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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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Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...
Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays.
BDI INDEX
...
Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme.
"With th ...
Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...
Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports ar ...
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- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Economic Council, Georgia
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- The University of Queensland
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
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