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Thursday, 02 July 09
PETCOKE BOOMS AS CEMENT MAKERS TRY TO REPLACE COAL
 * Cement makers led by Asia chase petcoke to replace coal
* Petcoke prices up $10/T Feb-Jun, set to rise further
* Domestic U.S. petcoke demand may cut exports from Q3
Cement makers worldwide are buying petroleum coke or petcoke wherever possible to replace more expensive steam coal as a fuel and raw material, cement industry sources and traders say.
As a result petcoke prices have risen $10.00 a tonne to $35.00 during the past month and are likely to reach parity with coal prices later in the year.
"What we're seeing worldwide is an overall reduction in demand for cement with some spots improving, but demand for petcoke is still pretty good because of reduced production and because petcoke prices are still attractive compared to coal," said Bill Day, spokesman for refiner Valero, the largest petcoke producer in the United States.
Total global demand for cement has fallen due to the economic slowdown but there are pockets of continued strong demand such as China and India.
Even where cement demand has fallen in Europe, cement makers are trying to replace coal with cheaper petcoke.
"Definitely for the past six months and noticeably for the past three months there has been a push in Europe for cement plants to take more petcoke, if they can get it," said a senior cement source who asked not to be named.
"They are taking petcoke mostly on long-term contracts but the spot price is attractive at $30.00-$35.00 a tonne FOB. Because of petcoke's higher energy content it works out cheaper than coal even at the same price per tonne, but there is little spot to buy," he said.
At FOB prices of around $35.00 FOB U.S. Gulf with freight of $45.00-$55.00 the delivered cost of petcoke is higher than coal on the face of it but the real cost due to petcoke's energy content is lower, traders said.
Up to 2004 cement makers and many European power plants were taking as much petcoke as they could instead of coal on grounds of price, despite petcoke's high sulphur content.
PARITY
Sharply increased petcoke prices due to strong domestic demand in 2007 made spot petcoke uncompetitive against coal. This scenario is likely to be repeated later this year because U.S. government fiscal stimulus packages including road-building programmes will boost demand for petcoke to make both asphalt and concrete, cement sources and traders said.
But petcoke prices have been rising since February and are set to reach parity with steam coal prices by Q3 because domestic U.S. demand is increasing at the same time as supply of the heavy, high-sulphur crude oil used to make petcoke is shrinking, they said.
Petcoke typically has higher energy content than steam coal, often 7,500 kilocalories per kilogramme (kcal/kg) compared with around 5,700-6,000 kcal/kg for steam coal. This makes it cheaper to ship and to burn than coal.
Petcoke's sulphur content is usually much higher at 1.5 - 3.00 percent or more, compared to 1.00 percent or less for coal.
"European cement makers would like to be able to build some inventories of petcoke now because they fear prices will rise sharply but they are simply not allowed to tie up cash in stocks," the cement source said.
Cement demand in Southern Europe particularly Spain, Portugal, Greece and Italy has plunged due to depression in construction. Cement makers are still producing at lower rates and while their total energy demand has dropped, they have taken the same or more petcoke and cut back other fuels such as coal, cement sources said.
"There is huge demand for petcoke in India, while it continues to be competitive with coal. But there is less available now than three months ago," an Indian trader said.
Source: Reuter (http://in.reuters.com/article/domesticNews/idINL109243920090701?sp=true)
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Friday, 17 July 09
CHINA COAL-SPOT PRICES EDGE LOWER, SUPPLY APLENTY
China Mining reported that, spot prices in China's top coal shipping port Qinhuangdao edged lower from a week earlier, as supply grew, offsetting t ...
Friday, 17 July 09
THE NEW LAW OF MINERAL AND COAL MINING NO 4/2009 CREATE CONDUCIVE CLIMATE OF INVESTMENT IN INDONESIA
COALspot.com (Indonesia): The new Law of Mineral and Coal Mining No 4/2009, which replaces the old mining law No. 11/1967 has been signed by the Pre ...
Friday, 17 July 09
INDIA COAL TRADERS MUST OWN POWER, MINES - C&O BOSS
· Coal traders need to diversify to grow
· Coastal Energen to build first merchant power plant
· Tamil Nadu to see st ...
Friday, 17 July 09
CHINA SHENHUA ENERGY'S COAL OUTPUT SWELLS 17.6% IN H1
China Knowledge reported that, China Shenhua Energy Co Ltd, which is engaged in the coal mining, power generation and transportation businesses, on ...
Thursday, 16 July 09
CHINA ISSUES SECOND BATCH OF '09 EXPORT QUOTAS
China has issued 25 million tonnes of coal export quotas for the second batch this year, the National Development and Reform Commission said Wednesd ...
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- Leighton Contractors Pty Ltd - Australia
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- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
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- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
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- White Energy Company Limited
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
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- MS Steel International - UAE
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- Merrill Lynch Commodities Europe
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- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
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- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
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- The University of Queensland
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
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- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
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- SMG Consultants - Indonesia
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- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
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- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
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- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
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- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
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- Bayan Resources Tbk. - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
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- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Economic Council, Georgia
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- Chamber of Mines of South Africa
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- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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