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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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Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
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 ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
Saturday, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese ne ...
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- Timah Investasi Mineral - Indoneisa
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- Electricity Authority, New Zealand
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- India Bulls Power Limited - India
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- Sojitz Corporation - Japan
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- VISA Power Limited - India
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- Chamber of Mines of South Africa
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- Samtan Co., Ltd - South Korea
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- Global Coal Blending Company Limited - Australia
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- Ministry of Mines - Canada
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- Gujarat Sidhee Cement - India
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- Eastern Coal Council - USA
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
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- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
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- The University of Queensland
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- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
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- Power Finance Corporation Ltd., India
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- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Romanian Commodities Exchange
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- White Energy Company Limited
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- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
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- TNB Fuel Sdn Bhd - Malaysia
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- Petrochimia International Co. Ltd.- Taiwan
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- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
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- Australian Coal Association
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
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- Mjunction Services Limited - India
- Petron Corporation, Philippines
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- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
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- Thai Mozambique Logistica
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- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
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- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
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- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
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- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
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