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Monday, 07 June 10
SOUTH AFRICA COAL STAYS NEAR 18-MONTH HIGH ON EUROPEAN DEMAND - BLOOMBERG
 Bloomberg Reported that, Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, were little changed near an 18-month high because of strong European demand in May.
Richards Bay Coal Terminal export prices fell 0.4 percent to an average $92.41 a metric ton in the four days through June 4, according to IHS McCloskey. They reached $95.75 at the end of April, the highest since Nov. 7, 2008.
“Fundamentals for Western European coal-burn remained strong, with May coal-burn coming in at about 4 percent higher, year-on-year, supported by unusually colder weather,” Amrita Sen, an analyst with Barclays Capital in London, said in a report e-mailed on June 4. “In addition to China, demand from other Asian countries remains robust. Even Japan is showing signs of recovery. India remains the other key bright spot in the Pacific market.”
South Africa is boosting exports to the East as India and China recover from last year’s slowdown. More than half its production is now going to Asia, according to McCloskey. The Richards Bay terminal is owned by South Africa’s largest coal exporters, including BHP Billiton Ltd., Anglo American Plc and Xstrata Plc.
Barclays cut its estimate for Richards Bay’s coal exports this year by six million tons to 64 million tons following a strike at Transnet Ltd., South Africa’s state-owned transport company, that started May 10. The dispute was called off at the end of May after unions accepted an 11 percent wage increase and a one-time payment of 1 percent of workers’ salaries.
Richards Bay exported 4.57 million tons of coal in May and received 1.95 million tons by rail. Stocks at the terminal fell to 2.04 million tons, their lowest level since December 2007, the terminal said on its website today.
Newcastle Prices
Coal prices at Newcastle, Australia, an Asian benchmark, rose 1.4 percent to $98.16 a ton in the week to June 4, according to the globalCOAL NEWC Index. Benchmark European coal derivatives fell for the first time in four sessions. Coal for delivery to Amsterdam, Rotterdam or Antwerp with settlement next year fell 35 cents, or 0.4 percent, to $99.65 a ton at 10:57 a.m. in London.
The coal derivative data are drawn from information supplied by ICAP Plc, GFI Group Inc., Spectron Group Ltd., Credit Suisse Group AG, IHS McCloskey, Bloomberg and Tradition Financial Services.
McCloskey’s data are an average based on daily price assessments and a market survey. Prior to the week ending April 30, the market survey was only carried out weekly.
Source: Bloomberg ( By Alistair Holloway)
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Wednesday, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ...
Wednesday, 19 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE LENGTHENS
Coal shipments from Australia's Newcastle port, the world's biggest export harbor for the fuel used in power stations, rose 2.9 percent last week ...
Tuesday, 18 May 10
THE BDI HIT A FIVE-MONTH HIGH AT THE CLOSE OF LAST WEEK
According to BRS, One of the oldest ship broker, at 3,929 points, the BDI hit a five-month high at the close of last week. The Capesize four time ch ...
Tuesday, 18 May 10
COAL TRADER CHINA QINFA TO BUY TWO BULK CARRIERS FOR 69 MLN USD
China Qinfa Group, a leading non-State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay 69 million U. ...
Monday, 17 May 10
INDONESIA SHIPPED 15.51 PERCENT LESS COAL IN APRIL THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 23,331,542 MT of coal in April 2010, compare to 27.61 million tons in ...
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- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Australian Coal Association
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- The University of Queensland
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
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