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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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Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
Thursday, 28 January 10
COAL - VIETNAM / TRADE
Vietnam expects to turn into a coal importer within three years, spurred by an industrial boom and rising power consumption, a senior executive with ...
Thursday, 28 January 10
BHP MAY SELL 25% STAKE IN INDONESIAN COAL PROJECT
BHP Billiton Ltd. plans to sell only a 25 percent stake in a coal project in Indonesia as it wants to retain control of the asset, said Indra Dianna ...
Thursday, 28 January 10
TRANSNET ASPIRES TO 81MT/Y COAL EXPORT CAPACITY
South African State-owned rail transport enterprise Transnet wants to increase coal-line rail capacity to 81-million tons a year as part of its Quan ...
Wednesday, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010
* China, India seen investing in southern Africa assets
Asian imports of steam coal will ...
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- Mercuria Energy - Indonesia
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- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
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- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Petron Corporation, Philippines
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
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