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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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Friday, 20 August 10
POWER COS SEEK MINING PARTNERS TO BID FOR 1,920-MW PROJECT
"A joint venture between the Maharashtra and Tamil Nadu governments for a pit-head power project, has been allotted the biggest coal block yet ...
Thursday, 19 August 10
INDONESIA EXPORTED 5.93 MLN TON OF COAL TO CHINA AND 3.52 MLN TONS TO INDIA IN JULY
COALspot.com: Indonesia shipped 3.52 million tones of thermal coal to India in July, fell 25.39 percent compared to June's exports of 4.71 million ...
Thursday, 19 August 10
WBPDCL INDIA LAUNCHES SPOT COAL TENDER
COALspot.com: The West Bengal Power Development Corporation Limited (WBPDCL ), A Govt. of West Bengal Enterprise, has launched spot contract tender ...
Thursday, 19 August 10
PANAMAX BACKED BY A STRONGER SHORT PERIOD MARKET AND SUPPORTED BY SOME FRESH REQUIREMENTS - FEARNBULK
Handy
The events of this week have confirmed our assessment of last week i.e. activity gradually picked up in the Atlantic with more enquiry seen ...
Thursday, 19 August 10
CSC TO SHIP COAL FOR NOROCHCHOLAI POWER PLANT
Daily Mirror reported that, coal for the Norochcholai Power Plant will be shipped to the country by the Ceylon Shipping Corporation (CSC) officials ...
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- Videocon Industries ltd - India
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- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
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- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
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- Global Coal Blending Company Limited - Australia
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- Indian Oil Corporation Limited
- The University of Queensland
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- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
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- Medco Energi Mining Internasional
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- Globalindo Alam Lestari - Indonesia
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- Coal and Oil Company - UAE
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- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
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- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
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- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
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- Gujarat Electricity Regulatory Commission - India
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- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- GVK Power & Infra Limited - India
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- Renaissance Capital - South Africa
- Eastern Coal Council - USA
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- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
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- White Energy Company Limited
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- Agrawal Coal Company - India
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- Energy Development Corp, Philippines
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- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
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- Bulk Trading Sa - Switzerland
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- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
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- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
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- LBH Netherlands Bv - Netherlands
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- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- Global Business Power Corporation, Philippines
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- Simpson Spence & Young - Indonesia
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- The Treasury - Australian Government
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- Mjunction Services Limited - India
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- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
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- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
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- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
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- IEA Clean Coal Centre - UK
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- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
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- Bangladesh Power Developement Board
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- Antam Resourcindo - Indonesia
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- CNBM International Corporation - China
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- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
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- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
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