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Thursday, 04 June 09
CHINA QINHUANGDAO COAL STOCK JUMPS BY 36.2% MOM - STEELGURU
SteelGuru reported that, Sources indicated that, coal stock at Qinhuangdao port, China's major coal port has reached 4.88 million tonnes increasing by 36.2%, or 1.29 million tonnes compared with May 1st. In the face of the rebounding coal stockpiles, some industry insiders expressed that this would exert pressure to coal price, and also some analysts believe that it can be regarded as a reflection of the traders' positive attitude.
China's Guangzhou port has witnessed the same trend, with coal stock rebounding to current 2.53 million tonnes from 2.2 million tonnes in early May by 15%.
An expert from China Coal Industry Association said "What makes a difference from in March and April is that coal stock is also increasing in power enterprises, instead of merely keeping stable. Journalists got to know that by May 31st coal stock at China's locally served power enterprises had stayed at 32.32 million tonnes, enough for 18 days' operation. This quantity was 1.57 million tonnes more than on May 17th and 4.18 million tonnes more than in March 30th.
An expert said "In short term, coal market will still be in a state of oversupply, so it does have pressure to coal price. However, no signs point to coal price drop at Qinhuangdao port so far and till yesterday high grade mixed coal with 6,000 calorie per kilogram at the port had prevailed at CNY 620 per tonne to CNY 640 per tonne.”
An analyst from a security company said that growing coal stock indicate traders' confidence has recovered to some point. At present the stocking time remains at 8 days which is a normal level compared with 7 to 11 days in history. He further pointed out that a rip might show up in coal supply and demand in the near future.
Source:http://www.steelguru.com/news/index/2009/06/04/OTcwNTk%3D/China_Qinhuangdao_coal_stock_jumps_by_36.2%2525MoM.html
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Monday, 27 April 09
JSW ENERGY SET TO SNAP UP AFRICAN COAL MINE FOR $70 MN - ECONOMIC TIMES
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million ...
Monday, 27 April 09
INDONESIA MINING RULES MAY DETER INVESTORS-OFFICIALS - REUTERS
Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest ec ...
Monday, 27 April 09
UNDERGROUND MINING IN FOREST AREAS NOT SO SIMPLE - THE JAKARTA POST
The government's plan to issue a presidential decree allowing mining companies to mine underground in protected forest concession areas has resulte ...
Monday, 27 April 09
COAL PRICES ABOVE FUNDAMENTALS - STUFF.CO.NZ
Coal prices have defied the gravity of fundamental factors, supported by stockpiling prompted by cheaper prompt prices rather than a reflextion of a ...
Sunday, 26 April 09
MITRA HOPES TO SECURE DEALS WITH TWO COAL FIRMS BY JUNE - THE JAKARTA POST
An integrated oil and gas services company, publicly listed PT Mitra Rajasa, is expecting to seal acquisition deals with two coal companies in June, ...
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- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- The University of Queensland
- CNBM International Corporation - China
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- VISA Power Limited - India
- Australian Coal Association
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Parliament of New Zealand
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- GMR Energy Limited - India
- MS Steel International - UAE
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
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