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Wednesday, 16 December 09
CHINA 2010 COAL TERM PRICES SEEN RISING 8% ON YEAR
Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year's levels, as demand for power has been roaring back due to steady economic recovery, analysts and industry officials said.
But higher coal prices may bring a tough year for power plants, in the absence of power tariff hikes or pricing scheme reforms.
Six analysts surveyed by Reuters expect term prices for thermal coal, used in power generation, to rise between 5 and 20 percent from this year's levels, with consensus around 8 percent.
"I think an 8 to 10 percent rise would be reasonable, given the rapid climb in spot prices, as well as strong demand for coal and power," said Martin Wang, an analyst at Guotai Junan Securities in Hong Kong.
"Utilities, however, are facing a tough year. They might still be able to make a profit, after they've phased out the inefficient power generators. But the profit margin would vary from company to company."
Coal miners and power plants were in a stalemate over this year's term prices for months, before some power plants quietly accepted price hikes demanded by coal miners, as power consumption recovered and spot coal prices strengthened.
Spot thermal coal prices in Qinhuangdao, the country's top coal shipping port, rose nearly 30 percent from mid-September, when prices started to steadily climb.
Coal with calorific value of 5,500 kcal/kg (NAR) was quoted in the range of 730 yuan to 750 yuan ($106,9 - $109,9) a tonne, according to the Qinhuangdao Seaborne Coal Market.
The current price is about 37 percent higher than 540 yuan a tonne, the benchmark free-on-board term price offered by Shenhua, China's top coal producer.
Meanwhile, China's power generation in November rose 26,9 percent on the year, the fastest growth in nearly 4 years, as industrial activities continued to accelerate and cold weather spurred heating demand.
TOUGH YEAR AHEAD FOR UTILITIES
Power utilities, which just returned to profit this year due to lower coal prices, are again facing steep rises in production cost and coal miners with increasing negotiating power.
"There is an increasing monopoly in the coal industry, as the consolidation is pushing forward. But the power sector is still segmented," said an executive at a large power generating group.
China's five major power generating groups, including the parents of GD Power Development Co Ltd, China Power International, Datang International Power Generation Co Ltd, Huadian Power and Huaneng Power International, generate nearly half of national output.
"We can't do anything. If coal costs rise, we'll probably see sector-wise losses again," said the executive.
Beijing has cancelled the annual coal price negotiating conference and instead asked suppliers and users to complete deals within a month, while pledging to improve the power tariff pricing scheme and keep coal prices stable.
Source: Reuters / Mining weekly
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Wednesday, 21 April 10
INDONESIA SHIPPED 13.24 PERCENT MORE COAL IN MARCH THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 27,615,191 MT of coal in March 2010, compare to 24.38 million tons in January and ...
Tuesday, 20 April 10
INDO HARUM ENERGY WINS US$200MN LOAN PLEDGE FROM BANK SYNDICATE
Indonesian coal producer PT Harum Energy has secured a loan commitment of US$200 million from a syndicate of six banks.
Bank of Tokyo Mitsubishi ...
Tuesday, 20 April 10
PACIFIC SUPRA MARKET WAS STILL SOFTENING - BRS
A modest increase in dry bulk rates this week with activity picking up in the middle of the week. Panamax rates remain above the Capes, and there wa ...
Monday, 19 April 10
IS CHINA TO SUFFER NEW COAL SUPPLY SHORTAGE IN 2010? - XINHUA
Is China likely to suffer a new coal supply shortage in 2010? It's a question haunting many Chinese market analysts now. After a string of several ...
Monday, 19 April 10
WHITE ENERGY BUYS SA COAL - ABC NET
ABC Net reported that, South Australian Coal Limited is being bought by the New South Wales company White Energy.
Shareholders will get a combine ...
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- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
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