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Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a continued rally in Chinese domestic coal prices fuelled expectations of strong imports through the rest of the year.
A coal trader based in Jakarta said that "Chinese demand for Indonesian material is still very strong and imports could go even higher in the coming months as domestic prices climb higher."
Thermal coal prices on the globalCOAL Newcastle weekly index, a benchmark for Asia, rose by USD 1.06 or about 1.5% from a week ago to USD 73.13 a tonne, based on free on board prices at Australia's Newcastle port.
Spot thermal coal prices in China have risen for the sixth straight week to strike a new 2009 high, thanks to increasing winter heating demand and recovering power consumption on the back of a stronger economy.
Although it remains uneconomical for China to import Australian coal due to high freight charges, the ongoing flow of Indonesian coal imports by Chinese buyers has helped tighten supplies in the Asia Pacific market.
An unexpected surge in Chinese imports this year has been the saving grace for Asia's coal prices, which have recovered much faster than prices in Europe and South Africa, and have mostly traded at a premium to other region's supplies.
Trade sources said that strong Chinese demand, combined with slower Indonesian production due to the rainy season, has helped pare some of the excess supplies that inundated the market in September and has in turn lifted producers' offer prices.
Traders and producers said they were optimistic about prices for the rest of the fourth quarter, citing strength in Chinese and Indian imports, and possible fresh demand in the traditional North Asian markets over the winter heating season.
Prices of top grade coal at China's top coal port Qinhuangdao gained CNY 5 to CNY 20 to a range of CNY 655 to CNY 680 a tonne this week, while coal with a calorific value of 5,500 kilo calorie per kilogram was quoted at CNY 620 to CNY 640 a tonne.
China coal imports rose 7% MoM in September to 12.55 million tonnes, with tight domestic supply that made imports attractive likely to continue at least through the end of the year.
Sourced from SteelGuru
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Monday, 20 June 11
KPCL SETS ALL INDIA & POSSIBLY A WORLD RECORD FOR COAL DISCHARGING
COALspot.com - Krishnapatnam Port has set an all India record for discharging 95,528 tons of steam coal in just 24 hrs using the conventional unload ...
Monday, 20 June 11
5TH ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2011 IS ON THE WAY
Press Release - Since the beginning of 2011, international commodity price has been in a high level, resulting in “TENSION” of energy co ...
Sunday, 19 June 11
S6 AND S7 ROUTES LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The freight market seemed to be stabilizing and the BDI and Cape index was up marginally and closed at 1,423 points and 1,824 points ...
Sunday, 19 June 11
BUMI 1Q NET PROFIT INCREASES 16.5 PERCENT
PT Bumi Resources Tbk (BUMI), Indonesia's largest coal exporter that is 25% owned by London-listed Vallar Plc, reported a16.49% increase in net pro ...
Friday, 17 June 11
DRY BULK BREATHES SIGH OF RELEAF ON RENEWED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has caught a sign of relief from the middle of the week onwards, as the BDI (Baltic Dry Index) increased once again yesterday, t ...
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- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
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