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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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Friday, 06 August 10
KRISHNAPATNAM PORT WINS NON MAJOR PORT AWARD 2ND TIME IN A ROW
COAlspot.com ( Press Release) Krishnapatnam Port, the world-class port on the Indian horizon, took the top honors for the second time in a row, in t ...
Friday, 06 August 10
POLANDS KOPEX GROUP DEVELOPS COAL MINE IN INDONESIA
Polishmarket reported that, Polish mining concern Kopex Group, , is to build the first in Indonesia mechanised underground coal mine. The group is c ...
Thursday, 05 August 10
MORATORIUM MAY HURT NEW PROJECTS: MINING GROUP
The government’s proposed two-year moratorium on issuing new concessions to convert forests and peatlands to other uses may hinder new mining ...
Thursday, 05 August 10
IRON ORE EXPORT BAN COMPOUNDS PROBLEMS OF INDUSTRY - BUSINESS STANDARD
Forex loss of Rs 300 crore (US$ 65.63 million) ; truckers, ports, Railways bear the brunt
The Karnataka government’s move to ban the export ...
Thursday, 05 August 10
DRY BULK LOOKING TO CHINA FOR A NEW RALLY, BUT INDIA COULD BE THIS YEAR'S SURPRISE
The dry bulk market’s rebound has hit a “wall” this week, with the industry’s benchmark, the BDI (Baltic Dry Index) ending i ...
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- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- PTC India Limited - India
- Parliament of New Zealand
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- MS Steel International - UAE
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
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