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Monday, 29 June 09
CHINA ENJOYS STABLE COAL ECONOMY IN THE FIRST FIVE MONTHS OF 2009
 In the first five months of the year, China's raw coal production had continued to rise, and coal market stayed in a balance in terms of supply-demand relations. The coal economy remained stable as a whole with domestic market price keeping stable and imported coal price rising.
Since the beginning of the year, China had witnessed its capability of supplying coal going up, making coal supply a little bit higher than demand. High grade coal had been relatively tight in northeast China, north China and southwest China, while coal resource was sufficient in southeast and east China and it also remained slack in central and southwest China.
China's coal production and sales volume, as well as coal stock all pointed to the upside in the first five months. Statistics from National Bureau of Statistics of China indicate China's raw coal production remained at 1.07 billion tonnes in total from January to May, increasing by 70.4 million tonnes or 7% YoY. Statistics from China's Coal Industry Association show China's coal sales volume in this period remained at 991.61 million tonnes, up by 15.97 million tonne or 1.64% YoY. In the end of May coal stockpiles in the market stayed at 181.73 million tonne increasing by 5.5 million tonne or 3.12% compared with the end of Apr.
The following points stand out as the features of coal industry development in this period.
First, raw coal production volume increased rapidly and it posted large differentiation in different regions. State-owned coal enterprises saw raw coal production volume went up swiftly, while local coal mines witnessed their volume dropping. Township coal mines experienced further decline in raw coal production. In Shanxi and Henan, raw coal production volume dropped dramatically, while that in Inner Mongolia, Shaanxi and Shenhua went up significantly.
Second, transportation had recovered, and railway delivered more coal than before. In May, coal delivering volume by railway stayed at 147.29 million tonne rising by 4.3% YoY. Among the quantity power coal took up 86.53 million tonne decreasing by 3.02 million tonne or 3.4%, but the declining rate went down by 7.9% compared with Apr.
Third, the quantity of coal consumed by the power sector declined, and that by the construction material sector rose. Statistics from China Electricity Council indicate coal consumption by power sector remained at 548 million tonnes, decreasing by 42.6 million tonnes or 7.77% YoY. Locally served power plants consumed 258.67 million tonnes, declining by 27 million tonne or 8.9%.
According to the estimate of China's Coal Industry Association, China's iron and steel industry consumed 186 million tonne of raw coal in the first five months, increasing by 2.75 million tonne or 1.5% YoY and that by the construction material industry stood at 139 million tonnes, increasing by 10.3 million tonne or 8%. The chemical industry consumed 58.64 million tonnes of raw coal, rising by 2.47 million tonne or 4.4% YoY.
Fourth, the spot price of imported coal rose rapidly. Since the beginning of the year when China increased overseas coal purchase, the spot price of international thermal coal and ocean freight both went up. International coal price, since May, had increased for one month, and till Jan 12, Australia's BJ coal index rose by USD 9.66 per tonne from the end of May to USD 76.75 per tonne up by USD 13 per tonne compared with Apr.
Fifth, coal price had remained stable, but it fluctuated slightly in consuming areas. In May, coal ex-mine price in Shanxi edged up by CNY 10 per tonne. In the month the transaction price of thermal coal in Qinhuangdao, Tianjin and Tangshan remained stable. Owing to the surging import volume, coal transaction price at ports in Guangdong and Zhejiang had pointed to the downside.
Source:Steel Guru (http://steelguru.com/news/index/2009/06/28/MTAwMTc1/China_enjoys_stable_coal_economy_in_the_first_five_months_of_2009.html)
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Saturday, 27 June 09
HEAVY CONGESTION AT AUSTRALIAN PORTS REACHING ALL TIME HIGH TO 120 SHIPS IN EAST COAST AUSTRALIA - VISTAAR SHIPPING
COALspot.com (Singapore): The market this week was a bit soft and the BDI was down by almost 10 pct and closed at 3,703 points.
The drop in BDI i ...
Friday, 26 June 09
INDONESIA INVESTORS EYE BHP BILLITON COAL PROJECT
About four Indonesian investors are interested in taking over a coal project owned by BHP Billiton Ltd, a senior government mining official said.
...
Friday, 26 June 09
SOUTH AFRICA'S CONSULTING GROUP OPENS OFFICES IN CHINA, INDONESIA
Consulting engineering company SRK Consulting has opened new offices in Asia to cope with the growing demand for its services in the region.
The ...
Friday, 26 June 09
RUSSIA MECHEL TO DELIVER 2 MLN T COKING COAL TO ASIA
Russian steel and coal producer Mechel said on Thursday it had signed contracts to deliver about 2 million tonnes of coking coal concentrate to unna ...
Friday, 26 June 09
SA COAL EXPORTS UNLIKELY TO BREACH 65MT THIS YEAR
Coal volumes railed to South Africa’s Richards Bay Coal Terminal (RBCT) during the rain-affected first quarter of 2009 had fallen well short o ...
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- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Economic Council, Georgia
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
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