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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 $52.50 a tonne FOB Richards Bay for June loading.
"The Indian market is all about price rather than quality," one trader said. "While South African can be delivered more cheaply than Indonesian the end-users will keep switching but as soon as the situation is reversed they will change again."
Source: http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=83939&sn=Detail
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Friday, 20 November 09
CHINESE COKING COAL SUPPLY TO BE 'TIGHT' IN 2010, KGI SAYS
Bloomberg Reported that, Stephen Wang, an analyst with KGI Securities in Taipei, comments on the outlook for Chinese steel production and demand for ...
Friday, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal minin ...
Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...
Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...
Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...
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- McConnell Dowell - Australia
- ASAPP Information Group - India
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- Interocean Group of Companies - India
- MS Steel International - UAE
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Australian Coal Association
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Planning Commission, India
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
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