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Thursday, 11 March 10
COAL PRICES SET TO RISE AMID CONFUSION OVER QUARTERLY SYSTEM
 Trading room reported that, Coal prices are tipped to rise in coming months amid constrained supply and ongoing Chinese demand, and analysts are confused about whether a quarterly pricing system for coking coal will be permanently adopted.
Analysts expect coal pricing will be a lot more complicated in the 2010 Japanese financial year (JFY) starting April 1, when quarterly pricing for hard coking coal will be used for the first time.
The BHP Billiton Mitsubishi Alliance (BMA) has secured quarterly pricing for a significant portion of its hard coking coal volumes in JFY2010, understood to be starting at $US200 a tonne, RBS Morgans Ltd said in a research note on Thursday.
Patersons analyst Andrew Harrington said it remains to be seen whether quarterly pricing for coking coal will continue thereafter.
"You normally only have annual pricing settlements and this year, you've got a very big push and it looks like a successful push from BHP Billiton to get quarterly pricing," Mr Harrington told AAP.
"I was very sceptical that they would be able to succeed at that.
"There is very little liquidity in the spot market - there's very little trading in the spot market for coking coal - so I find it a little bit hard to understand how they would be able to get a quarterly marker from which to base the pricing every quarter.
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“coal pricing will be a lot more complicated in the 2010 Japanese financial year (JFY) starting April 1, when quarterly pricing for hard coking coal will be used for the first time”
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"The question remains as to whether this has been accepted for the future. "A quarterly system might still be under serious debate.
"It may be that a year from now, things will look just as confused. "This year is a completely different year from any other year in the coking coal market."
BHP Billiton has also long pushed for quarterly iron ore pricing. RBS Morgans said detail on BHP Billiton's quarterly coking coal pricing arrangement was limited, but it expected some independent producers to follow BMA's lead.
This "would lead to more variability in achieved earnings than we are used to" the broker said.
RBS Morgans expects a base case of $US220 per tonne for hard coking coal on an annual basis. Mr Harrington said he expected hard coking coal would cost US$200 a tonne for the quarter from April 1 to June 30.
"But there have been rumours that annual pricing into Japan is at a higher level. "The number I've heard is $US240 a tonne." Coking coal was priced at $US128 a tonne in JFY2009.
Source: Trading Room By Rebecca Le May
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Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
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- Bulk Trading Sa - Switzerland
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- Samtan Co., Ltd - South Korea
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- Independent Power Producers Association of India
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- Petron Corporation, Philippines
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- Bharathi Cement Corporation - India
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- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
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- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
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- Chamber of Mines of South Africa
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- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
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- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Agrawal Coal Company - India
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- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
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- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
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- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
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- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Karbindo Abesyapradhi - Indoneisa
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- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Bhushan Steel Limited - India
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- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
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- Thiess Contractors Indonesia
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- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
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- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
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- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
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