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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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Tuesday, 16 October 12
DRY BULK FREIGHT RATES COULD IMPROVE ON CHINESE STIMULUS AND WINTER CARGO DEMAND SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
BIMCO has given out its forecast for the next six weeks, in terms of freight rates for dry bulk carriers. According to them, Capesize TC Average rat ...
Monday, 15 October 12
IT'S STRICTLY COME CHARTERING - CLARKSON RESEARCH SERVICES
The charter market is a bit of a dance between ship owner and charterer: one leader, one follower; one step, two steps, turn... The dance is symbiot ...
Sunday, 14 October 12
SUB-BIT INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS: SOFT
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery lost 0.329 percent w- w but gained 0.248 percent d-d on Friday, 12 Oct ...
Sunday, 14 October 12
SUPRAMAX FREIGHT STEADY: PANAMAX FREIGHTS FIRM - VISTAAR
COALspot.com - The shipping market saw some hectic activity in the Cape and panamax sector and quite a lot of fixtures reported.
The BDI was up b ...
Friday, 12 October 12
HOW REAL IS THE THREAT OF PIRACY? - BIMCO
The threat of modern piracy remains serious, regardless of its seasonal variations and the fact that it is chiefly confined to the Indian Ocean, Gul ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Minerals Council of Australia
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Mjunction Services Limited - India
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- White Energy Company Limited
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
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