel Broking said.
The rising cost of Indonesian coal, a favourite with Indian companies due to its geographical proximity, may also be a sustained phenomenon, with domestic demand already on the rise in the country. In the next couple of years, prices of coal from the country could hit $100 a tonne, a Citigroup study suggested.
Aggressive purchasing by utilities has resulted in spot prices in China’s primary coal port at Quihuangdao to reach the $120-a-tonne mark. Such buying, said the report, had been driven by strong demand and dislocation of local supply due to severe cold and low stockpiles. Consistent purchase from Europe and Korea, which are facing similar climatic conditions, also contributed to pushing the prices upwards.
Australia’s Newcastle port saw prices rise by up to $100 a tonne, the highest since November 2008. Spot prices have surged by 24 per cent at the port over the past five weeks.
With majority of Indian power producers settling for long-term prices, the impact of rocketing prices could have a restricted impact on the country, an analyst said.
“Our estimates are that the prices will remain around $65 a tonne for longer contracts.”
But calendar year contracts have had a good start with international mining firm Xstrata and Japan’s Tokyo Electric settling for prices up to $85 a tonne, which could well become the benchmark price for other calender year contracts.
Source: Business-Standard
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Friday, 15 January 10
ADARO INDONESIA STILL TOPS IN INDONESIAN COAL EXPORT RANKING
COALspot.com (Indonesia): PT. Adaro Indonesia, the world first Envirocoal producer and Indonesia's second largest thermal coal producer is top coal ...
Friday, 15 January 10
NTPC TO ADD 6,000 MW EACH YEAR IN 12TH PLAN
Will raise total generation capacity to 75,000 Mw by 2017, up from 30,644 Mw at present.
India's largest power generator NTPC, which will launch ...
Friday, 15 January 10
POSCO SAYS 2010 COKING COAL AGREEMENT MAY BE DELAYED - BLOOMBERG
Posco, South Korea’s biggest steelmaker, said an agreement on coking coal prices for this year may be delayed because major suppliers of the s ...
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 Thursda ...
Thursday, 14 January 10
INDONESIA POWER REDUCES COAL SUPPLY
PT Indonesia Power will reduce coal supplies from PT Tambang Batu Bara Bukit Asam to its Suralaya Power Plant. "The coal supply for the plant s ...
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- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- White Energy Company Limited
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Planning Commission, India
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
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