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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, 06 January 13
FREIGHT MARKET REMAINED FAIRLY STEADY - VISTAAR
WISH YOU ALL HAPPY NEW YEAR
COALspot.com - The freight market remained fairly steady in spite of Christmas / New Year Holidays. The BDI was almos ...
Saturday, 05 January 13
THE SHIPPING MARKET IN 2012 AND LOOKING FORWARD - BIMCO
Global Economy: Things will go up from here
The global economy continues to grow, albeit at a slower pace than previous years. The slower economic ...
Friday, 04 January 13
DRY BULK MARKET LOOKING FOR DIRECTION IN FIRST TRADING DAYS OF THE NEW YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market is actively looking for its footing at the start of the New Year, as charters have been scarce, as is usually the case during th ...
Thursday, 03 January 13
INDONESIAN SUB-BITUMINOUS COAL SWAPS CLOSED US$ 6.86 HIGHER FOR 2014 DELIVERY
COALspot.com - Swaps prices were changed positively for thermal coal for loading in the first quarter from Indonesia, according to SGX AsiaClear OTC ...
Thursday, 03 January 13
SUPRMAX FREIGHT RATE FROM RED SEA / INDIA IS AROUND MID TEENS - FEARNLEYS
Fearnleys in its weekly report said that, Indian market was very quiet in respect of export of iron ore. For Indo-India trip Supra rate was hovering ...
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- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Central Electricity Authority - India
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
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