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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 sources said on Thursday.
An average of 30 percent of South Africa's coal exports have been absorbed by India so far this year. This marks a significant shift from two years ago before Indian demand began booming when almost all South African coal went to Europe.
If the current strong pace of demand continues, India could import 18 million tonnes from South Africa in 2009, up from around 10 million in 2008, industry sources said.
"There is potential that (South Africa) will export a lot more into India this year than last year ... there are good signs from India and there is more appetite," said Anglo Coal South Africa Chief Executive Officer Ben Magara last week.
India is a totally price-driven market, Indian traders and South African coal suppliers said on Thursday. End-users buy whatever coal is cheapest on a delivered basis.
"Indonesian coal is too expensive now. The sellers want the same price as Newcastle coal - over $70.00 for good quality material. South African is definitely preferred at present," one major Indian coal importer said.
In comparison, prompt South African coal cargoes are trading at around $62.00 a tonne FOB Richards Bay.
India's burgeoning power generation need is mostly coal-fuelled and reliant upon low-quality Indonesian imports.
Indian cement makers and sponge iron producers prefer South African coal for its quality but will turn to the cheapest origin at any given time for spot buying.
At the beginning of the year India's demand for South African coal was forecast to rise to 12 million tonnes from 10 million last year to supply cement and sponge iron producers.
But if Indonesian coal continues to trade at a much higher price than South African the demand will be substantially higher for South African than previously thought.
THE GROWTH MARKET
"If you look at the vessels which have been arriving at Richards Bay in recent months, a large proportion of them are the 50,000 tonne handymaxes used by the Indian market," one industry source said.
"Indian imports could be double this year. India is the growth market," he added.
South African coal exports to Northwest Europe have been falling in recent months, coal terminal sources in Amsterdam and Rotterdam said on Wednesday.
Shipments to Amsterdam-Rotterdam-Antwerp were less than 6 million tonnes in Jan-June this year, industry sources said.
Coal stocks in ARA are close to capacity due to falling industrial power demand and extremely heavy utility stock-building in Q2.
Without the unprecedented Indian demand, South African coal producers would have struggled to place unsold spot tonnages in the European market.
Indian demand has kept South African FOB Richards Bay prices at close to parity with the price of coal cargoes delivered into Europe during the past few months.
Source: Reuters
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Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
Friday, 07 August 09
COAL-PRICE FORECAST RAISED AT MERRILL ON CHINA, INDIA DEMAND
Bloomberg reported that, Bank of America Corp.’s Merrill Lynch & Co. unit increased its price forecast for Asian power-station coal becaus ...
Friday, 07 August 09
CHINESE DEMAND FOR FOREIGN COAL SOARS
Mining Weekly reported that, Chinese coal imports rocketed by 126,3%, year-on-year, in the first half of this year, the country’s customs auth ...
Thursday, 06 August 09
RICHARDS BAY COAL SHIPMENTS FELL 3% ON YEAR IN JULY
Bloomberg reported that, Richards Bay Coal Terminal, Africa’s largest coal-export facility, exported 3 percent less of the fuel in July than i ...
Thursday, 06 August 09
NTPC LOOKS TO BYPASS STATE TRADING FIRMS ON COAL IMPORT
A reduced coal import bill for NTPC could lead to lower power tariffs
Live mint.com reported that, India’s largest power generation utility ...
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- Borneo Indobara - Indonesia
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- Sree Jayajothi Cements Limited - India
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- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
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- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
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- Africa Commodities Group - South Africa
- MS Steel International - UAE
- SMC Global Power, Philippines
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- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
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- Electricity Generating Authority of Thailand
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- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
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- Deloitte Consulting - India
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- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
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- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
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- India Bulls Power Limited - India
- GMR Energy Limited - India
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- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
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- Alfred C Toepfer International GmbH - Germany
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- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
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- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Aditya Birla Group - India
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- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
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- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
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- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
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- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
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- Petrochimia International Co. Ltd.- Taiwan
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- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
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- Rashtriya Ispat Nigam Limited - India
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- Planning Commission, India
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- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
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- Makarim & Taira - Indonesia
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- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
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- Singapore Mercantile Exchange
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