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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, 19 November 18
SUPRAMAX: THE BSI CONTINUED TO FALL LAST WEEK, ESPECIALLY THE ASIAN ROUTES - BALTIC BRIEFING
Capesize
After a cut throat couple of weeks, the market finally appeared to have found a floor and rates ticked up. Those analysts that predict ...
Sunday, 18 November 18
COAL STOCKS IN A THIRD OF NTPC PLANTS CLOSE TO NIL - FINANCIAL EXPRESS
Coal supply shortage continues to haunt NTPC, the country’s largest power generator, with latest government data showing 31% of the company&r ...
Thursday, 15 November 18
OIL MARKET REPORT: HEEDING THE WARNINGS - IEA
In last month’s Report, we noted that since the middle of the year oil supply had increased sharply, with gains in the Middle East, Russia an ...
Wednesday, 14 November 18
BIMCO ADOPTS 2020 BUNKER CLAUSES
BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release.
...
Wednesday, 14 November 18
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
The shipping industry is going through an interesting period across all markets. Since the end of last year, the Dry Baltic Index has been showing ...
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- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- PTC India Limited - India
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
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