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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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Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
Source: Insider Stories
Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...
Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...
Tuesday, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 milli ...
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- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- MS Steel International - UAE
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- ASAPP Information Group - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
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