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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, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
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- Petrochimia International Co. Ltd.- Taiwan
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- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
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- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Global Business Power Corporation, Philippines
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- SN Aboitiz Power Inc, Philippines
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- GAC Shipping (India) Pvt Ltd
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- Ministry of Mines - Canada
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- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
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- Binh Thuan Hamico - Vietnam
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- Petron Corporation, Philippines
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- Bulk Trading Sa - Switzerland
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- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
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- Sindya Power Generating Company Private Ltd
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- Samtan Co., Ltd - South Korea
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- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
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- IHS Mccloskey Coal Group - USA
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- Agrawal Coal Company - India
- Georgia Ports Authority, United States
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- Directorate Of Revenue Intelligence - India
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- Directorate General of MIneral and Coal - Indonesia
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- PowerSource Philippines DevCo
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- Minerals Council of Australia
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- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
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- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
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- Planning Commission, India
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- Toyota Tsusho Corporation, Japan
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- Ministry of Transport, Egypt
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- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Australian Coal Association
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- Goldman Sachs - Singapore
- India Bulls Power Limited - India
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- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
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- Billiton Holdings Pty Ltd - Australia
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