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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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Thursday, 04 February 10
NO AMDAL, NO COAL MINING IN KALIMANTAN: MINISTRY
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not ha ...
Thursday, 04 February 10
ANTICIPATING DOMESTIC COAL DEMAND
Indonesia has an abundant amount of coal reserves, which in 2008 is estimated at 7,12 billion tones. Coal production in 2008 reached 231,18 mi ...
Wednesday, 03 February 10
CHINA'S MAIN COAL PRICES FALL AS WINTER DEMAND EASES
Weekly coal prices at China's Qinhuangdao port, a benchmark in the world's biggest producer and consumer of the fuel, fell for the first time in s ...
Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the ...
Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
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- Indian Oil Corporation Limited
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- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
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- White Energy Company Limited
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
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- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
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- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
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- Ministry of Transport, Egypt
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- Wilmar Investment Holdings
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- Australian Commodity Traders Exchange
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- IEA Clean Coal Centre - UK
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- Bhushan Steel Limited - India
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- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
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- Global Business Power Corporation, Philippines
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- Borneo Indobara - Indonesia
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- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
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- Global Green Power PLC Corporation, Philippines
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- Semirara Mining Corp, Philippines
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- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
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- The Treasury - Australian Government
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- PTC India Limited - India
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- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Economic Council, Georgia
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
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