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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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Monday, 05 April 10
RI TO SET REFERENCE FOR COMMODITIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia is set to help establish global reference prices for mining and agricultural commodities, with the establi ...
Monday, 05 April 10
MARCO POLO MARINE SECURES US$20 MILLION 4-YEAR COAL TRANSSHIPMENT CONTRACT
COALspot.com: Accordign to Mraco Polo Marine website, Singapore Exchange Mainboard-listed Marco Polo Marine Ltd, a growing integrated marine logisti ...
Saturday, 03 April 10
SHIPS OPENING FAREAST CONTINUE TO BE STRUGGLING FOR CARGOES - VISTAAR
COALspot.com: The dry bulk freight market continues to be under pressure and all the indices were down this week except for Cape size index which wa ...
Friday, 02 April 10
XSTRATA RAISES BENCHMARK COAL PRICE AS MUCH AS 40% - BLOOMBERG
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used for power, raised benchmark prices for the fuel to an unidenti ...
Thursday, 01 April 10
OWNERS WERE STILL BULLISH ON SHORT PERIOD NUMBERS, BUT CHARTERERS IN GENERAL WERE NOT READY TO PAY - BRS
SUPRA / HANDY
After several weeks of a rising market, the BSI lost 9% last week to close on Friday at US$ 27,677 per day for the TC routes. ...
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- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- White Energy Company Limited
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Parliament of New Zealand
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
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- Sindya Power Generating Company Private Ltd
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- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
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- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
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- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Planning Commission, India
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
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