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Thursday, 04 June 09
ASIA COAL - PRICES RISE TO 31/2 MTH HIGH ON OIL, ECONOMY - INTERACTIVE INVESTOR
Interactive Investor reported that, Prices of power-station coal from Australia, a benchmark for Asia, rose to a three-and-a-half-month high of over $72 a tonne on higher oil prices and expectations that a recovery in global economy would spur demand.
Thermal coal prices in the globalCOAL Newcastle index rose $6.48 from the previous week to $72.79 a tonne, the highest since Feb. 24 when it stood at $73.38 a tonne. "There is some direction now with the gain in oil prices. Also, there is positive sentiment about the global economy that pulling up prices," a regional trader said.
Crude oil steadied at $66 a barrel on Thursday after hitting nearly seven-month high of $69.05 a tonne on Tuesday on expectations of an economic recovery.
Strong demand from China and India is also expected to spur recovery in global coal in the second half of this year, industry participants said at a recent industry gathering.
There were no physical trades registered on globalCOAL.
INDONESIA COAL
Chinese buyers were still scouting for Indonesia coal. One handimax of 6,300 kcal/kg air-dried basis (ADB), FOB mother vessel, has been sold to a Chinese buyer at $55 a tonne for delivery in July.
"The price was still a bit low because it was settled in April. We still see a lot of inquiries from China. Now, everybody suddenly wants to trade with China," said an Indonesian trader.
Indonesian coal prices are likely to go up to around $60 in coming weeks in line with a recovery in global coal prices, the trader said.
About 11,000 tonnes of Indonesian sub-bituminous coal of 5,600 kcal/kg ADB were traded at $39.5 a tonne, FOB barge from East Kalimantan, but there were no details of buyers.
"Inquiries are now starting to come in, because of a rise in prices," said another Indonesian trader.
In the domestic market, demand remained slow as power plants still have abundant supplies, of more than a month, traders said, adding power plants may be back to the market in the third quarter to secure stockpiles ahead of the rainy season.
Source: http://www.iii.co.uk/news/?type=afxnews&articleid=7354705&subject=companies&action=article
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Thursday, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN
This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Y ...
Wednesday, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...
Wednesday, 26 May 10
DRY BULK MARKET SHOOTS UP, CLOSES IN ON POST-CRISIS ERA HIGHS
In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...
Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS
Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agend ...
Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 perc ...
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- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Australian Coal Association
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- PTC India Limited - India
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Parliament of New Zealand
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