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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 February 12
INDONESIAN COAL EXPORTS TO CHINA DROPS 39.76 PERCENT IN JANUARY 2012
COALspot.com: Indonesia, the world largest coal exporter, shipped 28.21* mln mt of coal in January 2012, slightly lower than its December 2011 ...
Monday, 27 February 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The pessimism in the dry market persists with the Baltic Dry Index still trying to find a steady pace of growth and average time charter earnings fo ...
Sunday, 26 February 12
THE FREIGHT RATES FOR INDONESIA TO INDIA IS LIKELY TO BE FIRM FOR NEXT 2/3 WEEKS - VISTAAR
COALspot.com – “There was not much change in the BDI and other indices this week except for the Panamax which was down by 11.91 pc ...
Friday, 24 February 12
DRY BULK MARKET POSTS FIRST REBOUND IN A WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was expected since mid-week, the dry bulk market's benchmark, the BDI (Baltic Dry Index) has managed to put a stop in a 6-day losing rally, endi ...
Thursday, 23 February 12
2.5 PANAMAX VESSELS PER AVAILABLE CARGO FOR MARCH DATES - FEARN BULK
Handy
Another depressing week for Supras in both basins. Lack of fresh business and over-supply of tonnage in the Atlantic pushed rates south. Cont ...
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- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- White Energy Company Limited
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
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