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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, 07 February 11
RICHARDS BAY COAL TERMINAL EXPORTS SURGE, BUOYED BY ECONOMIC DEVELOPMENT IN CHINA AND INDIA
COALspot.com - Richards Bay Coal Terminal (RBCT) announced today that 2010 exports have exceeded the last two years’ performance, said in a re ...
Monday, 07 February 11
RBCT SHIPPED 28.67 PERCENT LESS COAL IN JANUARY
COALspot.com - Richards Bay Coal Terminal (RBCT) is the single largest export coal terminal in the world, shipped 4,389,925 MT of coal in January 20 ...
Sunday, 06 February 11
THE PANAMAX & SUPRAMAX FUTURES FOR 2011-2013 WAS AT AROUND US$ 16,500 & US$ 15,000 PER DAY RESPECTIVELY
COALspot.com - With the Chinese new year holidays this week, the market has been fairly quite as expected.
The BDI saw a bigger drop compared to ...
Saturday, 05 February 11
INDONESIAN ENERGY MINISTER HAS SIGNED A DECREE FOR COAL TRANSPORTATION PERMITS ON FRIDAY
COALspot.com - Minister of Energy, Darwin Minister Saleh said, that, he had signed a decree for transportation and sale of coal, which was the ...
Saturday, 05 February 11
ANCHORAGE LOADING POINT MOVED TO MUARA JAWA
COALspot.com - The Ministry of Transportation Republic Indonesia has announced that, the loading point at Muara Berau, East kalimantan h ...
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- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- The University of Queensland
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
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