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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, 14 January 10
INDIANS RESUME S. AFRICA COAL BUYING AGAINST INDEX - REUTERS
Indian trade buyers have resumed buying of South African prompt coal cargoes after a two-month hiatus but are opting for index-linked pricing, hopin ...
Wednesday, 13 January 10
STEAMING COAL SUPPLY SPOT CONTRACT FOR TAEAN POWER PLANT
COALspot.com (South Korea): Korea Western Power Co., Ltd is looking for total 1.12 million tons of Bituminous Coal for TAEAN Power Plant.
Accord ...
Wednesday, 13 January 10
INDONESIA ISSUES COAL, METAL DECREE
Indonesia has issued a ministerial decree which requires metal and coal miners to set aside a certain amount of their production for domestic needs, ...
Wednesday, 13 January 10
RESTING TIME FOR INDONESIAN COAL LOADING VESSELS
COALspot.com (Indonesia): 11 - 15 vessels are waiting in anchorages of Muara Berau and Tanjung Pemancingan to load total about 700,000 – ...
Wednesday, 13 January 10
SOUTH AFRICA STEAM COAL PRICE FALLS SHARPLY
Reuters reported that South African physical coal prices fell sharply on Tuesday with a March cargo trade at USD 87.5 a tonne FOB Richards Bay and d ...
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- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Aditya Birla Group - India
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- The University of Queensland
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