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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 $US45.50 a tonne FOB, based on coal with a heating value of 4,700 kcal/kg (NAR) and a maximum of five per cent ash.
In related news, The City of Pingdingshan in central China's Henan Province has ordered all 157 coal mine shafts within its district to close, after a mine explosion killed 35 people, Xinhua News Agency reported.
Source: Business Spectator
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Monday, 20 July 09
INDONESIA PRODUCES 72 MILLION MT IN FIRST HALF OF YEAR: OFFICIAL
Indonesia produced 72 million mt of coal in the first half of 2009, or 31.3% of the government’s target this year, a senior government officia ...
Sunday, 19 July 09
JINDAL S&P IN TALKS TO BUY SA COAL MINE FOR RS 350-400 CR (US$ 80 - 90 MILLION)
Economic Times reported that, Naveen Jindal-led Jindal Steel & Power (JSPL) is acquiring a thermal coal mine in South Africa, a top company exec ...
Saturday, 18 July 09
REN POWER CZ COMMISSIONS ANOTHER PHOTOVOLTAIC POWER STATION
COALspot.com (Press Release): REN Power CZ, a company in the Czech Coal Group, has put into operation another photovoltaic power station. The plant ...
Saturday, 18 July 09
THE FUTURE FOR SUPRAMAX FOR NEXT 3 YEARS TILL 2012 WOULD BE AROUND US$ 13,500 PER DAY - CAPT. REDDY
COALspot.com ( Singapore): The market moved up sharply this week , which was quite unexpected.
The BDI was up by 557 which is an increase of 18 ...
Friday, 17 July 09
CHINA COAL-SPOT PRICES EDGE LOWER, SUPPLY APLENTY
China Mining reported that, spot prices in China's top coal shipping port Qinhuangdao edged lower from a week earlier, as supply grew, offsetting t ...
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- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- White Energy Company Limited
- Aditya Birla Group - India
- Minerals Council of Australia
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- PTC India Limited - India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- The University of Queensland
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Australian Coal Association
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
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