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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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Wednesday, 09 December 09
INDONESIA'S RECAPITAL TO PAY $1.48 BLN FOR BERAU
Recapital Advisors, an Indonesian investment firm, will pay $1.48 billion in cash and notes to buy coal miner PT Berau Coal, $300 million of which i ...
Wednesday, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES
Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reser ...
Wednesday, 09 December 09
INDIA NEEDS TO IMPORT 29 MILLION TONNE STEAM COAL IN 2009 - 10
Mr Sriprakash Jaiswal Indian minister of state (Independent Charge) for coal informed the Rajya Sabha that Central Electricity Authority has estimat ...
Tuesday, 08 December 09
VOLATILE COAL PRICES SPUR ASIAN HEDGING
Volatile coal prices are forcing staid Asian power firms to change the way they buy fuel, setting the scene for a hedging boom as a growing array of ...
Tuesday, 08 December 09
MEC TO SHIP 2M T INDONESIA COAL TO INDIA IN 2010 - REUTER'S INTERVIEW
The UAE's Middle East Coal plans to start operation of coal mines in Indonesia's East Kalimantan province next year with initial production of 2 m ...
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- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- The University of Queensland
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
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