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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, 25 March 10
INDIAS MAHARASHTRA SEEKS TO IMPORT 3.35 MILLION TONS OF COAL - BLOOMBERG
Bloomberg reported that, Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, is seeking 3.35 m ...
Thursday, 25 March 10
THE INDIAN MARKET IS STILL FIRM - FEARNLEYS AS
Handy
A sluggish start to the week in the Atlantic with little fresh busin ...
Tuesday, 23 March 10
NINE COMPANIES WIN 20-YEAR COAL CONTRACTS - TEMPO
Tempo Interactive reported that, State Eletricity Company (Perusahaan Listrik Negara) revealed four joint ventures and one company winning coa ...
Monday, 22 March 10
INDONESIA`S MERUKH WINS US$3 BLN SWISS CONTRACT TO SUPPLY COAL - ANTARA
Antara Reported that, Indonesia's PT Merukh Enterprises said it has secured a 30-year contract to supply coal to Swiss buyer Glencore International ...
Monday, 22 March 10
INDIA TO IMPORT COLOMBIAN COAL FOR FIRST TIME AS DEMAND SURGES - BLOOMBERG
Bloomberg reported that, Adani Enterprises Ltd., India’s biggest coal importer, agreed to buy thermal coal from Colombia for the first t ...
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- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Central Electricity Authority - India
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
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