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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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Monday, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...
Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts a ...
Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG, the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal P ...
Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulatio ...
Thursday, 09 July 09
GARDA LISTS SHARES IN LOCAL BOURSE
Local coal company PT Garda Tujuh Buana officially listed its shares in the Indonesia Stock Exchange (IDX).
The listing followed the company's p ...
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- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- The University of Queensland
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
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