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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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Thursday, 22 March 12
ECI-CHINA HANDY RATES ARE AROUND US$ 8000 - FEARNLEYS
Handy
Another positive trend was seen last week with more cargoes entering the market. Skaw-Passero/US Gulf climbed slowly up to USD 3700, while US ...
Thursday, 22 March 12
DRY BULK MARKET KEEPS SURGING, CAPESIZES FALLING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what seems to be an establishing pattern, the dry bulk market has kept its upward momentum, edging closer to the 900 point-mark, but the larger s ...
Wednesday, 21 March 12
BUMA HAS PRODUCED 2.3 MILLION TONS OF COAL IN FEBRUARY 2012
COALspot.com - PT. Delta Dunia Makmur's overburden removal in February 2012 has reached totaled 23.8 million bcm (+2.4% YoY) while coal production ...
Tuesday, 20 March 12
SMALLER DRY BULK VESSELS STILL LEADING DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been growing during the past couple of weeks, but contrary to the usual practice, it’s not the larger Capesizes which ...
Monday, 19 March 12
WEEKLY DRY MARKET OVERVIEW: SMALLER VESSELS LEAD RATES HIGHER - MARIA BERTZELETOU, HELLENIC SHIPPING
The upward trend of the Baltic Dry Index persists strong from the end of February, spurred from the supramax market that offsets the weakness in the ...
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- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
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- PowerSource Philippines DevCo
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- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
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- Indika Energy - Indonesia
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
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- Romanian Commodities Exchange
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- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
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- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Australian Coal Association
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
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- Central Electricity Authority - India
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- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
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- Parliament of New Zealand
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- Sojitz Corporation - Japan
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- Africa Commodities Group - South Africa
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- Bangladesh Power Developement Board
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- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
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- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
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- Sical Logistics Limited - India
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- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
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- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
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- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
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- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
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- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
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- Mercator Lines Limited - India
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
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- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
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- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
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