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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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Tuesday, 22 February 11
SUPRAMAX MARKET IS IMPROVING IN THE PACIFIC
BRS - A 10% rise in the BDI this week, mostly on the back of Panamax rates and improvements in the Supramax market in the Pacific. For the Capes, ra ...
Monday, 21 February 11
CHURCHILL MINING RECEIVES SIGNIFICANT INTEREST, PROPOSALS TO DEVELOP EAST KUTAI COAL PROJECT - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining has received a number of specific proposals to fund and develop its massive East Kutai coa ...
Monday, 21 February 11
ABOLISH 5% DUTY ON COAL IMPORTS: SHINDE
Indian Express reported that, with acute coal shortage of domestic coal threatening to destabilise its power generation plans, the power ministry ha ...
Saturday, 19 February 11
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market was quite firm this week with freight rates in South east asia and India/Feast almost up by 30 pct.
However towards end ...
Thursday, 17 February 11
COAL-GEN EUROPE 2011 REAFFIRMS THE IMPORTANCE OF COAL
Press Release: The third COAL-GEN Europe conference and exhibition, kicked off on Tuesday 15 February, with leading experts, professionals and compa ...
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- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Planning Commission, India
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Minerals Council of Australia
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
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