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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, 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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- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
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