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Friday, 07 August 09
COAL-PRICE FORECAST RAISED AT MERRILL ON CHINA, INDIA DEMAND
Bloomberg reported that, Bank of America Corp.’s Merrill Lynch & Co. unit increased its price forecast for Asian power-station coal because of higher demand from India and China, the second-largest energy-consuming nation.
Merrill raised its projection for the benchmark coal burned by Japanese utilities in the year ending March 31, 2011, to $85 a metric ton from $80, analysts wrote in a note to clients dated yesterday. Goldman Sachs JBWere Pty. last month increased its forecast to $80 from $75 for the same period.
“Surprise strong buying by utilities in India and China” is driving thermal coal demand, Merrill analysts led by Sydney- based Stuart Howe said in the note. Prices at Australia’s Newcastle port, an Asian benchmark, have climbed 27 percent since the end of March and were at $76.58 a ton in the week ended July 31, according to the globalCOAL NEWC Index.
Power-station coal prices at Newcastle are rising on expectations that China will import more of the fuel, emerging demand growth in India, and improved economic conditions as credit markets recover, Merrill said.
Australian and Indonesian coal output have the biggest influence over the trade supply outlook, Merrill said. Rising production costs, declining exploration and development success, and rain in Indonesia suggest “supply growth is now limited,” Merrill said.
Source: Bloomberg
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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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- Petrochimia International Co. Ltd.- Taiwan
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- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
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- Ministry of Transport, Egypt
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- Petron Corporation, Philippines
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- Sree Jayajothi Cements Limited - India
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- Global Green Power PLC Corporation, Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Chamber of Mines of South Africa
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- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- White Energy Company Limited
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
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- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
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- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Bangladesh Power Developement Board
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- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
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- Indian Energy Exchange, India
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- Posco Energy - South Korea
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
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- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- The Treasury - Australian Government
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- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
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- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
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- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Georgia Ports Authority, United States
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
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- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
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- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
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- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
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- Energy Development Corp, Philippines
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- Indian Oil Corporation Limited
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- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
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- Ministry of Finance - Indonesia
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- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
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- Coal and Oil Company - UAE
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- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
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- TNB Fuel Sdn Bhd - Malaysia
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