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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 $92 a tonne.
Some industry participants also said that utilities in southern China might buy less coal in the second half as many would have already contracted large volumes earlier this year to meet part of their full-year requirements.
Banpu's unit in Indonesia, PT Indo Tambangraya Megah, which also has stakes in power plants in China, said some utilities in southern China have been increasing their coal purchases since April as they step up power production.
"As long as there is a difference between domestic and import prices, China will still be buying coal from overseas," Apimuk Taifayongvichit, chief marketing and logistics planner at Indo Tambangraya Megah, said at the Coaltrans conference in Bali.
"And we do not expect domestic prices to tumble."
Apimuk also said the firm was looking to acquire coal mines in Indonesia to increase the company's production.
Indonesia's Adaro also said China's demand for overseas coal was expected to stay strong in the second half of this year.
"From the signs we've seen, going forward, we can only say it is still looking strong in the second half," said Alastair Grant, Adaro's marketing director
Grant said Adaro was expecting to increase sales to China to about 3.5 million tonnes in 2009, compared with about 2 million tonnes last year. He added that the bulk of that 3.5 million tonnes volume had already been contracted.
Indonesia's largest coal miner, PT Bumi Resources Tbk , said on Monday it had sold about 8 million tonnes of coal to China for delivery in 2009.
Source: http://www.reuters.com/article/rbssEnergyNews/idUSJAK12258320090602
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Monday, 31 March 14
CFR SOUTH CHINA COAL SWAP FOR Q2 14 DELIVERY LOST 1.17% M-O-M
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.17 percent month on month and closed at US$ 75.38 per m ...
Sunday, 30 March 14
FREIGHTS FROM INDONESIA TO INDIA IS EXPECTED TO BE SOFT NEXT WEEK - REDDY
COALspot.com: The freight market dropped drastically and all sectors were affected severely.
The BDI was down by 14.13 pct and closed at 1, ...
Friday, 28 March 14
US PRODUCED APPROXIMATELY 18.9 MMST IN A WEEK - EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 18.9 million short tons (mmst) of coal i ...
Friday, 28 March 14
CHINA'S ENVIRONMENTAL MEASURES WILL NOT CURB GROWTH IN DOMESTIC STEEL PRODUCTION AND SEABORNE IRON ORE - WOOD MACKENZIE SAYS
Steel plants in China have been targeted as a major source of the toxic smog enveloping Beijing and Shanghai. Emergency measures have been impos ...
Thursday, 27 March 14
PANAMAX : SEEMS TO HEAD FURTHER DOWN; CAPESIZE : ANOTHER CHOPPY AND UNPREDICTABLE WEEK - FEARNLEYS AS
Handy
A weaker sentiment for the smaller size as well, with reduced activity in the Atlantic where Owners have to face significantly lower ret ...
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- White Energy Company Limited
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- Commonwealth Bank - Australia
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- Orica Australia Pty. Ltd.
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- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
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- Savvy Resources Ltd - HongKong
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- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- The University of Queensland
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Timah Investasi Mineral - Indoneisa
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- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
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- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
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- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
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- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
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- Wilmar Investment Holdings
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- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Vizag Seaport Private Limited - India
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
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- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
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- The State Trading Corporation of India Ltd
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- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
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- Straits Asia Resources Limited - Singapore
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- Chettinad Cement Corporation Ltd - India
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- Planning Commission, India
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- Bukit Baiduri Energy - Indonesia
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- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
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- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
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- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
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