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Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. said.
Supply of the steelmaking raw material will fall short of demand by 27 million metric tons next year, a gap that will be filled by imports, Citigroup analysts Catherine Wang and Thomas P Wrigglesworth said in a Dec. 4 report.
China’s $586 billion stimulus spending has boosted steel demand from property developers and automakers. Steel output in China may rise 14 percent to 570 million tons this year, Xu Lejiang, chairman of the nation’s biggest producer Baosteel Group Corp., said last week in Beijing.
“Coking coal is our favorite bulk commodity,” the analysts said in the research report. “With limited supply, the sector is set to benefit from high levels of steel production in China.”
Hidili Industry International Development Ltd., southwestern China’s largest producer of coking coal, gained as much as 2.9 percent to HK$9.35 and traded at HK$9.25 at 10:40 a.m. The stock has almost quadrupled this year.
Coking coal demand in China may increase 9 percent to 509 million tons from this year, while production will grow 10 percent to 482 million tons, the report said. The forecast is based on pig-iron production of 597 million tons next year, according to the report.
Benchmark coking coal prices have risen 10 percent since May to 1,260 yuan a ton in Pingdingshan, according to industry researcher Steelhome. Pingdingshan, a city in China’s central Henan province, holds China’s largest reserves of coking coal.
Source: Bloomberg
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Thursday, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
Thursday, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
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- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Australian Coal Association
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Posco Energy - South Korea
- Marubeni Corporation - India
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
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