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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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Friday, 15 January 10
GOVT BRINGS IN DOMESTIC COAL MARKET OBLIGATION
The Energy and Mineral Resources Ministry has issued a ministerial decree requiring producers of coal and other minerals to allocate a proportion ...
Friday, 15 January 10
ADARO INDONESIA STILL TOPS IN INDONESIAN COAL EXPORT RANKING
COALspot.com (Indonesia): PT. Adaro Indonesia, the world first Envirocoal producer and Indonesia's second largest thermal coal producer is top coal ...
Friday, 15 January 10
NTPC TO ADD 6,000 MW EACH YEAR IN 12TH PLAN
Will raise total generation capacity to 75,000 Mw by 2017, up from 30,644 Mw at present.
India's largest power generator NTPC, which will launch ...
Friday, 15 January 10
POSCO SAYS 2010 COKING COAL AGREEMENT MAY BE DELAYED - BLOOMBERG
Posco, South Korea’s biggest steelmaker, said an agreement on coking coal prices for this year may be delayed because major suppliers of the s ...
Friday, 15 January 10
CHINA POWER FIRMS SEEK COAL IMPORTS, SUPPLY SCARCE
China's coal-hungry power plants have turned to imported coal to cope with widespread shortages, but spot supply is scarce, traders said on Thursda ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
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