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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, 05 January 10
WINTER WEATHER SPIKES COAL PRICES - CHINA UPDATE
Cold weather is driving coal prices higher and will lend the advantage in annual negotiations to suppliers, analysts said, predicting that the risin ...
Monday, 04 January 10
TOKYO ELECTRIC SEALS XSTRATA COAL DEAL
Tokyo Electric Power Co has agreed to pay about $US85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the pri ...
Monday, 04 January 10
IND-BARATH TO SHIFT PROJECT FROM AP TO TN
Hyderabad-based power producer Ind–Barath is planning to set up a power plant at Tuticorin, Tamil Nadu. The proposed project would attract inv ...
Sunday, 03 January 10
NEWCASTLE THERMAL COAL PRICES FALL IN FIRST DECLINE IN 3 WEEKS
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 1.5 percent, falling for the first time in three weeks ...
Sunday, 03 January 10
NTPC SEEKS REPORT ON TRANSPORTING COAL THROUGH WATERWAYS
State-run National Thermal Power Corporation (NTPC), the country’s largest power utility, has asked for a “holistic” feasibility r ...
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- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- The University of Queensland
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
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