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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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Thursday, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...
Thursday, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
HANDY
Activity has gradually improved in the Atlantic throughout the week. All areas&n ...
Thursday, 04 March 10
GLOBAL COAL PRICES GETS SUPPORT FROM EM DEMAND
Commodity Online reported that, AP12 coal prices look well supported in 2010 thanks to positive outlook for Chinese coal demand whereas coal demand ...
Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...
Tuesday, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed stra ...
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Showing 5961 to 5965 news of total 6871 |
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- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- The University of Queensland
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- ASAPP Information Group - India
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
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