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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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Saturday, 24 July 10
INDONESIAS BUKIT ASAM H1 2010, SALES RAISED 10% TO 6.44 MILLION TONS
COALspot.com: PT Tambang Batubara Bukit Asam (PTBA), Indonesian state owned mining company’s H1 2010, sales raised 10% to 6.44 million tons. T ...
Saturday, 24 July 10
INDONESIAN COAL MINERS ARE REQUIRED TO SUPPLY 64.96 MLN TONS OF COAL TO DOMESTIC MARKET IN 2010
COALspot.com : Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree related to Domestic market obligation (DMO) for ...
Saturday, 24 July 10
THE BDI SEEMS TO BE RECOVERING AND WAS UP BY ABOUT 6 PCT - CAPT. REDDY
COALspot.com: "The BDI seems to be recovering and was up by about 6 pct this week after losing for almost last 7 weeks", said Capt. Reddy, ...
Saturday, 24 July 10
ANALYSIS - GROWTH IN VESSEL SUPPLY PRESSURES OCEAN FREIGHT RATES
It's common to use global shipping rate trends as a proxy of global economic health. If demand for goods and raw materials are strong, so should it ...
Friday, 23 July 10
KOWEPO TO IMPORT ADDITIONAL 1.2 MILLION TONS OF INDONESIAN COAL WITHIN 5 MONTHS
Korea Western Power Company Limited has finalized around 1.2 million tonnes of Indonesian origin of coal last week. According to K ...
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- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Economic Council, Georgia
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
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