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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 $52.50 a tonne FOB Richards Bay for June loading.
"The Indian market is all about price rather than quality," one trader said. "While South African can be delivered more cheaply than Indonesian the end-users will keep switching but as soon as the situation is reversed they will change again."
Source: http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=83939&sn=Detail
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Sunday, 04 October 09
GRASIM TO CONSOLIDATE CEMENT BIZ
The Statesman reported that, India's largest cement producer Aditya Birla group today said it would consolidate its cement businesses by merging Gr ...
Sunday, 04 October 09
GOVT THREATENS TO CANCEL COAL BLOCK ALLOTTED TO BINANI CEMENT
Economic Times reported that, The government has threatened to cancel a coal block allocated for captive use to Binani Cement saying the company see ...
Saturday, 03 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The BDI firmed up this week by almost 8 pct to 2,357 points , the main reason being jump in Cape size index by almost 22 p ...
Friday, 02 October 09
C&O SEES INDONESIA COAL PURCHASES UP 20 PCT IN 2010
Reuters reported that, Dubai-based coal trader Coal & Oil (C&0) expects its coal purchases from Indonesia to increase by at least 20 percent ...
Thursday, 01 October 09
MJUNCTION LAUNCHES INDIA'S FIRST COAL SPOT PRICE INDEX
• Named 'MJcomposite, MJsteel, MJcement, MJpower' the value weighted index will benefit Indian coal buyers by minimising risk against pr ...
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- Parliament of New Zealand
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- The University of Queensland
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Planning Commission, India
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
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