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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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- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
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