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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, 27 January 14
Q3 2014 SUB-BIT INDONESIA COAL SWAP LOST GROUND, ENDS AT $60 PMT
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery lost 2.29% pmt month on month on Friday 24 January 2014. Th ...
Sunday, 26 January 14
FREIGHT RATES FALL FURTHER ON LACK OF CARGOES - SOLYM CARRIERS
COALspot.com: The freight market has continued to soften further this week with BDI down by 12.31 pct. BDI was closed at 1,246 points week ended 24 ...
Friday, 24 January 14
US COAL PRODUCTION UP 3.9% ON WEEK IN WEEK ENDED SATURDAY - EIA
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.1 million short tons (mmst) of coal in ...
Friday, 24 January 14
DRY BULK MARKET STRUGGLING TO FIND FIRM FOOTING IN START OF 2014 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been faltering since the start of 2014, struggling to hold its ground as low seasonal demand has hindered further growth in ...
Thursday, 23 January 14
PANAMAX : THIS WEEK THE ACTIVITY CAME DOWN DRAMATICALLY - FEARNRESEARCH
Handy
With the Chinese New Year approaching the activity and rate levels are sliding in both hemispheres. Rates in the Atlantic have knocked off so ...
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- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Planning Commission, India
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- The University of Queensland
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Australian Coal Association
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
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