We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 06 August 09
CASES FILED AGAINST ESSAR ALGOMA OVER TERMINATED COAL SHIPMENTS
Steel Guru reported that, It is reported that units of International Coal Group Inc and Arch Coal Inc have filed federal lawsuits in the same court ...
Thursday, 06 August 09
COMPULSORY MINE RECLAMATION PROPOSED FOR A MINING'S LIFETIME
Tambang reported that, A data from the Forestry Ministry showed that almost 65 percent of mining activities operated under contract of work, c ...
Thursday, 06 August 09
MINING PERMITS FOR THOSE COMMITTED TO SMELTER DEVELOPMENT ONLY
Tambang reported tht, Concrete and tangible endeavors are key to guarantee the attainment of added value from mining sector. The Indonesian Ministry ...
Thursday, 06 August 09
PRESS RELEASE - CZECH COAL CONTESTS THE J&T AND IPO MERGER
Prague, 3 August 2009 - The Czech Coal Group filed today objections to the proposed merger of the J&T Group and International Power Opatovice (I ...
Wednesday, 05 August 09
SMALLER DRY BULK CARRIERS TO FARE BETTER UNTIL THE END OF 2009 - SHIPPING
Marcor Shipping reported that, Smaller ship types are expected to outtake larger ones in dry bulk trade for the period until the end of the year. Th ...
|
|
|
Showing 6536 to 6540 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- White Energy Company Limited
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
|
| |
| |
|
