We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 the country's spot imports are trying to cope with the recent rise in prices by index-pricing and substituting Indonesian for some South African coal, traders said on Tuesday.
India took more than 30 percent of South Africa's 60 million tonnes of coal exports in 2009 and any change in Indian buying patterns can have a significant impact on spot prices.
South African coal spot prices rose in early January to around $85.00 a tonne FOB Richards Bay from $60.00 in November on a surge of Chinese buying.
|
“South African coal spot prices rose in early January to around $85.00 a ton FOB Richards Bay from $60.00 in November on a surge of Chinese buying”
|
This prompted Indian buyers to withdraw from the market but they have since returned to buy heavily and ask for cargo shipments to be advanced, producers and traders said.
"The Indian market was extremely quiet for a few months but the need for South African coal was still there, they just didn't like the prices," one supplier said.
"But they are all asking sellers for index prices and prepared to pay a premium above the API4 index rather than us asking them to index-link, which is unusual," he added.
Indian traders typically prefer fixed prices rather than prices which float with the weekly API4 index but when they do buy against the index, they mostly do not hedge to control their price risk.
"Prices are starting to soften slightly so right now indexing makes sense," one major Indian trader said.
GAMBLE
"But it's not the Indian end-users who are taking the risk, it is us, the traders, as usual with all the risk," he added.
If prices do not fall by at least a few dollars, Indian traders could make heavy losses by buying on floating prices and selling at fixed prices to consumers, suppliers said.
"They're taking a big punt again, it's a gamble. What it is they don't want to be paying $80.00-$85.00 a tonne FOB now but they'll pay a premium assuming the index will have fallen by the time the coal is shipped," another supplier said.
Prices have dipped by around $4.00-$5.00 a tonne during the past week and are set to fall further until early March, after the Chinese New Year holiday, Indian traders said.
The softening in South African prices seen during the past week has also encouraged Indian importers to replace some coal with Indonesian material, Indian traders said.
"Not all consumers want Indonesian, many of them prefer the quality and consistency of South African but with the price unstable, South African is taking a bit of a back seat right now and people are buying more Indonesian," another Indian trader said.
End-users are also waiting for further South African price falls before issuing their regular spot tenders, traders said.
Source:Reuters
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays.
BDI INDEX
...
Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme.
"With th ...
Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...
Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports ar ...
Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
|
|
|
Showing 6041 to 6045 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- PTC India Limited - India
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- The University of Queensland
|
| |
| |
|
