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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, 28 March 16
THE SUPRAMAX INDEX WAS UP TWENTY-FOUR POINTS TO 473 POINTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 25 March 16
DRY BULK SHIPPING FLEET WILL GROW BY 1.3% DURING 2016 - BIMCO | HELLENIC SHIPPING NEWS
The dry bulk market will keep on suffering, at least until the start of 2017 and possibly well after that, should the current balance of supply and ...
Friday, 25 March 16
U.S COAL PRODUCTION DECLINED 9.1% W/W - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 11.3 million shor ...
Thursday, 24 March 16
PERSISTENT OVERCAPACITY TO PROLONG CHINA'S COAL SECTOR DOWNTURN - FITCH
China's coal sector is likely to remain under pressure in the short to medium term as structural weaknesses in demand and overcapacity persist, ...
Thursday, 24 March 16
SEABORNE TRADE: CHECKING UP ON THE TRENDS - CLARKSON RESEARCH
Following a decline in 2009, seaborne trade grew on average by 4.9% p.a. in 2010-13, reflecting booming import demand in a number of key importing ...
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- Globalindo Alam Lestari - Indonesia
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- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
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- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
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- Australian Coal Association
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- Malabar Cements Ltd - India
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- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
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- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
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- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
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- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
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- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
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- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
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- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- White Energy Company Limited
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- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Minerals Council of Australia
- Thai Mozambique Logistica
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
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- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
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- Ministry of Finance - Indonesia
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- Orica Australia Pty. Ltd.
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- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
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- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
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- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
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- Economic Council, Georgia
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- Planning Commission, India
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- Sakthi Sugars Limited - India
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- Altura Mining Limited, Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Australian Commodity Traders Exchange
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- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
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- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
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- The University of Queensland
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- Parliament of New Zealand
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