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Thursday, 09 July 09
COAL EXPORTS TO CHINA MAY FALL AS PRICES, SHIPPING RATES RISE
 CHINA'S appetite for Australian coal may fall in July and August from earlier highs, due to a recent recovery in regional prices and higher international shipping rates.
In the latest development, Reuters reported yesterday that a cargo of high-ash, low-volatile content Australian coal already on the water was offered at $US72 a tonne after the Chinese buyer cancelled the contract.
Chinese coal traders contacted today were mostly unaware of any cancellation, but some said that if a cargo already on the water had been cancelled, this would be very unusual.
A trader with a southern China company said imported coal was no longer cheaper than domestic coal due to higher freight rates and the rising price of imports.
His company, the trader said, had as a result now stopped importing coal from Australia.
News of the reported cancellation was the subject of chatter in foreign exchange markets yesterday, and some participants suggested that commodity-related tensions between Australia and China may have been an element involved.
RBC Capital Markets senior strategist Sue Trinh said the reported cancellation "might have been simply due to China already having enough on stockpile, and slower domestic demand pick-up, but the timing was intriguing".
China's imports of Australian coal have risen sharply this year. In the first five months of 2009, these imports were six times higher than during the same period a year earlier, at 10.47 million metric tons, according to the latest data released by China customs.
May import levels were dramatically higher, at 3.65 million tons, 15 times higher than in May 2008.
The buying spree earlier this year was mainly a result of a plunge in Australian coal prices and freight rates, as global economic woes slashed regional demand for coal and curbed trading activity, traders said.
As a result, Asia benchmark coal prices plummeted by two thirds from a July 2008 peak of $194.8/ton.
However, demand from China has helped prices rally by around 20 per cent since early April.
Australian coal at the port of Newcastle, a regional benchmark, was assessed around $US73.13/ton by globalCOAL today, compared with around $US60 in early April.
In addition, bulk freight rates have more than doubled over the past month, with the Baltic capsize index up 220 per cent and the broader Baltic Dry up 130 per cent, Citigroup said yesterday in a research note.
China's benchmark spot coal prices, which were quoted at 590 yuan to 605 yuan on Monday, have remained relatively stable since February, data released by the China Coal Transportation and Distribution Association shows.
Coal stockpiles in China are very high. Stocks at the major coal shipping port of Qinhuangdao stood at 6.6 million tons on Monday, the highest level in almost four months, despite higher demand for thermal coal from power generation during the summer.
Stockpiles at power plants are also high, the association said, and added that power plants along the Yangtze River in eastern China had enough coal for 21 days of consumption and plants in central China had enough for 67 days.
Source: The Australian
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Friday, 24 July 09
BIG ADARO SHAREHOLDERS CREATE HOLDING COMPANY
The nation’s second-largest coal producer, PT Adaro Energy, said on Thursday that five key shareholders had merged their holdings in the compan ...
Friday, 24 July 09
INDIA TAKES 9 MILLION TONNES S. AFRICAN COAL JAN - JUNE
Reuters reported that, India accounted for nearly 9 million tonnes of South Africa's January-June exports of around 28 million tonnes, industry sour ...
Thursday, 23 July 09
KOMIPO LAUNCHES TWO COAL TENDERS
Korea Midland Power on Wednesday launched two tenders to procure bituminous or semi-anthracite coal for August to September delivery. Bids close on J ...
Thursday, 23 July 09
GUANGDONG BUYERS SET TO IMPORT 2.3 MILLION MT FROM VIETNAM - MEDIA
Several coal-consuming companies in China’s Guangdong Province, headed by Guangdong Yudean Group (Guangdong Power Generation Group), have inke ...
Thursday, 23 July 09
KEPCO BUYS 1.5% STAKE IN ADARO ENERGY FOR US$ 56.5M
WSJ reported that, state-run utility Korea Electric Power Corp., or Kepco, Thursday said it has acquired a 1.5% stake in Indonesian coal miner, PT A ...
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- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
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- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
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- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
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- London Commodity Brokers - England
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Thai Mozambique Logistica
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- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
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