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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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Tuesday, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed stra ...
Monday, 01 March 10
166 MINING COMPANIES THREATEN ENVIRONMENT
Viva News reported that, the Indonesian Forum for the Environment (Walhi) of East Kalimantan reveals that 166 coal mining companies, which are curre ...
Monday, 01 March 10
IRON ORE PRICE NEGOTIATIONS - 80PCT HIKE SEEN BY CHINESE
China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few month ...
Sunday, 28 February 10
SUPRAMAX CHARTER RATES FOR ONE YEAR IS AROUND US$ 19,000/20,000 PER DAY - VISTAAR SINGAPORE
COALspot.com : The freight market firmed up by almost 10 pct on Supramax and Handy size and about 7 pct on Panamax.
However it was interesting to ...
Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 200 ...
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- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- White Energy Company Limited
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
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