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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, 24 January 12
BUKIT ASAM FY11 NET PROFIT SURGES 50% - INSIDER STORIES
Insider Stories reported that, the state-controlled PT Bukit Asam Tbk (PTBA) estimated to book Rp3 trillion (approximately US$ 335,570,469) net prof ...
Sunday, 22 January 12
FREIGHT MARKET DROPPED TO THE LOWEST LEVEL SINCE 2008
COALspot.com - "The markets continued to soften almost reaching 2008 levels breaking the 1,000 point mark", said Capt. Reddy of Vistaar Sh ...
Saturday, 21 January 12
ASIAS PREMIER COMPREHENSIVE OPEN CUT MINING CONFERENCE SCHEDULED FOR FEBRUARY 2012
As the only such conference in the region for miners and service providers, IBC Asia’s Open Cut Mine Planning & Operational Excellence con ...
Saturday, 21 January 12
COAL MARKETS CELEBRATES A DECADE OF BRINGING BUYERS & SELLERS TOGETHER
In 2012, IBC Asia’s premier Coal Markets conference series – Asia’s only globally focused coal import, export and supply chain eve ...
Saturday, 21 January 12
SAMIN TAN COMPLETES BUMI PLC TAKEOVER - INSIDER STORIES
Insider Stories reported that, Indonesian coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN), that is controlled by stellar businessm ...
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- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- The University of Queensland
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
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