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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, 26 June 18
"ALWAYS ACCESSIBLE": ARRIVAL, DEPARTURE OR BOTH? - INCE & CO
KNOWLEDGE TO ELEVATE
An “always accessible” berth warranty is often used by an owner to transfer the risk of delays in berthing to ...
Tuesday, 26 June 18
A SHARP RISE IN THE PRICE OF CRUDE OIL WAS TO BE SEEN ON FRIDAY, ITS BIGGEST DAILY GAIN IN TWO YEARS - GEORGE LAZARIDIS
A sharp rise in the price of crude oil was to be seen on Friday, its biggest daily gain in two years, as OPEC reached a deal to raise output. Despi ...
Monday, 25 June 18
AUSTRALIA'S NEWCASTLE PORT SHIPPED 12.179 MT OF COAL IN MAY; DOWN 14.77% M/M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU1,453.6 Mi ...
Monday, 25 June 18
COAL IN THE CROSSFIRE: CHINESE TRADERS WARY OF BEING BURNT BY TRADE WAR - REUTERS
At least three U.S. coal shipments on their way to China may end up casualties of the escalating trade dispute after Beijing said it would impose s ...
Saturday, 23 June 18
COAL GROUP TARGETS 9 PER CENT REVENUE SPIKE - VIET NAM NEWS
Viet Nam News reported, the Viet Nam National Coal and Mineral Industries Group (Vinacomin or TKV) is targeting VNĐ116.9 trillion (US$5.1 billion) ...
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- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- The University of Queensland
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Planning Commission, India
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- PTC India Limited - India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
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