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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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Tuesday, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...
Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...
Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...
Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...
Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
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- Australian Coal Association
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- Marubeni Corporation - India
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- Chettinad Cement Corporation Ltd - India
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- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
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- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
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- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
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- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
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- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
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- Gujarat Electricity Regulatory Commission - India
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- Edison Trading Spa - Italy
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- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
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- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
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- Indogreen Group - Indonesia
- The University of Queensland
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
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- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Planning Commission, India
- Economic Council, Georgia
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- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
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