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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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Monday, 14 September 09
INDONESIAN GOVT UPBEAT ABOUT $1.5B, 185-KM COAL RAILWAY PROJECT
In addition to a 30-year concession right, the government will also award a competitive pricing scheme as an incentive to lure investors in a US$1.5 ...
Monday, 14 September 09
BOOM FORECAST FOR COAL OUTPUT
SMH.com reported that, A COAL investment boom is driving Australian production to new peaks even as our biggest export markets shift towards cleaner ...
Sunday, 13 September 09
COAL INDIA MAY ACQUIRE ASSETS OF RIO TINTO
Coal India’s plan to acquire overseas mining assets is gathering steam. After a breakthrough in Mozambique, the coal behemoth has received&nbs ...
Saturday, 12 September 09
THE INDIA / FAR EAST SEEMS WILL CONTINUE TO BE SOFT UNTIL THE IRON ORE MOVEMENTS PICKS UP - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market continued to be stable at almost as same levels as last week and the BDI was at 2,468 points.
...
Saturday, 12 September 09
GOVT REQUESTS MORE TIME TO ACQUIRE 21% SHARES IN NNT
The Jakarta Post reported that, the government plans to request a postponement for the acquisition of 21 percent shares in PT Newmont Nusa Tenggara ...
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- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
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- Carbofer General Trading SA - India
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- The University of Queensland
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
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- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
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- Eastern Coal Council - USA
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Australian Coal Association
- Planning Commission, India
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
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- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
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- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
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