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Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees lower 2010 exports
Prices of prompt coal cargoes for delivery to Europe fell again by around $1.00 in line with weaker oil prices after a day of quiet trading.
The volatility seen during the past several weeks has left players assessing their positions and waiting for the end of the Chinese New Year in mid-February.
"The market is quiet in Europe again after all the activity last week but the Indians are still there looking for prompt coal," one trader said.
| "The market is quiet in Europe again after all the activity last week but the Indians are still there looking for prompt coal" - Trader |
Whether or not Chinese coal imports resume at a high level in early March will decide the direction of global prices, they said and indications are that buying will continue.
Russian steam coal exports will fall 6.2 percent in 2010 from 2009, according to Kuzbassrazrezugol company director Vasily Yakutov but he did not give reasons for the projected fall.
Senior Russian coal executives said last week that Russian exports would rise slightly to at least 70 million tonnes in 2010 from around 65 the previous year.
TRADES
An April delivery multi-origin coal cargo traded at $74.75 a tonne DES AR on globalCOAL.
An April loading South African 50,000 tonne cargo traded at $83.50 a tonne FOB Richards Bay on globalCOAL.
Two May loading Australian coal parcels traded at $87.00 and $86.00 a tonne FOB Newcastle on globalCOAL.
PRICES
A March delivery coal cargo was bid at $70.00 a tonne DES AR on globalCOAL, down $1.00 from Friday, and offered at $75.25, down 25 cents.
An April DES cargo was bid at $76.00 a tonne for South African only, unchanged from Friday.
An April loading South African cargo was bid at $82.50 and offered at $81.50 a tonne FOB Richards Bay, down 50 cents from Friday.
Source: Reuters
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Tuesday, 09 March 10
MINING LAW OPTIMIZES SECTOR
Law No. 4 / 2009 on Mineral and Coal Mining have given a new direction for the future of mining in Indonesia, including Domestic Market Obligation, ...
Tuesday, 09 March 10
STRONG REBOUND IN ALL THE DRY BULK SEGMENTS THIS WEEK
There was a strong rebound in all the dry bulk segments this week, leading to an 18% jump in the Baltic Dry Index.
The Cape and Panamax markets s ...
Tuesday, 09 March 10
L&T POWER EYEING COAL MINES IN AUS, INDONESIA
L&T Power Development Company, a part of the Larsen & Tubro Group, plans to acquire coal mines in Australia and Indonesia, a top company off ...
Tuesday, 09 March 10
BHP AGREES SHORTER-TERM COAL DEALS WITH EUROPEAN, ASIAN CUSTOMERS
Diversified miner BHP Billiton on Monday reported that it had reached sales terms for a significant portion of its hard coking coal volumes for 2010 ...
Monday, 08 March 10
KPCL TO IMPORT 0.9 MILLION TON OF 6000 GCV COAL
COALspot.com: India's Karnataka Power Corporation Ltd is seeking to import 0.9 million metric tons of 6000 kcal/kg (adb) Gross Calorific Value stea ...
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- Kumho Petrochemical, South Korea
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- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
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- Ceylon Electricity Board - Sri Lanka
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- MS Steel International - UAE
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
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- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Australian Coal Association
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
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- Trasteel International SA, Italy
- Energy Development Corp, Philippines
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- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
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- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
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- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
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- VISA Power Limited - India
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
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- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Aditya Birla Group - India
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- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
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- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
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- Ministry of Transport, Egypt
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- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Minerals Council of Australia
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
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- Attock Cement Pakistan Limited
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