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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 the short term on rising demand, analysts said on Thursday.
Coal with calorific value of 5,800 kcal/kg (NAR) was quoted in the range of 600 to 610 yuan ($87.8 - $89.2) a tonne. Prices of coal with calorific value of 5,500 kcal/kg were trading at 555 to 570 yuan a tonne, according to the Qinhuangdao Seaborne Coal Market. (www.cqcoal.com)
"In the next month or two, thermal coal prices are likely to rise, because it's hard for supply to catch up with fast-growing demand," said Henry Liu, an analyst with Macquarie.
"In addition, there are still uncertainties around small mines -- some of them are back in production, but how much capacity has returned is unknown."
China's coal output in July surged 14.8 percent on the year to 257.8 million tonnes, the National Bureau of Statistics said.
Coal stockpiles in Qinhuangdao fell 4 percent from a week earlier to 4.9 million tonnes by Wednesday, analysts said.
Source: Alibaba
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Tuesday, 08 September 09
INDIA MAY HAVE A JOINT WORKING GROUP FOR COAL WITH INDONESIA: SRIPRAKASH JAISWAL - PRESS RELEASE
Press Information Bureau of India reported in its web site that, The Coal Ministry has, in principle, agreed to set up a Joint Working Group for coa ...
Tuesday, 08 September 09
INDONESIA OFFERS AN OPPORTUNITY TO INDIANS
Meri News reported that, Indonesia is all set to launch the country's second 10,000 MW accelerated power expansion programme. The new power develop ...
Tuesday, 08 September 09
BUKIT ASAM AIMS 14 MLN TONS COAL PRODUCTION
VIVA News reported that, The rise in coal production is mainly triggered by the step-up in domestic demand.
Coal mining company PT Tambang Batuba ...
Tuesday, 08 September 09
MERCHANT BANKERS ADVISE CIL ON INDONESIAN MINE BUYS
Business Standard reported that, State-owned Coal India Ltd (CIL) is being advised by four to five merchant bankers on acquisition of coal assets in ...
Tuesday, 08 September 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 - PRESS RELEASE
The 3rd Asia Pacific Coal Trading & Investment Outlook 2009
Analysis of Asia Coal Market amid Global Financial Crisis
COALspot.com(Chin ...
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- White Energy Company Limited
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- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
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- Therma Luzon, Inc, Philippines
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- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
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- South Luzon Thermal Energy Corporation
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- Romanian Commodities Exchange
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- Global Green Power PLC Corporation, Philippines
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- IEA Clean Coal Centre - UK
- PTC India Limited - India
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- Singapore Mercantile Exchange
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- Goldman Sachs - Singapore
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