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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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Sunday, 28 February 10
CONTINENTAL TARGETS COAL SALES FROM S AFRICA MINE IN Q2 - MINING WEEKLY
Mining weekly reported that, Junior coal explorer Continental Coal would start coal sales from its Vlakvarkfontein mine, in South Africa, in the sec ...
Friday, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
Banpu Plc, Asean's largest coal miner, said its earnings surged to a record high of 14.23 billion baht last year, an increase of 54% on the previou ...
Thursday, 25 February 10
INDO / INDIA COAL TRIPS SUPRAS CAN ACHIEVE AROUND MID 10S - FEARNLEYS AS
Handy
The BSI regained positive momentum exactly a week ago and the Atlantic rema ...
Thursday, 25 February 10
STEEP RISE IN COAL IMPORTS REQUIRED TO POWER INDIA - MONEYLIFE
The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fisca ...
Wednesday, 24 February 10
CHINA IMPORTED 8.81 MLN TONS OF INDONESIAN COAL IN JANUARY 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons of coal last month, compared with 27.46 million tons in a ...
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- Bharathi Cement Corporation - India
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- Economic Council, Georgia
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- Price Waterhouse Coopers - Russia
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- Sical Logistics Limited - India
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- Chamber of Mines of South Africa
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- Eastern Energy - Thailand
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- Energy Development Corp, Philippines
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- Australian Coal Association
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- Singapore Mercantile Exchange
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- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
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- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
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- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
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- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
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- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
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- Sakthi Sugars Limited - India
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- Sinarmas Energy and Mining - Indonesia
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- Goldman Sachs - Singapore
- White Energy Company Limited
- Indogreen Group - Indonesia
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- Star Paper Mills Limited - India
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- Kobexindo Tractors - Indoneisa
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- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
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- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- London Commodity Brokers - England
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- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
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- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
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- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
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- Aditya Birla Group - India
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- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
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- Electricity Generating Authority of Thailand
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- Petron Corporation, Philippines
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- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
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