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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, 17 August 09
COAL EXPORTS CONTINUE DESPITE SHORTAGE
Vietnam News reported that, Viet Nam is exporting more coal despite a warning from experts that the country could face a shortage of this fossil fue ...
Monday, 17 August 09
S.KOREA JULY COAL IMPORTS UP TO 8.97 MLN T
* Imports of heating coal in July up 3.7 percent on year
* LNG imports in July fall for seventh straight month
Alibaba reorted that, South Kore ...
Monday, 17 August 09
COAL INDIA PLANS A PRICE HIKE OF 11%
With the state-run CIL mining 84% of the coal produced in the country, an 11% increase will push up inflation by around 0.16%, the company said
L ...
Monday, 17 August 09
BANPU SEES INDONESIAN MINE OUTPUT UP 10 PCT IN 2010
Reuters reported that, Thailand's top coal miner, Banpu, said on Monday it expected coal output from its Indonesian mines to rise 10 percent to abo ...
Monday, 17 August 09
COAL IMPORTS SURGE IN H1
China is one of the world's leading coal producers. But even so, imports of coal have surged in the first half of the year, hitting a record in Jun ...
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- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
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- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
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- GN Power Mariveles Coal Plant, Philippines
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- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Australian Coal Association
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
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- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- The University of Queensland
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
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- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
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- Thai Mozambique Logistica
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- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
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