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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, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of M ...
Monday, 24 May 10
PAMA TO CLOSE COALS ACQUISITION IN 2010
Insider Stories reported that, Indonesia's largest coal mining contractor PT Pamapersada Nusantara, subsidiary of PT United Tractors Tbk (UNTR), wi ...
Sunday, 23 May 10
SINGARENI LEVIES PREMIUM TO BALANCE COAL DEMAND - BUSINESS STANDARD
Business-Standard reported that, In view of the rising demand for coal, Singareni Collieries Company Limited has recently levied a premium on c ...
Saturday, 22 May 10
THE BRENT CRUDE PRICES WAS SHARPLY DOWN AT US$ 71.72 PER BARREL - VISTAAR SHIPPING
COALspot.com: The freight market was under pressure with the caps size index down by 10 pct with uncertainty in Europe crisis continuing.
The BD ...
Saturday, 22 May 10
PORT CONGESTION IN AUSTRALIA HELPING RATES CHINA COAL IMPORT BOOM TO CUSHION FREIGHT RATES
China's record coal imports this year will provide some support to freight rates but growing pressure from fleet oversupply is set to limit gains. ...
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- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
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- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
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- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
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- Kaltim Prima Coal - Indonesia
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- Semirara Mining Corp, Philippines
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- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
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- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Anglo American - United Kingdom
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- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
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- Economic Council, Georgia
- Wilmar Investment Holdings
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- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
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- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
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- Ind-Barath Power Infra Limited - India
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- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
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- Toyota Tsusho Corporation, Japan
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- Bulk Trading Sa - Switzerland
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- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
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- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- The University of Queensland
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- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
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- Kumho Petrochemical, South Korea
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- Rashtriya Ispat Nigam Limited - India
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- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
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- Attock Cement Pakistan Limited
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- Indian Energy Exchange, India
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- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
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- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
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- Wood Mackenzie - Singapore
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- Romanian Commodities Exchange
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- Ministry of Finance - Indonesia
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- Indian Oil Corporation Limited
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- Bhatia International Limited - India
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- VISA Power Limited - India
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- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- White Energy Company Limited
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- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
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- Larsen & Toubro Limited - India
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- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
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