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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, 15 May 12
POTENTIAL BOOM OF CHINAS COAL IMPORTS COULD PROVIDE FURTHER SUPPORT TO DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been moving sideways during the past week with the industry’s benchmark, the Baltic Dry Index (BDI) losing 0.53% on th ...
Saturday, 12 May 12
THE SHIPPING MARKET IS UNLIKELY TO SEE A REBOUND ANYTIME SOON - VISTAAR SINGAPORE
COALspot.com - The BDI softened this week and it was down by 1.64 pct closing at 1,138 points.
The cape index was up by 2.41 pct closing at 1,61 ...
Friday, 11 May 12
POLITICAL CHANGES COULD LEAD TO TEMPORARY HALT IN SHIPPING INVESTMENTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The potential of changes of political leadership in many of the world’s leading economies could very well lead to significant shifts in the di ...
Thursday, 10 May 12
DRY BULK ERRATIC ON LACK OF DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept up its erratic behavior as it went down again during yesterday’s session, on a lack of direct guidance in terms o ...
Wednesday, 09 May 12
COAL INDIA SIGNS FSAS WITH 13 POWER UNITS SO FAR - PTI
Press Trust of India has reported that, coal India has so far entered into fuel supply pacts with 13 power units, including Reliance Power's Rosa P ...
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- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- The University of Queensland
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- PTC India Limited - India
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
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