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Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
 Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain in four weeks on speculation that banks are more active in the market.
Export prices advanced $1.20, or 1.4 percent, to an average of $84.60 a metric ton in the week to Feb. 5, according to McCloskey Group Ltd. Prices rose last month to the highest since November 2008. The terminal is the biggest source for Europe of coal burned for power and is owned by South Africa’s largest exporters of the fuel, including BHP Billiton Ltd., Anglo American Plc and Xstrata Plc.
We saw “banks involved on both sides for the majority of the deals,” Mike Newman, an analyst at Petersfield, England- based researcher McCloskey, said by phone today. They may be hedging coal derivatives and “it remains to be seen whether or not the trades were genuine demand,” he said.
| “South African coal export prices advanced $1.20, or 1.4 percent, to an average of $84.60 a metric ton in the week to Feb. 5” - McCloskey Group Ltd |
Coal exports from Richards Bay fell last month to the lowest since September. Outbound shipments were 4.87 million tons, the least since September’s 4.16 million tons, according to data posted on the terminal’s Web site today. The terminal exported 4.12 million tons in January 2009 and 5.55 million tons in December of that year.
At January’s shipment rate, the terminal will export 58 million tons of coal this year. The terminal is scheduled to boost its annual export capacity to 91 million tons by the end of this year’s first quarter. Shipments came to 61.14 million tons last year.
Coal Derivatives
Benchmark European coal derivatives fell 13 percent in the four weeks to Feb. 5. Coal for delivery to Amsterdam, Rotterdam or Antwerp with settlement next year fell to $90.25 a ton, according to trades and indicative prices. The data are drawn from information supplied by ICAP Plc, GFI Group Inc., Spectron Group Ltd., Credit Suisse Group AG, McCloskey Group Ltd., Bloomberg and Tradition Financial Services.
Coal prices at the Australian port of Newcastle, a benchmark for Asia, fell 6.8 percent. The index for coal prices at the New South Wales port shed $6.70 to $91.83 a ton in the week to Feb. 5, according to the globalCOAL NEWC Index.
Coal prices at Qinhuangdao, a benchmark in China, fell the most in more than a year as winter demand continued to ease. Prices for coal with an energy value of 5,500 kilocalories per kilogram dropped to between 760 and 770 yuan ($112.79) a ton as of today, down for the second consecutive week, data from the China Coal Transport & Distribution Association showed. That’s a weekly decline of 3.8 percent, the most since December 2008, when prices slumped 10 percent.
Source: Bloomberg
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Wednesday, 31 March 10
COAL INDIA MULLS JOINT VENTURE WITH RIO TINTO AND PEABODY - DNA
DNA reported that, Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The co ...
Wednesday, 31 March 10
DRY BULK MARKET STILL MODERATELY FALLING, BUT POSITIVE SIGNS APPEAR ON THE HORIZON - HELLENIC SHIPPING
The irregularities of the current dry bulk market have been more than evident in the fact that panamax vessels today earn more than their larger cap ...
Wednesday, 31 March 10
INDIKA ENERGYS PROFIT HIT BY FOREX LOSS AND CABOTAGE - THE JAKARTA GLOBE
The Jakarta Globe reportd that, PT Indika Energy posted a 30 percent drop in 2009 net profit due to a foreign exchange loss and impairment of intang ...
Wednesday, 31 March 10
ITMG TO UP COAL OUTPUT DESPITE PERMIT PROBLEMS - THE JAKARTA POST
The Jakarta Post reported that, the country’s third largest coal producer PT Indo Tambang Raya Megah (ITMG) said it can raise output although ...
Tuesday, 30 March 10
ANALYST SEES BDI LIFT, SUGGESTS DRY BULK SHORT SQUEEZE
Analysts at Credit Suisse are bullish on Diana and see a potential short squeeze elsewhere in the sector. The Baltic Dry Index (BDI) -- an industry ...
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- Krishnapatnam Port Company Ltd. - India
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- Eastern Coal Council - USA
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- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
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- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
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- ASAPP Information Group - India
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- The University of Queensland
- Toyota Tsusho Corporation, Japan
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- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
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- Central Electricity Authority - India
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- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
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- Meenaskhi Energy Private Limited - India
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- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Economic Council, Georgia
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- Georgia Ports Authority, United States
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- Cement Manufacturers Association - India
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- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Planning Commission, India
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
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- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Mercator Lines Limited - India
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
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- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Grasim Industreis Ltd - India
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- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
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