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Friday, 11 September 09
INDONESIA COAL-PRICES AT $66, SUPPLIERS OFFER AT BARGAIN PRICES
 Some Indonesian producers were rushing to sell coal at bargain prices to ease excess stocks and catch shipments before the Muslim Eid Al-Fitr festival which could depress prices.
A deluge of supply from Indonesia amid weak demand has sent prices of power-station coal from Australia to 3 1/2-months low.
Thermal coal prices on the globalCOAL Newcastle weekly index, a benchmark for Asia, edged down $0.67 from the previous week to $66.46 a tonne on Wednesday on plentiful coal supply from Indonesia, amid a seasonally low demand period.
Indonesian bituminous coal with a heating value of 6,300 kcal/kg air-dried basis was offered at around $60 a tonne, FOB vessel, and around $55 for FOB barge basis, roughly unchanged from last week.
"Demand is still there, but not much," a regional trader said.
But traders saw demand from China and from other Southeast Asian countries such as Thailand picking up amid a drop in coal prices.
"China is scouting for bituminous coal with heating value above 6,100 kcal/kg as prices are already low now," said an Indonesian trader with a small mine in East Kalimantan in Borneo island, producing about 200,000 tonnes a month.
"We were approached to supply 70,000 tonnes a month to a new Chinese buyer," he said, adding that Chinese buyers are looking for shipment from October onwards.
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.
There were no physical trades for Newcastle coal registered at the globalCOAL platform this week.
* INDONESIAN SUB-BITUMINOUS
Indonesian sub-bituminous coal with a heating value of 5,300-5,500 kcal/kg (ADB) was offered at around $32 a tonne, FOB vessel for prompt shipment.
Indonesian producers were rushing to offer their sub-bituminous coal to ease stocks as production was piling up due to good weather and slow domestic demand.
"There has been no rain in Kalimantan for the past weeks. Normally, rains have started at this time of year. This (dry period) allows miners to boost production," another Indonesian trader said.
People are also selling off their coal to ease stock before the Eid Al-Fitr holiday to avoid the risk of fire from self-igniting coal, which often occurs, traders said. Many Indonesian offices will be closed from Sept. 18-23 for the holiday.
But plentiful sub-bituminous coal coal supply amid slow demand has put pressure on spot prices, with buyers able to buy the fuel at below $30 for coal of 5,500 kcal/kg, traders said.
"Buyers have plenty of choice now. I would sell at a bargain if there were any buyers that are interested in prompt shipment," the first Indonesian trader said.
A drop in prices has lured Chinese buyers to buy Indonesia's cargoes, the first Indonesian said, adding it has received a request to supply 60,000 tonnes a month of coal of 5,000 kcal/kg gross as-received to a Chinese buyer.
Meanwhile, Indian buyers had approached Indonesian suppliers for supply commitment to join a government tender.
Source: Alibaba
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Wednesday, 16 September 09
S. LANKA, INDIA'S NTPC TO SIGN $500 MLN COAL DEAL
Reuters reported that, Sri Lanka is to sign a commercial agreement with India's National Thermal Power Corporation (NTPC.BO) to build a $500 millio ...
Wednesday, 16 September 09
NAPOCOR GETS 3 OFFERS IN COAL TENDER
ABS-CBN news reported that, The Philippines' state-run National Power Corp. (Napocor) said on Wednesday it received offers from 3 Indonesian firms ...
Wednesday, 16 September 09
S.KOREA KOSEP BUYS 1.06 MLN T COAL-SOURCE
* 6,080 kcal/kg at $63-65, 4,900-5,350 kcal/kg at $56-58
* Initially about 5 mln T offered for tender
Reuters reported that, Korea South ...
Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS
Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.9 ...
Monday, 14 September 09
CIL MAY REDUCE FLOOR PRICE OF E-AUCTION COAL
After receiving a lukewarm response to the forward e-auction started in two of its subsidiaries, Coal India Limited (CIL) is mulling to reduce the f ...
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- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- MS Steel International - UAE
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- The University of Queensland
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Minerals Council of Australia
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
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