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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, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward re ...
Thursday, 22 October 09
2ND UNITED INDONESIA CABINET UNVEILED
The Jakarta Post reported that, President Susilo Bambang Yudhoyono announced his second United Indonesia Cabinet on Wednesday night, comprising 34 m ...
Thursday, 22 October 09
PEABODY SET TO TAP ASIAN DEMAND FOR COAL
The Australian reported that, US coal giant Peabody Energy plans to double its Queensland and NSW coal exports in the next five years, as it looks t ...
Wednesday, 21 October 09
INDONESIA POWER FIRM SEEKS TO DEFER COAL SUPPLIES
Reuters reported that, Indonesia's state power firm is negotiating with two coal producers, including a unit of PT Bumi Resources Tbk, to defer a c ...
Wednesday, 21 October 09
MINING REGULATION GENERATES CONFUSION IN INDONESIA
The Jakarta Globe reported that, Mining industry representatives said on Friday they were confused by a recently issued regulation restricting the w ...
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- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Planning Commission, India
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
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- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
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- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
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- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
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- India Bulls Power Limited - India
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- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
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- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
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- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
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- Africa Commodities Group - South Africa
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- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
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- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
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- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
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- Attock Cement Pakistan Limited
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- Eastern Coal Council - USA
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- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- London Commodity Brokers - England
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- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
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- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
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- Bukit Baiduri Energy - Indonesia
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- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
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- Economic Council, Georgia
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- Siam City Cement - Thailand
- Medco Energi Mining Internasional
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- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- White Energy Company Limited
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- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
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- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
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- Tamil Nadu electricity Board
- Australian Coal Association
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
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