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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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Sunday, 13 January 13
THE FREIGHT MARKET: FAIRLY STEADY - VISTAAR
COALspot.com - The freight market was fairly steady with all the indices up with maximum gain in the Panamax segment. The BDI was up by 7.65 pct clo ...
Saturday, 12 January 13
SUB-BIT FOB INDONESIA COAL SWAPS: WEAK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has lost 0.32 percent WoW but CFR South China coal ship ...
Saturday, 12 January 13
HIGHER COAL PRICES: SEASONAL EFFECT
COALspot.com : Bahana Securities, one of the leading securities in Indonesia, said in its latest coal outlook that, on US and China&rsquo ...
Friday, 11 January 13
HBA HAS JUMPED BY US$ 5.80 PMT IN JANUARY 2013
COALspot.com - The Indonesian government has declared bench mark price for coal higher than December price. The monthly coal reference price f ...
Thursday, 10 January 13
PANAMAX : SOME GLIMMERS OF HOPE MID WEEK - FEARNLEYS
According to Fearnley’s weekly report, the Atlantic handy market is stable with rates around USD 11k for Cont-Feast and USD 17k bss USG/Feast. ...
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- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Australian Coal Association
- Makarim & Taira - Indonesia
- Planning Commission, India
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
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