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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, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees ...
Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
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- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Australian Coal Association
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
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