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Thursday, 06 August 09
CHINA JULY COAL IMPORTS AT 9.5 MLN T, DEMAND FIRM
 * Coal imports at key ports in July 2.8 times year-ago levels
* July coal imports down nearly 40 percent from June
* China still buying overseas coal, mostly low-grade material
Alibaba reported that, China's coal imports in July fell nearly 40 percent from June's all-time high to around 9.5 million tonnes but were still the second-highest on record.
With Chinese buyers still actively buying low-grade thermal coal from Indonesia and coking coal from Australia, analysts and trade sources say Chinese imports could well stay high at least until September.
But buoyant imports from the world's largest coal producer and consumer may offer little lift to regional prices this time around, as rising production in China is expected put downward pressure on domestic prices, which would in turn cap overseas miners' offer prices.
China's coal imports that arrived at key ports in July were 2.8 times year-earlier levels, the Ministry of Transport said on its website (www.moc.gov.cn).
Since most of China's coal imports are seaborne, July's coal imports would be around 9.5 million tonnes, based on Reuters calculations.
"We've started to see renewed interest from the Chinese in recent weeks, especially for the low-rank coal, and many of them are keen to extend the supply contracts that have expired," said a source from a major Indonesian producer that has about 6-8 million tonnes of thermal coal into China in the first half of 2009.
"They are also scouting for bituminous coal, but the gap between their asking price and seller's offer price is too wide for any deals to get done."
In Australia, several large producers say enquiries for thermal coal have slowed to a trickle since mid-June, after a surge in freight and coal prices eroded the discount Australian supplies offered compared with domestic coal. Demand for coking coal, however, has remained strong.
"Previously the Chinese were re-stocking but now, they are buying because the steelmills have stepped up on production," said an Australian producer source.
For thermal coal, trade sources say China's ceiling price for imported coal is about $55 a tonne on a landed basis, based on coal with heating value of 4,800 kcal/kg (NAR), and buyers are willing to pay only about $75 on a C&F basis for bituminous coal, for coal with heating value of 6,322 kcal/kg (GAR).
Overall coal arrivals at the ports jumped 12.6 percent to 48 million tonnes. Domestic coal arrivals still fell from year-ago levels, albeit at a lower pace, the ministry said, without giving details.
ABSORBING INDONESIA'S EXCESS
Part of the reason why China is again able to book fresh tonnage from Indonesia at low prices stems from a recent build in coal stocks, which is prompting miners to sell coal at low margins.
An easing in freight rates over the past couple of weeks has also made imported coal from Indonesia more competitive. Freight rates from Indonesia's Kalimantan to ports in southern China are hovering between $10 and $11 a tonne.
A slowdown in demand from Japanese buyers for high quality coal, combined with strength in Chinese buying over the April-May period had prompted several key producers to adjust their production mix to focus on sub-bituminous material.
But a slowdown in Chinese orders in June after a jump in freight rates, combined with better-than-expected production levels due to a long dry season, means producers are facing rising stockpiles and a limited sales market.
"There is a lot excess capacity and producers are now willing to sell at very low margins just to keep the cash flow going," said an Indonesian producer.
Source: Alibaba
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Friday, 14 August 09
GUACOLDA STARTS THIRD COAL-FIRED UNIT
Macorship reported that, Chile’s Empresa Electrica Guacolda said that the third unit at its Guacolda coal-fired power plant began supplying po ...
Thursday, 13 August 09
RIO PREPARES COAL IPO AFTER FAILING TO FIND BUYER
Bloomberg reported that, Rio Tinto Group, the world’s third- largest mining company, is preparing an initial public offering for its U.S. ...
Thursday, 13 August 09
NOBLE'S PROFIT DOUBLES ON GLOUCESTER COAL ACQUISITION
Bloomberg reported that, Noble Group Ltd., a Hong Kong-based supplier of raw materials from soybeans to coal, said second- quarter profit more than ...
Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in t ...
Thursday, 13 August 09
INDONESIA'S BERAU COAL SEES 2010 OUTPUT UP 16 PCT
Reuters reported that, Indonesia's fifth-largest coal miner, PT Berau Coal, expects 2010 production to be nearly 16 percent higher than this year, ...
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- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
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