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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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Saturday, 22 May 10
INDUSTRY QUESTIONS STEAM COAL PRICE ANOMALY
Five South Korean utilities have secured a deal for 3.13 million tonnes of Australian thermal coal with a calorific value of 6,080kcal/kg for delive ...
Wednesday, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ...
Wednesday, 19 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE LENGTHENS
Coal shipments from Australia's Newcastle port, the world's biggest export harbor for the fuel used in power stations, rose 2.9 percent last week ...
Tuesday, 18 May 10
THE BDI HIT A FIVE-MONTH HIGH AT THE CLOSE OF LAST WEEK
According to BRS, One of the oldest ship broker, at 3,929 points, the BDI hit a five-month high at the close of last week. The Capesize four time ch ...
Tuesday, 18 May 10
COAL TRADER CHINA QINFA TO BUY TWO BULK CARRIERS FOR 69 MLN USD
China Qinfa Group, a leading non-State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay 69 million U. ...
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- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Minerals Council of Australia
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- White Energy Company Limited
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
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- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- The University of Queensland
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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