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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, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese ne ...
Saturday, 06 February 10
COAL MINISTRY SEEKS CUT IN IMPORT DUTY
The coal ministry wants the finance ministry to reduce the 5.1% import duty on thermal coal and continue with the existing zero import duty on cokin ...
Friday, 05 February 10
IN 2010, CHINA COAL OUTPUT TO REACH AROUND 3.3BLN T
It is expected that China's coal production in 2010 will reach around 3.3bln tons. It is predicted that in the first quarter of 2010, the tight coa ...
Thursday, 04 February 10
INDIA REMAINS FIRM - FEARNRESEARCH
CHARTERING - DRY BULK
Handy
The BSI has continued it´s downward movement for 2 weeks now.Nevertheless activity in the atlantic remains bu ...
Thursday, 04 February 10
INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
IPFA TO JOIN INF ...
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Showing 6021 to 6025 news of total 6871 |
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- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
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- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
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- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
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- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
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- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
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- Iligan Light & Power Inc, Philippines
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- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- The University of Queensland
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Planning Commission, India
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
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