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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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Tuesday, 28 July 09
SHENZHEN ENERGY INKS COAL PURCHASE CONTRACT WITH CHINA SHENHUA
China Knowledge reported that, Shenzhen Energy Group Co Ltd has signed a five-year contract with China Shenhua Energy Co Ltd, which is engaged in th ...
Tuesday, 28 July 09
BUKIT ASAM ENJOYS STRONG FIRST HALF
The Jakarta Post reported that, state coal miner PT Tambang Batubara Bukit Asam (PTBA) enjoyed a strong first half performance with six-month net pr ...
Tuesday, 28 July 09
NEWCASTLE LOADED 1.943 MILLION TONS OF COAL IN THE WEEK ENDED 27TH JULY 2009
COALspot.com (Singapore) : The volume exported from Australia’s Newcastle port in the week ended - 07:00 hours 27 July 2009 ...
Monday, 27 July 09
INDIA PAYING HIGHEST PRICE FOR S.AFRICA COAL - PRODUCERS
* Spread between South African and Pacific origin coal very wide
* Lack of European buying makes India indicator of value
Reuters reported that, ...
Monday, 27 July 09
TAIWAN'S FORMOSA EYES S.AFRICAN COAL FOR Q4: TRADE
Reuters reported that, Taiwan's Formosa Plastics Group is looking to buy two South African thermal coal cargoes for delivery in the fourth-quarter, ...
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- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
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- Price Waterhouse Coopers - Russia
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- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
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- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
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- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
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- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
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- Bangladesh Power Developement Board
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- San Jose City I Power Corp, Philippines
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- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
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- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
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- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
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- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
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- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
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- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
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- Agrawal Coal Company - India
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- Samtan Co., Ltd - South Korea
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- CNBM International Corporation - China
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- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- The University of Queensland
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- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
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- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
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- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
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- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Mercator Lines Limited - India
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- Singapore Mercantile Exchange
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- Ministry of Mines - Canada
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- Chamber of Mines of South Africa
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- Independent Power Producers Association of India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
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- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
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