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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, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
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- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Minerals Council of Australia
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
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