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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, 10 March 14
THE FREIGHT MARKET WAS QUITE FIRM THIS PAST WEEK
COALspot.com: The freight market was quite firm this past week with BDI sharply increased by 22.65 pct week on week and closed at 1543 points, while ...
Saturday, 08 March 14
LETTERS OF INDEMNITY - SKULD
KNOWLEDGE TO ELEVATE
In today's trading market, owners are frequently requested to accept a letter of indemnity (LOI) in exchange for complying ...
Friday, 07 March 14
DRY BULK MARKET TO BENEFIT FROM CHINA'S GDP GROWTH TARGET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With the dry bulk market freight rates finally making waves, China's aim of 7.5% GDP growth for 2014 mean once again positive news for the shipping ...
Friday, 07 March 14
RBCT, WORLD'S LARGEST COAL EXPORTING TERMINAL SHIPPED 1.78% LESS COAL MONTH ON MONTH
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest export coal terminal in the world, shipped 4.487 million tons of ...
Friday, 07 March 14
INDONESIA SHIPPED 7% LESS COAL IN JANUARY 2014 COMPARED TO ITS DECEMBER EXPORTS
COALspot.com: Indonesia, the world 4th largest coal producer and the Global largest multi grade coal exporter shipped around $1.8* billion ...
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- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- The University of Queensland
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
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