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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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Tuesday, 23 June 09
NAPOCOR TO RE-TENDER FOR 195,000 T COAL IN JULY
Electricity producer National Power Corp. (Napocor) will hold a tender on July 15 to buy 195,000 tons of steam coal for its Sual power station, the ...
Monday, 22 June 09
ONE DIES IN KUTAI COAL TUNNEL COLLAPSE
The Jakarta Post reported that, A tunnel at a coal mine belonging to company PT Fajar Bumi Sakti in Kutai Kartanegara, East Kalimantan collapsed on ...
Monday, 22 June 09
THIS WEEK IS EXPECTED TO BE FIRM AND DEMAND OF SHIPS WOULD BE STRONG - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI up by 487 points over last week which is an increase of almost 13 pct. The increase is again mainly due to Ca ...
Monday, 22 June 09
CHINESE MAY COAL IMPORTS HIT RECORD 9.43 MILLION TONNES
Reuters quoted Custom Data showed that China's coal imports hit an all-time record of 9.43 million tonnes in May.
The figure surpasses the previ ...
Monday, 22 June 09
SOUTH AFRICAN EXPORT COAL DECLINES ON WEAKENING EUROPEAN DEMAND
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, posted the first dro ...
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Showing 6656 to 6660 news of total 6871 |
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- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- White Energy Company Limited
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Planning Commission, India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Marubeni Corporation - India
- PTC India Limited - India
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- The University of Queensland
- Energy Development Corp, Philippines
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