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Friday, 12 June 09
CHINA TOP POWER COS SIGN REGIONAL COAL DEALS - REUTERS
China's top five power generating groups have signed 2009 coal supply contracts with miners in Guizhou and Xinjiang, with prices up 4 percent on the year, or flat after tax effects, sources said on Thursday.
The price increase is in line with deals signed earlier in Shandong and Henan provinces, said the sources, including an executive at one of the power producers and a power industry official, both with knowledge of the negotiations.
The tonnage contracted so far, estimated at more than 100 million tonnes, accounts for up to 20 percent of the total annual coal consumption at these companies, the sources said.
"We've signed some contracts in certain regions, but deals with most of the expected regions are still up in the air," said the power company executive.
The industry official said the top five firms might sign annual deals for 200-300 million tonnes in all.
The top five state-owned power groups -- Huaneng, Datang, Guodian, Huadian and China Power Investment -- have been in talks with coal producers since December last year to try to agree contract prices.
The absence of a deal within China and the slowdown in demand overseas helped drive Chinese imports of coal to a record high in April, the last month for which data is available.
After the Henan and Shandong deals, analysts at Nomura said they expected the price to spread to the rest of China.
"We believe the rest of the coal miners in China may take the prices they have negotiated as benchmarks to finalise coal contracts in other provinces," Nomura analysts Ivan Lee and Evan Li Nomura said in a note to clients on June 5.
They said if the trend continued, it would improve earnings forecasts for the power firms' listed units: Datang Power, China Resources Power, Huaneng Power, Huadian Power and China Power.
Last week Chinese miner Yanzhou Coal said it had struck deals for 7.84 million tonnes with an average benchmark price of 502.62 yuan per tonne, including 4.29 million tonnes for power producers at 463.86 yuan per tonne, a 4 percent increase from 2008.
The provincial deals involve local coal mines, not top Chinese miners such as Shenhua, which has insisted this year's contract price for coal with calorific value of 5,500 kcal/kg (NAR) should rise to 540 yuan a tonne, or 17 percent higher than last year.
The power firms have so far rejected Shenhua's price, citing deep losses last year due to rising coal costs and lower power demand amid the economic downturn.
Source:http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSSHA8440720090611
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Thursday, 20 January 11
DRY BULK MARKETS FALL SEES NO END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Pundits indicating that the dry bulk market’s sentiment remains weak were justified, as the industry’s benchmark, the Baltic Dry Index ( ...
Wednesday, 19 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Tuesday, 18 January 11
MINISTRY SEEKS COAL FROM INDONESIA - SUNDAY OBSERVER
Sunday Observer reported that, Ministry of Power and Energy is to explore the possibilities of importing quality coal from Indonesia.
Minister Pa ...
Tuesday, 18 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Sunday, 16 January 11
STANCHART GLOBAL RESEARCH SEES COAL PRICE RISING ON SUPPLY DISRUPTION - BURSA MALAYSIA MARKET NEWS
Bursa Malaysia Market News reported that, Standard Chartered Global Research has upgraded its 2011 forecasts for global thermal coal prices based on ...
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- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Planning Commission, India
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
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