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Saturday, 27 March 10
CHINA TO REMAIN NET COAL IMPORTER IN NEAR FUTURE - STEEL GURU
Xinhua News cited Mr Wu Chenghou a councilor with the China Coal Transportation and Marketing Association as saying that China will remain a net coal importer in the near future, but imports are expected to shrink from the previous year.
Mr Wu predicted that China's annual energy demand would reach about 5 billion tonnes of standard coal and raw coal demand would hit 4.53 billion tonnes by 2020. As domestic coal resources are not sufficient to meet the demand, China needs to import coal from the foreign market.
Mr Fan Liya from Shanxi Coking Coal Group said that China coal supply will be short in the Q1 driving up coal prices in the same period. The second and third quarters will see balanced supply and demand, as China's major coal producer Shanxi province is completing the coal resource integration and new capacities will be put into production in the second half of the year. Coal prices will likely fall slightly during the two quarters. Generally, prices during the year will remain stable with slight rise. Specifically, steam coal prices will stay high but fluctuate largely, while coking coal prices will fluctuate slightly at a high level.
Mr Fan expected China coal output to exceed 3.3 billion tonnes in 2010, up over 10%YoY. The annual coal imports are estimated to surpass 80 million tonnes, lower than that in 2009, while exports will likely reach 30 million tonnes.
Mr Wang Junwei manager of Sinomet International Corporation Mines Department echoed that China's coking coal imports would remain high in 2010, but lower than last year.
Source: iStockAnalyst / Steel Guru
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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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- Semirara Mining and Power Corporation, Philippines
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- Coal and Oil Company - UAE
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- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Wilmar Investment Holdings
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- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
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- Goldman Sachs - Singapore
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- Australian Commodity Traders Exchange
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- Krishnapatnam Port Company Ltd. - India
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- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
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- Siam City Cement PLC, Thailand
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- Petron Corporation, Philippines
- Mjunction Services Limited - India
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- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
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- Madhucon Powers Ltd - India
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- Grasim Industreis Ltd - India
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- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
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- The University of Queensland
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- PTC India Limited - India
- White Energy Company Limited
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- Banpu Public Company Limited - Thailand
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- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Thiess Contractors Indonesia
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- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
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- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
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- Minerals Council of Australia
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