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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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Sunday, 07 July 13
COAL PRICES REMAIN UNDER PRESSURE
COALspot.com – Coal swaps for the year 2014 indicate that, the pressure on coal prices will continue at least until next year. Ave ...
Friday, 05 July 13
THE DRY BULK MARKET IS GOING FROM STRENGTH TO STRENGTH - INTERMODAL
The Capesize sector has been one that has gone through a wild rollercoaster of emotions this past decade, ranging from the exuberance witnessed duri ...
Thursday, 04 July 13
CHALLENGER SIGNS FORMAL EXCLUSIVE MINING AND MARKETING AGREEMENT FOR ABBR PROJECT IN CENTRAL KALIMANTAN
COALspot.com - Challenger Deep Resources Corp., through its subsidiary PT Bestindo Energy has signed the formal exclusive Mining and Marketing agree ...
Thursday, 04 July 13
ASX LISTED QBL TO ACQUIRE INTERESTS IN MOZAMBIQUE COAL EXPLORATION LICENSES
- QBL to acquire interests in two Mozambique exploration licences prospective for coal
- Licenses located in the highly prospective Zambezi basin, ...
Thursday, 04 July 13
HANDY : INDO/CHINA, CHARTERERS RATING AROUND US$ 10,000 - FEARNLEYS AS
Handy
The Feast market firmed slightly up as mid-July cargos entered the market, but charterers seems not in hurry to cover them and looking for ch ...
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- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
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- Bayan Resources Tbk. - Indonesia
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- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
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- Electricity Authority, New Zealand
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- London Commodity Brokers - England
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- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
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- Mintek Dendrill Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
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- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
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- Globalindo Alam Lestari - Indonesia
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- Ministry of Finance - Indonesia
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- CNBM International Corporation - China
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- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
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- VISA Power Limited - India
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
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- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
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- Merrill Lynch Commodities Europe
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- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
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- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
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- Malabar Cements Ltd - India
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- Indo Tambangraya Megah - Indonesia
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- Coal and Oil Company - UAE
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- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
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- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
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- TeaM Sual Corporation - Philippines
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- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
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- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
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- Vedanta Resources Plc - India
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- Indian Oil Corporation Limited
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- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
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- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Parliament of New Zealand
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- Minerals Council of Australia
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
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- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
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- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
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- Wilmar Investment Holdings
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- Economic Council, Georgia
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- GAC Shipping (India) Pvt Ltd
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- Alfred C Toepfer International GmbH - Germany
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- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Planning Commission, India
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- CIMB Investment Bank - Malaysia
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