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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, 13 May 10
CHINA CONCERNS TO TEST RAW MINERALS - THE AUSTRALIAN
The Australian reported that, COMMODITY prices will remain volatile and drop from recent highs as China's appetite for raw materials softens. James ...
Thursday, 13 May 10
ACTIVITY ON WEST COAST INDIA IS SLOWING - FEARNLEYS AS
DRY BULK CHARTERING
Handy
Atlantic markets remain firm but more for end May/beg June dates as there seems to be more enquiries for those dates. ...
Thursday, 13 May 10
DRY BULK SHIP OWNERS CHEERFUL AMID MARKET RALLY
China’s appetite for raw materials like iron ore and coal, as well as a series of added factors are boosting demand for dry bulk carriers, hel ...
Wednesday, 12 May 10
BANPU'S Q1 PROFIT SLIDES 43% TO B2.71BN - BANGKOK POST
The Bangkokpost reported that, Banpu Plc posted a first-quarter net profit of 2.71 billion baht, down by 43% from the same period last year.
The ...
Tuesday, 11 May 10
DALRYMPLE BAY COAL EXPORTS HIGHEST SINCE JULY; NEWCASTLE FALLS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Dalrymple Bay terminal in Queensland state rose to the highest in nine months in Apri ...
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- Sree Jayajothi Cements Limited - India
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- Parliament of New Zealand
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- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
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- Electricity Authority, New Zealand
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- Ceylon Electricity Board - Sri Lanka
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- Banpu Public Company Limited - Thailand
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- Eastern Coal Council - USA
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- VISA Power Limited - India
- Planning Commission, India
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- White Energy Company Limited
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- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
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- Indian Energy Exchange, India
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- Standard Chartered Bank - UAE
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- Bhoruka Overseas - Indonesia
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- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
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- Energy Development Corp, Philippines
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- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
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- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
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- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
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- Merrill Lynch Commodities Europe
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- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
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- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
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- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
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- The State Trading Corporation of India Ltd
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- Siam City Cement - Thailand
- McConnell Dowell - Australia
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- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
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- Pipit Mutiara Jaya. PT, Indonesia
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- PowerSource Philippines DevCo
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Australian Coal Association
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- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
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- Directorate General of MIneral and Coal - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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