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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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Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
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- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- PTC India Limited - India
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
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