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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, 12 June 14
HANDY : TA MARKET IS CONTINUING SOUTH WITH A DECREASE OF 26% W-O-W
Handy
The week started off with holidays in most European countries and the TA market is continuing south with a decrease of 26% w-o-w. We do see ...
Thursday, 12 June 14
CONSOLIDATION IS THE ' NAME OF THE GAME' WHEN IT COMES TO SHIPYARDS ACROSS ASIA - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Intense competition, a swelling of new greenfield shipyards over the past few years mainly in China, especially prior to the 2008 global financial ...
Wednesday, 11 June 14
INDONESIA'S COAL EXPORT VOLUME AND REVENUE SLIPS 2.75% AND 6.73% RESPECTIVELY IN APRIL
COALspot.com: Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.8* b ...
Wednesday, 11 June 14
BPI TOUCHING A NEW LOW FOR THE YEAR
The Dry Bulk market closed off the week positively, on the back of firming Capesize rates, while the market overall continues to face a very challe ...
Monday, 09 June 14
GOVT GETS TOUGH ON ILLEGAL MINING, SUSPENDS LICENSES - THE JAKARTA POST
The government has temporarily suspended the licenses of 62 mineral and coal transportation companies as part of its efforts to curb illegal mining ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Planning Commission, India
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Economic Council, Georgia
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- The University of Queensland
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
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