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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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Thursday, 23 July 09
COAL IMPORTS SURGE; EXPORTS DOWN IN H1
China Trade Information reported that, China’s coal imports surged by 126.3 percent year-on-year in the first half of 2009, reaching 48.3 mill ...
Thursday, 23 July 09
SRI LANKA CALLS FOR COAL SUPPLY BIDS
Daily Mirro reported that, In a move to install the country’s first coal power plant, Sri Lanka has invited bids to supply 2.4 million metric ...
Thursday, 23 July 09
POWER INVESTORS TURN BACKS ON VIETNAMESE COAL IMPORTERS
VietNamNet Bridge reported that, Investors of power plants always seek foreign coal sources to import themselves, believing they can come by it chea ...
Wednesday, 22 July 09
BERAU COAL DRAWS LOCAL, CHINESE BIDS - SOURCES
* Indonesian coal firm draws local, Chinese bids-sources
* Deal could value Berau at more than $1 billion-sources
Reuters reported that, China' ...
Wednesday, 22 July 09
ONE TENDERS FOR 114,000 MT FOR NOV-JAN
Moroccan state-owned power utility Office National de l’Electricité (ONE) has launched a tender for three handymax shipments of coal fo ...
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- Agrawal Coal Company - India
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- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Planning Commission, India
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
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- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- PTC India Limited - India
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- Global Coal Blending Company Limited - Australia
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- TeaM Sual Corporation - Philippines
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- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
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- Independent Power Producers Association of India
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- Indo Tambangraya Megah - Indonesia
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- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
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- Romanian Commodities Exchange
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- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Heidelberg Cement - Germany
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- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
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- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
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- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Sree Jayajothi Cements Limited - India
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- Kepco SPC Power Corporation, Philippines
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- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
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- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
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- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
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- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
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- Singapore Mercantile Exchange
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