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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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Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points ...
Saturday, 28 August 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS FIRM FOR CAPE AND PANAMAX VESSELS - VISTAAR
COALspot.com: The freight market appeared to be heading for correction with the indices coming off during later part of the week. The BDI closed 44 ...
Saturday, 28 August 10
KRISHNAPATNAM PORT SETS AN ALL INDIA COAL DISCHARGE RECORD
COALspot.com: Krishnapatnam Port has established all new record for coal discharged in India using the conventional system of coal unloading for por ...
Friday, 27 August 10
PAKISTAN WILL IMPORT 8 TO 10 PERCENT MORE COAL IN 2011
COALspot.com: Pakistan to import 4 million ton of coal in 2011 up by 8-10 percent compare to this year’s imports. "Pakistan's tota ...
Thursday, 26 August 10
CHARTERERS SWITCHING FROM PANAMAX TO CAPE STEMS DUE TO CAPE FALL
Handy
The activity picked up in the Atlantic with more enquiries seen for short period tonnage for end August/beg September - As the grain season ...
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- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- The University of Queensland
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Planning Commission, India
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- CNBM International Corporation - China
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
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