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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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Monday, 12 April 10
INDIA'S NALCO TO INVEST BIG IN INDONESIA'S ALUMINIUM PROJECT - BERNAMA
Bernama reported that, India's state- owned National Aluminium Company Ltd (Nalco) is to pump in massive investment to set up a aluminium smelter a ...
Saturday, 10 April 10
VESSELS OPEN N. CHINA WERE SEEN FIXED AT HIGH TEENS FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SINGAPORE
COALspot.com: The BDI indices was almost at same levels was down by only 2.6 pct.
The cape index was down by almost 13 pct, which appears to be s ...
Saturday, 10 April 10
KRISHNAPATNAM PORT GROWS BY ALMOST 100% IN ITS SECOND YEAR OF OPERATIONS
COALspot.com ( Press Release): It has been a year of setting numerous records for Krishnapatnam Port. Krishnapatnam Port is only in its second year ...
Saturday, 10 April 10
TRANS-ASIA SEEKS SEMIRARA, INDO SUPPLIERS FOR COAL POWER PLANT - MANILA STANDARD TODAY
Manila Standard Today reported that, Trans-Asia Oil & Energy Development Corp., a unit of the Phinma Group, will tap Semirara Mining Corp. ...
Thursday, 08 April 10
THE FAR EAST SHIPPING MARKET FIRMING SINCE THE LAST WEEK
Handy
Little fresh interest early this week after the holidays. The BSI saw yest ...
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- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Bhushan Steel Limited - India
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Planning Commission, India
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
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