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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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Sunday, 11 July 10
OVERALL NO OR NEGLIGIBLE IMPACT IN ARUTMIN MINE - BUMI
COALspot.com: Bumi denies the media reports on an impact of unusually rains on coal production in BUMI mines.
"Arutmin is being impacted by ...
Saturday, 10 July 10
FREIGHT MARKET SITUATION MAY CONTINUE FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: The market continued to soften further with the cape and panamax index down by about 20 pct and closed at 2,102 and 1,944 points respe ...
Saturday, 10 July 10
STC OF INDIA TO ASSOCIATE WITH FUEL SUPPLIERS
COALspot.com: State Trading corporation of India, which is under Ministry of Commerce, has invited Expression of Interest from coal suppliers ...
Saturday, 10 July 10
SCOMI TO SELL STAKE IN INDONESIA OPS - THE STAR
The star online reported that, Scomi Marine Bhd will sell a stake in its marine logistics business in Indonesia to a large Indonesian company to dea ...
Thursday, 08 July 10
KPCL RECEIVES 8 QUALIFIED BIDS TO SUPPLY 500,000 MT OF COAL
COALspot.com: Indian state utility KARNATAKA POWER CORPORATION LIMITED has opened price bid yesterday.
According to a participant, the quo ...
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- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Parliament of New Zealand
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Central Java Power - Indonesia
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Australian Coal Association
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
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