COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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)

Share your coal & shipping news with COALspot.com



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

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 - ...


   1143 1144 1145 1146 1147   
Showing 5721 to 5725 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • ACC Limited - India
  • Directorate Of Revenue Intelligence - India
  • Bulk Trading Sa - Switzerland
  • Bayan Resources Tbk. - Indonesia
  • White Energy Company Limited
  • Total Coal South Africa
  • MEC Coal - Indonesia
  • SRK Consulting
  • Shree Cement - India
  • TNPL - India
  • Petron Corporation, Philippines
  • Runge Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Geoservices-GeoAssay Lab
  • Dalmia Cement Bharat India
  • GB Group - China
  • Pinang Coal Indonesia
  • Riau Bara Harum - Indonesia
  • Surastha Cement
  • Infraline Energy - India
  • Economic Council, Georgia
  • Formosa Plastics Group - Taiwan
  • PTC India Limited - India
  • Coal Orbis AG
  • Mercator Lines Limited - India
  • Sree Jayajothi Cements Limited - India
  • Parry Sugars Refinery, India
  • Orica Australia Pty. Ltd.
  • PLN - Indonesia
  • Maybank - Singapore
  • Sindya Power Generating Company Private Ltd
  • Siam City Cement PLC, Thailand
  • Ince & co LLP
  • Intertek Mineral Services - Indonesia
  • Cebu Energy, Philippines
  • Cosco
  • Neyveli Lignite Corporation Ltd, - India
  • Standard Chartered Bank - UAE
  • VISA Power Limited - India
  • World Coal - UK
  • Deloitte Consulting - India
  • Holcim Trading Pte Ltd - Singapore
  • Bank of America
  • Argus Media - Singapore
  • Coeclerici Indonesia
  • Sojitz Corporation - Japan
  • IBC Asia (S) Pte Ltd
  • Coaltrans Conferences
  • Eastern Energy - Thailand
  • Aditya Birla Group - India
  • Kideco Jaya Agung - Indonesia
  • Lanco Infratech Ltd - India
  • Japan Coal Energy Center
  • Arch Coal - USA
  • PowerSource Philippines DevCo
  • CNBM International Corporation - China
  • Alfred C Toepfer International GmbH - Germany
  • Shenhua Group - China
  • NTPC Limited - India
  • 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
  • Thermax Limited - India
  • Marubeni Corporation - India
  • Australian Commodity Traders Exchange
  • Rudhra Energy - India
  • Britmindo - Indonesia
  • BRS Brokers - Singapore
  • Medco Energi Mining Internasional
  • JPMorgan - India
  • Bhoruka Overseas - Indonesia
  • UBS Singapore
  • OCBC - Singapore
  • Renaissance Capital - South Africa
  • Sucofindo - Indonesia
  • CESC Limited - India
  • JPower - Japan
  • TeaM Sual Corporation - Philippines
  • Samsung - South Korea
  • SN Aboitiz Power Inc, Philippines
  • Thai Mozambique Logistica
  • Vitol - Bahrain
  • APGENCO India
  • Gresik Semen - Indonesia
  • 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
  • Arutmin Indonesia
  • Deutsche Bank - India
  • WorleyParsons
  • Permata Bank - Indonesia
  • KEPCO - South Korea
  • Wilmar Investment Holdings
  • Bank of China, Malaysia
  • Baramulti Group, Indonesia
  • NALCO India
  • Bhushan Steel Limited - India
  • Maersk Broker
  • Aboitiz Power Corporation - Philippines
  • Global Green Power PLC Corporation, Philippines
  • Cargill India Pvt Ltd
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Indika Energy - Indonesia
  • Savvy Resources Ltd - HongKong
  • Peabody Energy - USA
  • KPCL - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Moodys - Singapore
  • bp singapore
  • Kartika Selabumi Mining - Indonesia
  • globalCOAL - UK
  • European Bulk Services B.V. - Netherlands
  • KPMG - USA
  • The Treasury - Australian Government
  • London Commodity Brokers - England
  • EMO - The Netherlands
  • Heidelberg Cement - Germany
  • RBS Sempra - UK
  • 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
  • Asia Cement - Taiwan
  • Inspectorate - India
  • SASOL - South Africa
  • Posco Energy - South Korea
  • CCIC - Indonesia
  • ETA - Dubai
  • Planning Commission, India
  • Australian Coal Association
  • Mechel - Russia
  • OPG Power Generation Pvt Ltd - India
  • World Bank
  • Asian Development Bank
  • Berau Coal - Indonesia
  • Adani Power Ltd - India
  • Platou - Singapore
  • Thailand Anthracite
  • 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
  • IMC Shipping - Singapore
  • Indonesian Coal Mining Association
  • Gujarat Electricity Regulatory Commission - India
  • India Bulls Power Limited - India
  • SGS (Thailand) Limited
  • Interocean Group of Companies - India
  • ING Bank NV - Singapore
  • Cardiff University - UK
  • Antam Resourcindo - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Ind-Barath Power Infra Limited - India
  • Lafarge - France
  • ANZ Bank - Australia
  • Merrill Lynch Commodities Europe
  • Maheswari Brothers Coal Limited - India
  • Wood Mackenzie - Singapore
  • DBS Bank - Singapore
  • Bukit Baiduri Energy - Indonesia
  • The University of Queensland
  • Ernst & Young Pvt. Ltd.
  • HSBC - Hong Kong
  • Leighton Contractors Pty Ltd - Australia
  • Energy Development Corp, Philippines
  • Salva Resources Pvt Ltd - India
  • Fearnleys - India
  • Agrawal Coal Company - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Vale Mozambique
  • Kohat Cement Company Ltd. - Pakistan
  • Madhucon Powers Ltd - India
  • Malco - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Timah Investasi Mineral - Indoneisa
  • Directorate General of MIneral and Coal - Indonesia
  • Petrosea - Indonesia
  • Simpson Spence & Young - Indonesia
  • Larsen & Toubro Limited - India
  • TGV SRAAC LIMITED, India
  • SUEK AG - Indonesia
  • Glencore India Pvt. Ltd
  • Idemitsu - Japan
  • Globalindo Alam Lestari - Indonesia
  • Malabar Cements Ltd - India
  • Billiton Holdings Pty Ltd - Australia
  • Chamber of Mines of South Africa
  • UOB Asia (HK) Ltd
  • CIMB Investment Bank - Malaysia
  • SMG Consultants - Indonesia
  • Qatrana Cement - Jordan
  • Ceylon Electricity Board - Sri Lanka
  • Tata Power - India
  • Metalloyd Limited - United Kingdom
  • Tata Chemicals Ltd - India
  • Cemex - Philippines
  • Thomson Reuters GRC
  • GNFC Limited - India
  • Barasentosa Lestari - Indonesia
  • Latin American Coal - Colombia
  • Straits Asia Resources Limited - Singapore
  • Russian Coal LLC
  • Noble Europe Ltd - UK
  • GN Power Mariveles Coal Plant, Philippines
  • Enel Italy
  • 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
  • Indorama - Singapore
  • Asmin Koalindo Tuhup - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Oldendorff Carriers - Singapore
  • Xstrata Coal
  • GMR Energy Limited - India
  • Bhatia International Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • Coal India Limited
  • Coal and Oil Company - UAE
  • Kobe Steel Ltd - Japan
  • Jorong Barutama Greston.PT - Indonesia
  • Videocon Industries ltd - India
  • Panama Canal Authority
  • Minerals Council of Australia
  • Iligan Light & Power Inc, Philippines
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Bangkok Bank PCL
  • Merrill Lynch Bank
  • Carbofer General Trading SA - India
  • IEA Clean Coal Centre - UK
  • Grasim Industreis Ltd - India
  • Mitsui
  • Thriveni
  • Krishnapatnam Port Company Ltd. - India
  • Vedanta Resources Plc - India
  • Georgia Ports Authority, United States
  • Rio Tinto Coal - Australia
  • Jindal Steel & Power Ltd - India
  • Reliance Power - India
  • Vizag Seaport Private Limited - India
  • TNB Fuel Sdn Bhd - Malaysia
  • PLN Batubara - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Ministry of Transport, Egypt
  • Kaltim Prima Coal - Indonesia
  • J M Baxi & Co - India
  • Inco-Indonesia
  • South Luzon Thermal Energy Corporation
  • U S Energy Resources
  • GVK Power & Infra Limited - India
  • Mercuria Energy - Indonesia
  • Mitra SK Pvt Ltd - India
  • Clarksons - UK
  • BNP Paribas - Singapore
  • Indogreen Group - Indonesia
  • KOWEPO - South Korea
  • 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
  • Indonesia Power. PT
  • Mintek Dendrill Indonesia
  • Mitsubishi Corporation
  • Tanito Harum - Indonesia
  • Siam City Cement - Thailand
  • Energy Link Ltd, New Zealand
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Power Finance Corporation Ltd., India
  • IOL Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Indian School of Mines
  • Samtan Co., Ltd - South Korea
  • MS Steel International - UAE
  • TANGEDCO India
  • Gujarat Sidhee Cement - India
  • Rashtriya Ispat Nigam Limited - India
  • Sakthi Sugars Limited - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Gupta Coal India Ltd
  • Indian Energy Exchange, India
  • Sinarmas Energy and Mining - Indonesia
  • Goldman Sachs - Singapore
  • Platts
  • Kepco SPC Power Corporation, Philippines
  • Chettinad Cement Corporation Ltd - India
  • Semirara Mining Corp, Philippines
  • Commonwealth Bank - Australia
  • Adaro Indonesia
  • Electricity Authority, New Zealand
  • Manunggal Multi Energi - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Kobexindo Tractors - Indoneisa
  • Borneo Indobara - Indonesia
  • Therma Luzon, Inc, Philippines
  • Humpuss - Indonesia
  • McKinsey & Co - India
  • Karbindo Abesyapradhi - Indoneisa
  • PNOC Exploration Corporation - Philippines
  • Independent Power Producers Association of India
  • Maruti Cements - India
  • Barclays Capital - USA
  • Orica Mining Services - Indonesia
  • ASAPP Information Group - India
  • GHCL Limited - India
  • Core Mineral Indonesia
  • Uttam Galva Steels Limited - India
  • TRAFIGURA, South Korea
  • Essar Steel Hazira Ltd - India
  • Ministry of Mines - Canada
  • CoalTek, United States
  • The India Cements Ltd
  • McConnell Dowell - Australia
  • Kalimantan Lumbung Energi - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Bharathi Cement Corporation - India
  • Meenaskhi Energy Private Limited - India
  • Kumho Petrochemical, South Korea
  • Jatenergy - Australia
  • Freeport Indonesia
  • Mjunction Services Limited - India
  • EIA - United States
  • Sical Logistics Limited - India
  • ICICI Bank Limited - India
  • PetroVietnam
  • Global Business Power Corporation, Philippines
  • LBH Netherlands Bv - Netherlands
  • Central Electricity Authority - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Credit Suisse - India
  • Eastern Coal Council - USA
  • Altura Mining Limited, Indonesia