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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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Wednesday, 31 March 10
COAL INDIA MULLS JOINT VENTURE WITH RIO TINTO AND PEABODY - DNA
DNA reported that, Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The co ...
Wednesday, 31 March 10
DRY BULK MARKET STILL MODERATELY FALLING, BUT POSITIVE SIGNS APPEAR ON THE HORIZON - HELLENIC SHIPPING
The irregularities of the current dry bulk market have been more than evident in the fact that panamax vessels today earn more than their larger cap ...
Wednesday, 31 March 10
INDIKA ENERGYS PROFIT HIT BY FOREX LOSS AND CABOTAGE - THE JAKARTA GLOBE
The Jakarta Globe reportd that, PT Indika Energy posted a 30 percent drop in 2009 net profit due to a foreign exchange loss and impairment of intang ...
Wednesday, 31 March 10
ITMG TO UP COAL OUTPUT DESPITE PERMIT PROBLEMS - THE JAKARTA POST
The Jakarta Post reported that, the country’s third largest coal producer PT Indo Tambang Raya Megah (ITMG) said it can raise output although ...
Tuesday, 30 March 10
ANALYST SEES BDI LIFT, SUGGESTS DRY BULK SHORT SQUEEZE
Analysts at Credit Suisse are bullish on Diana and see a potential short squeeze elsewhere in the sector. The Baltic Dry Index (BDI) -- an industry ...
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- Minerals Council of Australia
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
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