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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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Friday, 04 December 09
CHINA'S COAL IMPORTS PREDICTED TO DECLINE IN 2010
China's eye-catching coal import figure s are unlikely to extend into 2010 given the predicted narrow-down of the coal price spread between the hom ...
Friday, 04 December 09
SUBHASH PROJECTS BEGINS MINING AT INDONESIAN COAL BLOCK
Kolkata-based infrastructure company Subhash Projects and Marketing (SPML) has begun mining at its coal block in Indonesia and will begin despatchin ...
Friday, 04 December 09
DRY BULK MARKET IS ON THE RISE AGAIN
Proving rather resilient, compared to previous behaviors, the dry bulk market has been on a rebound mode once again, after a two-week fall, which su ...
Friday, 04 December 09
INDONESIA'S BUMI EYES MARKETING DEAL FOR BERAU COAL
Reuters reported that, Indonesian coal miner PT Bumi Resources Tbk said on Thursday it is in talks to be the exclusive marketing agent for coal prod ...
Friday, 04 December 09
KALIMANTAN GOLD AGREES TO SELL IBP COAL CONCESSION
COALspot.com ( Press Release): Kalimantan Gold Corporation Limited ("KLG" or the "Company"), which undertook drilling and had an ...
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- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Bhatia International Limited - India
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- The University of Queensland
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Planning Commission, India
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
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