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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, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
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- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- White Energy Company Limited
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Planning Commission, India
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
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