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Thursday, 28 May 09
INDIANS CHOOSE SOUTH AFRICA COAL OVER INDONESIAN - MINEWEB (REUTERS)
 South African cargoes are about $4 a tonne cheaper than Indonesian coal, as a result India now prefers South Africa .
Indian imports of South African coal in 2009 could be considerably higher than last year's 10 million tonnes because many buyers who formerly favoured Indonesian coal are switching to currently cheaper South African material, Indian trade importers said.
South African cargoes are about $4 a tonne cheaper than Indonesian coal.
"It's too early to predict accurately how much more South African coal will come to India this year but I can say that most of my clients who always took Indonesian coal are asking for South African instead," one of India's largest trader importers said.
India is expected to import over 40 million tonnes of coal in 2009 in total, most of which will come from Indonesia to supply power plants. The remainder will be from South Africa and Australia with a few cargoes from Russia.
India has become a vital buyer of South African coal in 2009 because demand in South Africa's major market, Europe, has shrunk due to falling industrial power consumption.
South African producers have more coal for export than forecast in January and are heavily dependent on Indian buying to absorb spot cargoes, producers admit.
Power generators have been taking lower energy content, lower-priced Indonesian coal under term contracts for a few years but surging demand for power has forced them to increase spot buying.
ALL ABOUT PRICE
Until two months ago, generators bought spot Indonesian coal because it was the cheapest option on a delivered basis. Some recent tenders by state utilities saw Indonesian offered CIF at prices below $50.00 a tonne.
Now, South African coal is $4.00 or more a tonne cheaper and state utilities and private power plants are seeking Richards Bay cargoes, traders said.
"The Indonesian prices are not competitive into India from most suppliers right now," another Indian trader said. "They are getting very good prices from China and focussing on that market," he said.
There are two basic types of Indonesian coal sold into India - bituminous and sub-bituminous. The highest-cost, highest energy-content Indonesian bituminous coal is being offered at $55.00-$56.00 a tonne FOB plus freight of around $15.00, traders said.
This coal typically has a higher moisture content than South African coal of a similar calorific value so it is more economic to ship South African rather than pay freight to ship water, traders said.
Prompt South African cargoes are currently bid at $52.50 a tonne FOB Richards Bay for June loading.
"The Indian market is all about price rather than quality," one trader said. "While South African can be delivered more cheaply than Indonesian the end-users will keep switching but as soon as the situation is reversed they will change again."
Source: http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=83939&sn=Detail
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Monday, 23 November 09
INDONESIA MINING RULE THREATENS INVESTMENT DRIVE
A new Indonesian mining rule, limiting contract work that can be outsourced and favouring local players, is shaping up as a new blow to plans ...
Sunday, 22 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 25,000/26,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR ANALYSIS
COALspot.com (Singapore): Analyised by Capt. Radhakrishnan Reddy, Managing Director of Vistaar Shipping Services, Singapore.
BDI hits a new high ...
Friday, 20 November 09
INDONESIA UNITED TRACTORS PLANS $430 MLN CAPEX IN 2010
Reuters reported that, Indonesian heavy equipment distributor and mining contractor PT United Tractors Tbk plans capital expenditure of $430 million ...
Friday, 20 November 09
DRY BULK SHIP OWNERS HOPE RALLY WILL LAST
Boon times are still on the daily agenda of every dry bulk ship owner these days after one of the toughest year in the industry’s century-old ...
Friday, 20 November 09
NTPC LOOKING FOR LONG TERM CONTRACTS FOR COAL IMPORT
Business Standard of India reported that, State run power firm NTPC today said it is looking for long-term supply of coal from overseas market to me ...
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- Pendopo Energi Batubara - Indonesia
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- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
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- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
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- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Mjunction Services Limited - India
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- London Commodity Brokers - England
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- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
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- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
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- Energy Development Corp, Philippines
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- The State Trading Corporation of India Ltd
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- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
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- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
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- Singapore Mercantile Exchange
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- MS Steel International - UAE
- Australian Coal Association
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- Global Coal Blending Company Limited - Australia
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- Renaissance Capital - South Africa
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- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
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- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
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- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
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- Jorong Barutama Greston.PT - Indonesia
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- PTC India Limited - India
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- Aditya Birla Group - India
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Planning Commission, India
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
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- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
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- IEA Clean Coal Centre - UK
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- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
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- Tamil Nadu electricity Board
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- PNOC Exploration Corporation - Philippines
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- Bangladesh Power Developement Board
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- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
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- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
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- Siam City Cement PLC, Thailand
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- Pipit Mutiara Jaya. PT, Indonesia
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- Indonesian Coal Mining Association
- Bhatia International Limited - India
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