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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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Wednesday, 03 August 16
SHIP TRADING AND ORDERING CLOSE TO A STALEMATE AS SUMMER LULL KICKS IN
With newbuilding activity already at a near standstill since the start of the year, most of 2016’s trading activity in shipping was evident i ...
Tuesday, 02 August 16
INDONESIAN CS COAL INDICES STAY POSITIVE
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 0.71% week over week to averaging $41.12 per ton this past week, shows CS (i) C ...
Monday, 01 August 16
4200 GAR INDONESIAN COAL PRICE MAY TOUCH $ 32/33 A TON LEVELS SOON
COALspot.com: Indonesian coal prices are likely surge further in 2016 as the recent price movement in Indonesian coal markets suggests that the mar ...
Monday, 01 August 16
BALTIC INDEX ENDED NEGATIVE NOTE THIS PAST WEEK ON WEAKER RATES ACROSS ALL LARGE VESSEL SEGMENTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities slide slightly as Cape, Panamax and Supramax segments end ...
Friday, 29 July 16
U.S. COAL OUTPUT SLIPS SLIGHTLY WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers has produced approximately totalled an estimated 15 million short tons ( ...
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- OPG Power Generation Pvt Ltd - India
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- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
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- Singapore Mercantile Exchange
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- Power Finance Corporation Ltd., India
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- Australian Commodity Traders Exchange
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
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- White Energy Company Limited
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- Ministry of Finance - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
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- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
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- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
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- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
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- Parliament of New Zealand
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- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
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- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
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- Oldendorff Carriers - Singapore
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- Leighton Contractors Pty Ltd - Australia
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- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
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- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Trasteel International SA, Italy
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- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
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- GMR Energy Limited - India
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- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
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- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
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- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
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- Tamil Nadu electricity Board
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