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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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Thursday, 07 April 16
PANAMAX RATES ARE FIRMING IN BOTH HEMISHEPHERES - FEARNLEYS
Capesize
With a great volume our of west Australia, rates were finally moving to upper 3's. and stabilizing towards the middle of the week in ...
Thursday, 07 April 16
BIMCO AND GIIGNL PUBLISH A GROUNDBREAKING VOYAGE CHARTER PARTY FOR LNG TRADE
BIMCO and the International Group of Liquefied Natural Gas Importers (GIIGNL) have today jointly issued the first definitive voyage charter party & ...
Wednesday, 06 April 16
HOW LONG SHIPPING CRISIS WILL BE; WHEN SHOULD OWNERS EXPECT THE BULK CARRIERS TO BECOME PROFITABLE? - INTERMODAL
It is the consensus that dry bulk shipping has been in a crisis for quite some time now. Bulk carrier values are at historical low levels, therefor ...
Tuesday, 05 April 16
DRY BULK REVISITS 1980S LOWS AND FACES UNCERTAIN LONGER TERM OUTLOOK - MSI | HELLENIC SHIPPING NEWS
With the market near bottom, attention is turning to the length of the downturn, the effect on asset values and the impact of broader demand side c ...
Monday, 04 April 16
THE LOADING, AND SUBSEQUENT DISCHARGE, OF UNSAFE NICKEL ORE - ALL TIME TO 'COUNT' - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
In a recent, published, London arbitration award the English tribunal has held that all time lost as a result of loading, ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Xindia Steels Limited - India
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
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