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Wednesday, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
 After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the fourth quarter amid a drop in coal prices, industry sources said.
Some analysts said China's demand for imported coal could increase further in coming months, as a recent wave of coal mine closures triggered by a mine explosion could raise domestic coal prices, making imports more attractive.
Australian producers said Chinese buyers were mostly seeking off-specification coal, with high heating value and ash content, for delivery through the rest of the year, while some buyers were also keen to book in shipments for delivery in early 2010.
However, at least three Australian producers said they had little of this high ash coal available to sell, after having sold large amounts of this type of coal to China over the second quarter.
"The economics look like the Chinese are now in favour of Australian coal, and there is also a notable pickup in enquiries from them on the back of freight easing and lower coal prices," a marketing executive at a large local coal mining firm said.
"But there's not much of those coal grades available now. And given the export constraints, producers would rather keep some spare tonnage as we head into winter months in the northern hemisphere, when prices are expected to go higher."
Australia's thermal coal prices on the globalCOAL Newcastle weekly index have fallen about 13 per cent since August to hover near a three and a half month low around $U66 a tonne, based on free-on-board (FOB) prices at the Newcastle port.
The globalCOAL benchmark price is based on coal with a heating value of 6,322 kcal/kg (GAR) and a maximum ash content of 15 per cent.
But high ash coal that the Chinese typically buy is much cheaper.
Some producers offer coal with 20 per cent ash content as low as about $US61, which takes its landed price into China to between $US90 and $US93 a tonne - compared with a domestic landed cost of around $US97 a tonne for coal with a heating value of 5,800 kcal/kg (NAR).
Analysts said Asian coal prices were poised for a rebound on the back of rising Chinese imports.
"Seaborne thermal coal prices may receive support in coming months following the closure of hundreds of small Chinese coal mines due to an accident," commodities analyst at the Commonwealth Bank of Australia David Moore said in a note.
In Indonesia, the world's largest exporter of thermal coal, producers and traders said China's renewed interest in imports had helped to soak up the market's excess supplies.
A surprising spell of dry weather, along with a drop in domestic coal demand, has resulted in a deluge of Indonesian coal and prompted producers in recent months to sell their supplies at very low margins amid stiff competition and tepid demand.
"Demand from Cina has improved over the past few weeks and that's helping to inject life into a market that would otherwise be struggling very hard to get by," one Indonesian producer said.
"The Chinese are also driving a hard bargain, but we're happy as long as we're able to sell the extra tonnes."
Another Indonesian producer said the firm had sold about 200,000 tonnes of sub-bituminous coal into China over the past month, with prices fixed at around $US45.50 a tonne FOB, based on coal with a heating value of 4,700 kcal/kg (NAR) and a maximum of five per cent ash.
In related news, The City of Pingdingshan in central China's Henan Province has ordered all 157 coal mine shafts within its district to close, after a mine explosion killed 35 people, Xinhua News Agency reported.
Source: Business Spectator
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Monday, 24 August 09
10 LAKH (1 MILLION) TONNE COAL BURNT IN KPT
Times of India reported that, In an unusual phenomenon, 10 lakh tonne coal cache stored at a plot in Kandla Port Trust was reduced to ashes after it ...
Monday, 24 August 09
LANCO IN TALKS FOR INDONESIAN COAL MINE
Economic Times of India reported that, Infrastructure company Lanco Infratech is in advanced talks with Indonesian engineering, procurement and cons ...
Saturday, 22 August 09
'THE BDI IS LIKELY TO BE HOLDING AROUND 2,500 POINTS' - SHIPPING UPDATE
COALspot.com (Singapore): The dry bulk market continued to be soft and the BDI dropped by 10 percent this week and closed at 24,68 points this week. ...
Saturday, 22 August 09
INDIAN COAL BUYERS RE-EMERGE WITH FRESH TENDERS
Reuters world's largest international multimedia news agency reported that,Indian coal end-users have re-emerged after a few weeks with several fre ...
Friday, 21 August 09
HUANENG YIMIN TO HIKE COAL OUTPUT
China Daily, the largest English portal in China reported that, China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity ...
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- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
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- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
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- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
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- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
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- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
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- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
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- Deloitte Consulting - India
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
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- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
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- PetroVietnam Power Coal Import and Supply Company
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- Baramulti Group, Indonesia
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- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
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- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
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- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
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