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Tuesday, 02 June 09
CHINA OVERSEAS COAL DEMAND TO STAY BUOYANT-MINERS (REUTERS)
China's demand for overseas coal is expected to stay strong in the second half as long as prices of imported coal maintain a discount to domestic prices, two key Indonesian producers said on Tuesday.
The Indonesian unit of Thai Banpu said China's appetite for coal was still robust, while Indonesia's No. 2 coal miner PT Adaro also said Chinese demand for imported material was expected to stay robust.
There have been growing concerns among some producers and traders that China's recent hunger for overseas coal could soon fade following spikes in Asian thermal coal and freight prices in recent weeks, which are fast eroding the price advantage for southern Chinese utilities of purchasing the fuel.
Australian coal prices on the globalCOAL Newcastle index, a benchmark for Asia, jumped by nearly $3 from Friday and struck the psychologically important level of $70 a tonne on Monday, while port coal prices at China's top coal port Qinhuangdao were hovering at around $92 a tonne.
Some industry participants also said that utilities in southern China might buy less coal in the second half as many would have already contracted large volumes earlier this year to meet part of their full-year requirements.
Banpu's unit in Indonesia, PT Indo Tambangraya Megah, which also has stakes in power plants in China, said some utilities in southern China have been increasing their coal purchases since April as they step up power production.
"As long as there is a difference between domestic and import prices, China will still be buying coal from overseas," Apimuk Taifayongvichit, chief marketing and logistics planner at Indo Tambangraya Megah, said at the Coaltrans conference in Bali.
"And we do not expect domestic prices to tumble."
Apimuk also said the firm was looking to acquire coal mines in Indonesia to increase the company's production.
Indonesia's Adaro also said China's demand for overseas coal was expected to stay strong in the second half of this year.
"From the signs we've seen, going forward, we can only say it is still looking strong in the second half," said Alastair Grant, Adaro's marketing director
Grant said Adaro was expecting to increase sales to China to about 3.5 million tonnes in 2009, compared with about 2 million tonnes last year. He added that the bulk of that 3.5 million tonnes volume had already been contracted.
Indonesia's largest coal miner, PT Bumi Resources Tbk , said on Monday it had sold about 8 million tonnes of coal to China for delivery in 2009.
Source: http://www.reuters.com/article/rbssEnergyNews/idUSJAK12258320090602
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Monday, 20 June 11
KPCL SETS ALL INDIA & POSSIBLY A WORLD RECORD FOR COAL DISCHARGING
COALspot.com - Krishnapatnam Port has set an all India record for discharging 95,528 tons of steam coal in just 24 hrs using the conventional unload ...
Monday, 20 June 11
5TH ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2011 IS ON THE WAY
Press Release - Since the beginning of 2011, international commodity price has been in a high level, resulting in “TENSION” of energy co ...
Sunday, 19 June 11
S6 AND S7 ROUTES LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The freight market seemed to be stabilizing and the BDI and Cape index was up marginally and closed at 1,423 points and 1,824 points ...
Sunday, 19 June 11
BUMI 1Q NET PROFIT INCREASES 16.5 PERCENT
PT Bumi Resources Tbk (BUMI), Indonesia's largest coal exporter that is 25% owned by London-listed Vallar Plc, reported a16.49% increase in net pro ...
Friday, 17 June 11
DRY BULK BREATHES SIGH OF RELEAF ON RENEWED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has caught a sign of relief from the middle of the week onwards, as the BDI (Baltic Dry Index) increased once again yesterday, t ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Indogreen Group - Indonesia
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- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
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- Bangladesh Power Developement Board
- PTC India Limited - India
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- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Parliament of New Zealand
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- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
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- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
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- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
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