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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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Tuesday, 23 February 10
TRENDS..... DRY BULK MARKET .... TRENDS
The dry bulk market was pulled along by the Capes this week, as fresh enquiry breathed temporary life back into the market. Short period rates also ...
Tuesday, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR
The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent o ...
Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indones ...
Saturday, 20 February 10
THE FREIGHT MARKET CONTINUED TO BE SOFT THIS WEEK - CAPT. REDDY
COALspot.com: The freight market continued to be soft this week as still affect of Chinese new year holidays continue. However the index overall had ...
Friday, 19 February 10
MAKING THE JOINT COOPERATION OF PRIVATE GOVERNMENT IN INDONESIA
COALspot.com - Press Release
1. Revision of the presidential decree 67/2005 has been signed by the President on January 28, 2010 with the public ...
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- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- The University of Queensland
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
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