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Thursday, 15 April 10
MAJOR THERMAL COAL CONTRACT AT 40% HIGHER PRICE THAN LAST YEAR - BUSINESS STANDARD
 Business-Standard reported that, India is expected to import nearly 60 million tonnes of thermal coal this year.
After coking coal and iron ore, thermal coal supply contracts have now been signed at a much higher price than last year. Recently, term contracts for Newcastle coal were signed at $97-98/mt between producer Xstrata and Japan’s Chubu Electric for 2010-2011, about 40 per cent higher than last year. These were initial contracts. Thermal coal is used by power plants.
Initial expectations were that contracts for thermal coal would be signed at $85-90 a tonne. Last year, thermal coal contracts were settled at $70 a tonne.
James O’Connell, managing editor, Platts, the premier agency that tracks the energy sector, said: “This initial contract is assumed by many to be a benchmark, especially when it is between two such big players.”
Some Japanese utilities link prices of their contracts to the global COAL index. Hence, they do not negotiate an annual price, just an annual tonnage contract. However, according to James: “Bumi Resources, Indonesia’s largest coal producer, told Platts that one of its two coal producing units, Kaltim Prima Corp, settled an FY10 contract with a major Japanese thermal coal buyer at $104/tonne FoB.”
India is expected to import nearly 60 million tonnes of thermal coal this year. MMTC and Adani Enterprises are major importers.
Thermal coal spot prices, ruling around contract prices at present, are unlikely to move up further. According to industry sources, China is presently not in the market and subdued imports from the neighbouring country mean prices will remain capped.
Jigar Shah, head of research, KIM ENG Securities India, said: “This is an initial contract and most of India’s thermal coal imports are from Indonesia. The prices at which they are negotiated will be crucial for Indian power and cement plants which import coal.” Many new private sector power companies import thermal coal. Most of India’s coal imports come from Indonesia and South Africa.
Source: Business-Standard (By: Rajesh Bhayani)
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Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
Tuesday, 06 April 10
ASIAN INVESTORS EYE NIGERIA MARITIME INDUSTRY
Investors from the Asian region are considering investing in the Nigerian maritime sector, which has huge opportunities and potential. One of such p ...
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- VISA Power Limited - India
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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