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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, 16 July 10
CHINA EXPORTS 10.14 MILLION TONNES OF COAL IN H1 OF 2010
China exported 10.14 million tonnes of coal in the first half of this year, down 13.1% compared with the corresponding period of last year, accordin ...
Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao ...
Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS
Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mi ...
Thursday, 15 July 10
ADANI TO DEVELOP COAL EXPORT TERMINAL IN AUSTRALIA - BUSINESS STANDARD
Business-Standard reported that, The Adani Group, promoter of Mundra Port and Special Economic Zone (MPSEZ), today said it has been selected as the ...
Thursday, 15 July 10
NO IMPROVEMENT IN THE DRY BULK MARKET - INTERMODAL
Broker’s insight
With the Baltic Dry Index today (13/7/2010) standing at 1,790 points - the lowest point since early May 2009 - ...
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- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Planning Commission, India
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
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