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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 - $109,9) a tonne, according to the Qinhuangdao Seaborne Coal Market.
The current price is about 37 percent higher than 540 yuan a tonne, the benchmark free-on-board term price offered by Shenhua, China's top coal producer.
Meanwhile, China's power generation in November rose 26,9 percent on the year, the fastest growth in nearly 4 years, as industrial activities continued to accelerate and cold weather spurred heating demand.
TOUGH YEAR AHEAD FOR UTILITIES
Power utilities, which just returned to profit this year due to lower coal prices, are again facing steep rises in production cost and coal miners with increasing negotiating power.
"There is an increasing monopoly in the coal industry, as the consolidation is pushing forward. But the power sector is still segmented," said an executive at a large power generating group.
China's five major power generating groups, including the parents of GD Power Development Co Ltd, China Power International, Datang International Power Generation Co Ltd, Huadian Power and Huaneng Power International, generate nearly half of national output.
"We can't do anything. If coal costs rise, we'll probably see sector-wise losses again," said the executive.
Beijing has cancelled the annual coal price negotiating conference and instead asked suppliers and users to complete deals within a month, while pledging to improve the power tariff pricing scheme and keep coal prices stable.
Source: Reuters / Mining weekly
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Thursday, 01 April 10
OWNERS WERE STILL BULLISH ON SHORT PERIOD NUMBERS, BUT CHARTERERS IN GENERAL WERE NOT READY TO PAY - BRS
SUPRA / HANDY
After several weeks of a rising market, the BSI lost 9% last week to close on Friday at US$ 27,677 per day for the TC routes. ...
Thursday, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand pic ...
Thursday, 01 April 10
BHP BILLITON TO SELL STAKE IN MARUWAI TO ADARO - THE JAKARTA POST
The Jakarta Posted reported that, BHP Billiton has agreed to sell 25 percent of its stake in the Maruwai Coal Project in Kalimantan to Indonesia&rsq ...
Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks ...
Thursday, 01 April 10
TATA POWER EYES MORE COAL FROM INDONESIA FOR ITS FUTURE PLANTS - FINANCIAL EXPRESS
Financial Expressreported that, Tata Power, one of the largest private sector power utilities in the country with interests in generation, transmiss ...
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- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- The University of Queensland
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
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