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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, 23 April 10
KPCL EYES MINE IN INDONESIA - BUSINESS STANDARD
Business-Standard reported that, Karnataka Power Corporation Ltd (KPCL), the state-owned power generator, is exploring the possibility of acquiring ...
Thursday, 22 April 10
INDONESIAN COAL PRICE REFERENCE FOR MARCH 2010 - US$ 86.64/T
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has begun publishing a monthly coal price reference (HBA) to be use ...
Thursday, 22 April 10
NEED TO IMPORT 82 MT COAL IN FISCAL - INDIA COAL MIN
Indian Express reported that, anxious to bridge the ever-widening gap between the rising demand for coal and its inadequate supply, the Coal Ministr ...
Thursday, 22 April 10
DRY CARGO DEMAND EXPECTED TO INCREASE, FAVORING HIGHER FREIGHT RATES
Increased dry bulk cargo demand is expected to become the norm in the coming weeks and months, according to analysts, which in turn should sustain f ...
Thursday, 22 April 10
INDIA'S BORL SEEKS TO BUY INDONESIAS LOW - SULFUR COAL
COALspot.com: Bharat Oman Refineries Ltd, a joint venture company (promoted by Bharat Petroleum Corporation Ltd, India and Oman Oil Company Lt ...
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- Indonesian Coal Mining Association
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- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
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- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
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- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
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- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- PowerSource Philippines DevCo
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- SMC Global Power, Philippines
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- The University of Queensland
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- Metalloyd Limited - United Kingdom
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- White Energy Company Limited
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- Mjunction Services Limited - India
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- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
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- Wilmar Investment Holdings
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- Economic Council, Georgia
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- Lanco Infratech Ltd - India
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- Romanian Commodities Exchange
- Baramulti Group, Indonesia
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- Australian Coal Association
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- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
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- New Zealand Coal & Carbon
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- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
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- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Deloitte Consulting - India
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- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
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- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
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- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
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- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
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- Power Finance Corporation Ltd., India
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- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- South Luzon Thermal Energy Corporation
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- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- India Bulls Power Limited - India
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- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
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- Eastern Coal Council - USA
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- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
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- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
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- Siam City Cement PLC, Thailand
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- Planning Commission, India
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- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
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- Thiess Contractors Indonesia
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