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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, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...
Thursday, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
HANDY
Activity has gradually improved in the Atlantic throughout the week. All areas&n ...
Thursday, 04 March 10
GLOBAL COAL PRICES GETS SUPPORT FROM EM DEMAND
Commodity Online reported that, AP12 coal prices look well supported in 2010 thanks to positive outlook for Chinese coal demand whereas coal demand ...
Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three ...
Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...
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- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Planning Commission, India
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- White Energy Company Limited
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Deloitte Consulting - India
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
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