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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, 08 July 10
KPCL RECEIVES 8 QUALIFIED BIDS TO SUPPLY 500,000 MT OF COAL
COALspot.com: Indian state utility KARNATAKA POWER CORPORATION LIMITED has opened price bid yesterday.
According to a participant, the quo ...
Thursday, 08 July 10
DRY BULK MARKET STILL PLUNGING, NOW STANDING AT 14 MONTH LOWS
The dry bulk shipping market’s demise isn’t over yet, as the industry’s main benchmark, the Baltic Dry Index (BDI) has been on a f ...
Wednesday, 07 July 10
MACQUARIE SEES CHINA COMMODITIES PRICE FALLS AND CUTBACKS AHEAD - MINEWEB
MineWeb reported that, The research arm of Australia's Macquarie Bank - one of the most reliable of China watchers - in its latest briefing on Chin ...
Wednesday, 07 July 10
COAL PRICES ON THE RISE
Caixin online reported that, China's domestic coal prices have seen a 26.2 percent year-on-year rise in May. Meanwhile, the volume of coal im ...
Tuesday, 06 July 10
INCREASE IN DRY BULK SPOT FIXTURES UNABLE TO BOOST RATES, LOSING STREAK CONTINUES
Yet another week began on a negative note for the dry bulk shipping market, with the Baltic Dry Index posting its 28th straight losing daily session ...
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- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
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- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
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- Bhushan Steel Limited - India
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- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
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- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
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- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- The University of Queensland
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- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
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- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
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- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
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- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Star Paper Mills Limited - India
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