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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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Tuesday, 14 July 09
MMTC SAYS MAY RE-TENDER FOR 12.5 MLN T COAL
* KIS has demanded investigation into procurement
* MMTC says import delays could add to power shortages
Alibaba reported that, India's s ...
Tuesday, 14 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 11%; SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 11 ...
Monday, 13 July 09
EXPORT COAL PRODUCTION FROM MOOIPLAATS COULD START IN NOVEMBER
Mining Weekly reported that, South Africa-focused emerging miner Coal of Africa (CoAL) has completed a revised mining layout for its Mooiplaats ...
Monday, 13 July 09
NAPOCOR AWARDS 195,000 T COAL TO INDONESIAN FIRMS
ABC-CBN News reported that, Philippine electricity producer National Power Corp (Napocor) has awarded 195,000 tons in coal supply contracts to two I ...
Monday, 13 July 09
PAKISTAN TO IMPORT ABOUT 2.4 MILLION TONS OF INDONESIAN COAL AND 1.6 MILLION TON OF SOUTH AFRICAN COAL WITHIN NEXT 12 MONTHS
COALspot.com (Pakistan) : Pakistan has exported well over 12 million tons of cement while local sales have dropped a bit with the result 33 million to ...
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- GVK Power & Infra Limited - India
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- CNBM International Corporation - China
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- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
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- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
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- White Energy Company Limited
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- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
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- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
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- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
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- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
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- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
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- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
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- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
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- ICICI Bank Limited - India
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- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
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- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
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- Kartika Selabumi Mining - Indonesia
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- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
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- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
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- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
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- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Planning Commission, India
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Ministry of Mines - Canada
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- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
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- Australian Coal Association
- Merrill Lynch Commodities Europe
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