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Thursday, 28 January 10
JAPAN STEELMAKERS OPPOSE QUARTERLY COAL CONTRACTS
Japanese steelmakers oppose miner BHP Billiton's attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would not suit their clients in manufacturing, they said on Wednesday.
Stocks
The Japan Metal Daily on Tuesday reported that BHP Billiton, one of the world's biggest coal producers, was seeking a quarterly contract on coal in talks with Japanese steelmakers.
Their current annual contract expires on March 31.
Analysts say a quarterly contract will make it hard for Japanese steelmakers to fully pass on costs to user companies like carmakers and shipbuilders, who set sales prices annually.
| “The 40-year-old benchmark system is under threat after China rejected the miners' 2009/10 price settlement with Japan, opting to buy on the spot market” |
"We've heard there is a miner who favours a shorter contract period and that some Chinese steelmakers have not rejected the idea," Shoji Muneoka, chairman of the Japan Iron and Steel Federation, told a news conference.
"Chinese steelmakers produce a lot of construction steel, in which quarterly price changes are easier, but Japanese steelmakers supply 60-70 percent of their product to manufacturers, who wouldn't like quarterly cost fluctuations.
"We hope the miner honours the market situation, which is different from country to country."
BHP has been vocal in abandoning a benchmark system, in which the first price deal between a miner and a steelmaker sets a yardstick to be followed by the rest of the industry for a year.
The 40-year-old benchmark system is under threat after China rejected the miners' 2009/10 price settlement with Japan, opting to buy on the spot market.
Muneoka, also the president of the world's No.2 steelmaker, Nippon Steel Corp (5401.T), said the annual benchmark system has been supported by big steelmakers, including those in Japan, South Korea, Taiwan and Europe.
Source: Reuters
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Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
Thursday, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
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- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Planning Commission, India
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
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