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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, 23 July 10
THE PANAMAX MARKET HAS CONTINUED ITS SLOW CLIMB - FEARNLEYS
Handy
Continued flat Atlantic markets and over-supply of tonnage across all segments on spot basis. Nevertheless there is more fresh enquiry on Co ...
Friday, 23 July 10
KPMG INDIA FACES COAL DEFICIT OF 50% OF EXPECTED POWER PLANT DEMAND, SAYS - BLOOMBERG
Bloomberg reported that, India may face a coal shortfall of 189 million metric tons a year by 2015, about 50 percent of the power sector’s exp ...
Thursday, 22 July 10
BERAUS IPO NEXT MONTH CAN BECOME THE LARGEST THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s fifth largest coal miner PT Berau Coal Energy Tbk will launch its initial public offering (IPO) ne ...
Thursday, 22 July 10
DRY BULK MARKET EDGES HIGHER, BUT RECOVERY IS SLOW
The dry bulk market’s recovery, which started last Friday has sustained its momentum thus far, but the pace of it seems to be an agonizing one ...
Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
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- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Bhoruka Overseas - Indonesia
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