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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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Wednesday, 05 August 09
PEOPLE'S MINING SHOULD BE REGULATED UNDER RPP MINERBA
The Indonesian Institute of Science (LIPI) has called on the government to include a specific provision for people’s mining in the draft govern ...
Tuesday, 04 August 09
SRI LANKA IS LOOKING FOR 650,000 TON OF COAL NEXT YEAR FOR ITS FIRST 900 MW POWER PLANT.
COALspot.com ( Sri Lanka) : Lanka Coal Company Limited was issued a tender on 23 July 2009 to purchase 650,000 +/- 20% MT Bituminous Coal per a ...
Monday, 03 August 09
ONE YEAR CHARTER RATES FOR SUPRAMAX WAS AT AROUND USD 18,500 - VISTAAR SINGAPORE
COALspot.com (Singapore) : The freight market was flat this week with hardly any change in the BDI.The cape was up by about 4 pct and closed at 5,38 ...
Saturday, 01 August 09
APGENCO SAYS BOUGHT 500,000T MALAYSIAN COAL
The Malaysian Insider reported that, Indian state utility Andhra Pradesh Power Generation Corporation Ltd (Apgenco) has bought 500,000 tonnes of Mal ...
Thursday, 30 July 09
KOMIPO OFFERED 3 MILLION MT IN TENDER, TEN TIMES OVERSUBSCRIBED
Korea Midland has received offers for 3 million mt of bituminous steam coal in its latest tender despite the power utility seeking only 300,000 mt, ...
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- Globalindo Alam Lestari - Indonesia
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- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
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- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
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- Grasim Industreis Ltd - India
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- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
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- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
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- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
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- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
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- The Treasury - Australian Government
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- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
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- Larsen & Toubro Limited - India
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- Parliament of New Zealand
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- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
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- LBH Netherlands Bv - Netherlands
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- The State Trading Corporation of India Ltd
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- Directorate Of Revenue Intelligence - India
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- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
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- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
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- Electricity Authority, New Zealand
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- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
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- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
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- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
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- Bhoruka Overseas - Indonesia
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- Australian Commodity Traders Exchange
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- Minerals Council of Australia
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- Semirara Mining Corp, Philippines
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- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
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- London Commodity Brokers - England
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- Leighton Contractors Pty Ltd - Australia
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- Aboitiz Power Corporation - Philippines
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- PTC India Limited - India
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
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- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- The University of Queensland
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
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- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
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- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
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- PetroVietnam Power Coal Import and Supply Company
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- Toyota Tsusho Corporation, Japan
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