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Friday, 04 December 09
CHINA'S COAL IMPORTS PREDICTED TO DECLINE IN 2010
 China's eye-catching coal import figure s are unlikely to extend into 2010 given the predicted narrow-down of the coal price spread between the home and overseas markets, said anal ysts.
In the almost-past 2009, coal imports have maintained feverish grow th in China ever since the beginning of the year, thanks to collapsing
global coal prices brought about by the economic crisis. Published st atistics show that the Australia BJ Steam spot price tumbled at one po int to US61.5 dollars per metric ton (tonne) on March 19 of this year from the US190.95 dollars/tonne in Q4 of 2008, when the financial tail spin started to dampen world energy demands.
Meanwhile, local prices fell slightly due to restricted supply brou ght on by the coal resources integration in Shanxi province, China's m ajor coal producer.
Based on attractive prices worldwide, some industry experts even es timate China's coal imports will hit 110-plus million tonnes, more tha n 1.7 times of the figure last year.
The following is a chart unveiling the resurgence of China coal imp orts during January to October of 2009:
While coal imports totaled just 18.9 million tonnes between January and October, annual net coal imports should reach 87 million tonnes, with the yearly export figure expected to stay around 23 million tonne s this year, according to sector analysts.
The sharp growth in China's coal imports is a complete reversal of the situation in 2008, which saw just 5.03 million tonnes of coal expo rts.
China's conversion into a net coal importer has marked a structural
change in its coal trading, and its explosive coal demand rise is lik ely to be sustained for some time, according to Greg Boyce, CEO of Pea body Energy, the largest coal producer in the world.
Huang Teng, a local senior coal trade expert, said the pick-up in C hina's 2009 coal imports was not an exception in view of its substanti ally larger-than-global-supply coal demands, adding that the predicted
100-plus million tonnes of imports this year would account for only 3
percent of China's 300 million tonnes of coal needs.
The following chart shows China's coal output since September 2008:
China was not expected to be a net coal importer because of its bou ntiful coal reserves, said industry watchers, noting that the imports hike is also price-driven.
But the mighty coal imports by China during 2009 were bound to lift
up international coal prices next year, which was sure to bring down the country's coal imports next year, said Huang.
Furthermore, the small growth in global coal supply next year will also add to external coal prices rises, as competition with coal impor ters such as India will intensify, driven by the subcontinent's econom ic recovery, said industry analysts.
So far, the rising price on the world coal market is seen by other coal importing countries, which make up one eighth of the world coal t rade as, the best mechanism to curb China's imports and secure their o wn coal imports, said Huang.
It is a fact that China's coal imports have stoked up the internati onal coal price in 2009. Statistics from GlobalCoal, a worldwide marke tplace facilitator for trading coal and coal-related services, show th at prices for steam coal at Australian's Newcastle port rallied to US8 1 dollars/tonne after falling below US60 dollar/tonne at one point thi s year.
Add in climbing international freight costs, and the price spread b etween global and local coal prices will be squeezed, making overseas coal lose its price advantage, say analysts.
The consensus in China's coal industry is that prices agreed in coa l supply contracts will rise, but the upward margin remains under deba te, disclosed insiders with China Coal Transportation and Distribution
Association.
A 5 to 10 percent rise in thermal coal contract price looks likely in 2010, according to most coal trader researchers with local securit y dealers.
More flexible online convergence of coal production, transportation , and demand will be launched domestically in 2010, which should make it easier for local users to acquire coal.
Source: I Stock Analyst
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Friday, 02 September 22
INDONESIA COAL PRICE REFERENCE SLIPS SLIGHTLY IN SEPTEMBER 2022
COALspot.com: Indonesian Coal Price Reference for September delivery drops 0.74 per cent month on month.
The Indonesian Coal Price R ...
Friday, 02 September 22
ABM INVESTAMA BUYS 30% GEMS SHARES FOR US$ 420 MILLION
PT ABM Investama Tbk through its indirect subsidiary, bought a 30% stake in the PT Golden Energy Mines Tbk for US$ 420 million or around Rp 6.2 tri ...
Wednesday, 31 August 22
MARKET INSIGHT - INTERMODAL
Scorching temperatures and extremely dry conditions during the Northern hemisphere summer have been drying crops. Yield prospects have subsided in ...
Tuesday, 23 August 22
HIGH COAL PRICES COULD BOOST INDONESIA'S ENERGY TRANSITION - IEEFA
Global coal prices have reached an all-time high as countries stop purchasing Russian coal amidst the Russia-Ukraine conflict. Indonesian coal comp ...
Tuesday, 23 August 22
A COMBINED US$6.8-BILLION CASH BALANCE OF INDONESIAN COAL COMPANIES COULD PROVIDE FOR TIMELY INVESTMENTS IN GREEN TRANSITION - IEEFA
A combined US$6.8-billion cash balance of Indonesian coal companies could provide for timely investments in green transition
The opp ...
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- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Romanian Commodities Exchange
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- McConnell Dowell - Australia
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