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Tuesday, 12 October 10
COAL SPOT TRADING MAY SOOTH PRICING CONFLICTS - GLOBAL TIMES
Global Times reported that, Tianjin-based Bohai Commodity Exchange launched steam coal for spot trading for the first time Monday. Steam coal is mainly used for thermal power generation and heating.
On the first day of trading, steam coal prices closed at 815 yuan ($122.13) per ton, with 709,360 tons traded at 578.16 million yuan ($86.64 million), showing enthusiasm among traders.
The new trading will be based on free market price bidding and selling, said Zhang Xionghui, research and development director of the exchange.
Unlike futures contracts, spot trading reflects the true market, as the delivery is on daily basis leaving no room for speculation, Zhang said.
Coal trading is traditionally done through negotiations between sellers and buyers, which is time-consuming, inefficient and costly, he noted.
Such a trading platform can help the buyers and sellers to obtain the coal conveniently economizing the trading cost, said Song Zhichen, energy sector analyst with Shenzhen Zhongzhe Investment Consulting.
Coal and power companies have long been at loggerheads over coal price fixing.
Coal producers demand high prices forcing power producers into a difficult situation because the government will not let them pass the rising costs off to end users.
The coal price hikes in recent years, however, have forced the government to raise electricity prices, because of the losses incurred by power producers.
When coal producers asked for a price increase of 18 percent last year, the major power companies refused to accept, leading to blackouts in many provinces last winter. The trading officials hope to provide a better reference reflecting the true market rather than a monopoly price set by large coal producers.
"We hope to set an open and fair benchmark price for the market," said Yang Kejian, a manager at the commodities exchange
Source: Global Times (By Wang Xinyuan)
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Tuesday, 09 November 10
NOBLE GROUP APPOINTED AS THE EXCLUSIVE MARKETING AGENT FOR PT. BERAU COAL
COALspot.com: Noble Group Limited has recently been appointed as the exclusive marketing agent for PT. Berau Coal production exported to internation ...
Monday, 08 November 10
INDONESIAN HBA HAS INCREASED TO $ 95.51 PER TON FOR NOVEMBER LOADING
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Sunday, 07 November 10
THE SUPRAMAX INDEX IN THE FAR EAST CONTINUED TO BE UNDER PRESSURE - CAPT. REDDY
COALspot.com: The freight market continued to remain soft and all segments were down by almost about 6 pct.
The BDI and Cape Size index was down ...
Saturday, 06 November 10
DRY BULK MARKET LACKING SUPPORT TO SUSTAIN CURRENT LEVELS, BUT PANAMAX OWNERS ARE MORE FORTUNATE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Posting its fifth straight losing session, the dry bulk market benchmark, the BDI (Baltic Dry Index) was down yesterday by another 1.26% to 2510 poi ...
Friday, 05 November 10
RI COAL EXPORT PROSPECTS STILL BRIGHT - THE JAKARTA POST
The Jakarta Post reported that, Indonesia, already the world’s largest exporter of seaborne thermal coal since 2005, will continue to be a maj ...
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- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- PTC India Limited - India
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- The University of Queensland
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
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