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Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three price indexes for coking coal. Coking coal is the fastest growing and most volatile segment of the worldwide coal industry and the indexes are the first of their kind.
"After months of discussions with coal producers, traders and buyers, we have put together a suite of price indexes for coking coal," said Forrest Hill, president of Energy Publishing. "Indexes have been used to price steam coal contracts and short-term sales and derivatives for about 10 years, but coking coal has, in the past, proved resistant to indexing."
Energy Publishing's three indexes are:
-CCQ , based on premium hard coking coal shipped from Queensland, Australia.
-CCH-LOW, based on premium low volatile coking coal shipped from United States' east coast.
-CCH-HIGH, a Type "A" high volatile coking coal, also shipped from the U.S. east coast.
"The difficulty in developing a coking coal index has been the variability of coking coal and the view that value of a given coal varies depending on where it is being used," Hill said.
Two factors have now made an index practical.
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“The difficulty in developing a coking coal index has been the variability of coking coal and the view that value of a given coal varies depending on where it is being used” - Forrest Hill
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Foremost is the interest in short-term pricing by BHP Billiton and several other large producers of coking coal. BHP Billiton has been pushing hard to convert all of its sales to short-term pricing, and the world of coal is rapidly moving in that direction. The second factor is the progress made by Energy Publishing in developing a set of specifications that define three coals generally agreed to be at the top of the market.
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Energy Publishing has unique access to data on mine-by-mine quality measures and historical prices that have made the development of a realistic and usable index a reality. Building the index was done in conjunction with Doyle Trading Consultants of New York, which helped develop the methodology.
"The negotiations now going on between the Australians and their major customers in Japan are expected to result in a significant portion of the total tonnage moving from annual to quarterly pricing," Hill said. "And, many expect prices to move to even shorter terms in the near future. Short term pricing will be difficult to administer without a reliable coking coal price index, so the publication of the new indexes comes at a critical juncture for coal markets." (PRNewswire)
Source: Commodity Online
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Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
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- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Anglo American - United Kingdom
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Australian Coal Association
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Minerals Council of Australia
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
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