We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts a ...
Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG, the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal P ...
Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulatio ...
Thursday, 09 July 09
COAL EXPORTS TO CHINA MAY FALL AS PRICES, SHIPPING RATES RISE
CHINA'S appetite for Australian coal may fall in July and August from earlier highs, due to a recent recovery in regional prices and higher interna ...
Thursday, 09 July 09
GARDA LISTS SHARES IN LOCAL BOURSE
Local coal company PT Garda Tujuh Buana officially listed its shares in the Indonesia Stock Exchange (IDX).
The listing followed the company's p ...
|
|
|
Showing 6611 to 6615 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Planning Commission, India
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Thai Mozambique Logistica
|
| |
| |
|
