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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 $11 a tonne.
A slowdown in demand from Japanese buyers for high quality coal, combined with strength in Chinese buying over the April-May period had prompted several key producers to adjust their production mix to focus on sub-bituminous material.
But a slowdown in Chinese orders in June after a jump in freight rates, combined with better-than-expected production levels due to a long dry season, means producers are facing rising stockpiles and a limited sales market.
"There is a lot excess capacity and producers are now willing to sell at very low margins just to keep the cash flow going," said an Indonesian producer.
Source: Alibaba
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Sunday, 09 August 09
TNEB ENNORE PORT CALLS TO TRIPLE COAL OUTPUT
World Shipping News reported that, the Tamil Nadu Electricity Board (TNEB) has asked Ennore Port Ltd (EPL) to increase the port’s installed ca ...
Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
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- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
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- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
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- Agrawal Coal Company - India
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- Wilmar Investment Holdings
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- Tamil Nadu electricity Board
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- Orica Australia Pty. Ltd.
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- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
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- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
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- McConnell Dowell - Australia
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- Electricity Authority, New Zealand
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- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
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- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Mjunction Services Limited - India
- Chamber of Mines of South Africa
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- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
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- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
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- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
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- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
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- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
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- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
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- Africa Commodities Group - South Africa
- White Energy Company Limited
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- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
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- ICICI Bank Limited - India
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- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
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- Independent Power Producers Association of India
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
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- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
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- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
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- Planning Commission, India
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- Trasteel International SA, Italy
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