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Tuesday, 22 September 09
QINHUANGDAO COAL PRICES SURGE ON STRONG DEMAND


People's Daily Online reported that, Coal prices at Qinhuangdao port, China's largest coal port, witnessed the sharpest increase in the year last week, with steam coal over 5,500 kilocalories rising to 600 yuan per ton on September 18, according to statistics provided by China Coal Trade & Development Association (CCTDA).

Li Zhaolin, an analyst with China Coal Market Web, said that the power plants were striving to increase coal reserve to ensure power supply during the National Day holidays. "Judging from the power generation data in August, downstream demand is increasing," Li said.

Last week, the National Development and Reform Commission (NDRC) urged power plants in Beijing, Tianjin and Tangshan to reserve enough coal to guarantee power supply during the National Day holidays.

According to the CCTDA's latest weekly journal, as power plants in southern China want more coal, stockpile at Qinghuangdao port is decreasing.

By September 19, coal stockpile at Qinghuangdao port was 4.40 million tons, 65,000 tons lower than the previous week. Stockpile at Guangzhou port fell by 190,000 tons to 2.09 million tons.
Source: People's Daily Online



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Friday, 18 September 09
STANCHART TO ADVISE BAYAN ON INDONESIA COAL FINANCING
Indonesian coal miner PT Bayan Resources Tbk said on Wednesday it has appointed Standard Chartered Bank as a financial adviser for raising at least ...


Friday, 18 September 09
COKING COAL SUPPLY TO FALL 3 MILLION TONS IN CHINA ON SHUTDOWN
Bloomberg reported that, Coking coal supply in China, the largest consumer, may fall by 3 million metric tons a month after a mine accident this mon ...


Thursday, 17 September 09
FOUR LEFT IN INDIA'S MMTC COAL IMPORT TENDER-SOURCE
Reuters reported that, India's MMTC Ltd has accepted four out of five submissions for an import tender for 12.5 million tonnes of coal, with a bid ...


Thursday, 17 September 09
INDIA SEEKS COAL
IBT commodities reported that, India is on a coal buying spree. The big Asian nation is scrambling to cover an expected shortfall in domestic supply ...


Wednesday, 16 September 09
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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 ...


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