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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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Saturday, 09 January 10
THE FAR EAST MARKET STARTED TO STABILIZE - FEARNLEYS
Handy
The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...
Saturday, 09 January 10
IMPORTED, LOCAL COAL TO BE MIXED IN POWER DRIVE
The government is likely to create a pool price of coal, wherein imported coal and Indian coal could be mixed, making the imported coal becomes more ...
Friday, 08 January 10
SA COAL PRICES TO SPIKE ON RESUMED INDIA BUYING
South African coal prices are set for another price surge to over $100 a ton FOB as Indian and Chinese buyers compete for limited prompt supply, pro ...
Friday, 08 January 10
COLOMBIAN COAL STARTS TO MOVE TO CHINA - TRADERS
* Producer sells cape cargo Colombian coal to China
* Firm bids in freight market
* More shipments expected
Colombian coal is starting to move ...
Thursday, 07 January 10
PT. BUKIT ASAM TO BUILD NEW COAL LOADING TERMINAL AND COAL LOADER
COALspot.com (Indonesia): PT Bukit Asam (Persero) Tbk, Indonesia’s state owned coal mining company, is planning to build an additi ...
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- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Parliament of New Zealand
- PTC India Limited - India
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Australian Coal Association
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- White Energy Company Limited
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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