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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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Wednesday, 06 January 10
SAS 2009 COAL EXPORTS THROUGH RBCT FLAT AT 61MT
Exports through South Africa’s Richards Bay Coal Terminal (RBCT) remained flat in 2009, as the terminal faced “critical business challen ...
Wednesday, 06 January 10
BUMI SHARES UP AS OVERALL PERFORMANCE BEATS PREDICTIONS
The world’s largest thermal coal exporter PT Bumi Resources saw its shares jump 10 percent to Rp 2,675 ($29 US cents) on Tuesday after the com ...
Wednesday, 06 January 10
INDIA MAY HAVE BECOME TOP BUYER OF SOUTH AFRICAN COAL
India may have overtaken Europe for the first time as the biggest purchaser of South African coal in 2009, according to Raymond Chirwa, Richards Bay ...
Wednesday, 06 January 10
COAL PEAK RECEDES INTO THE FAR DISTANCE
COALspot.com (German): Coal will be available to mankind as an energy source for the next 120 years.
The German Coal Importer Association has ca ...
Tuesday, 05 January 10
SUPRAMAX MARKET REMAINED QUIET OVER THE LAST 10 DAYS BRS - DRY BULK
Despite a damp end to the year for bulk rates, shipping has weathered the storm far better than was initially expected in the wake of the financ ...
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- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- The University of Queensland
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
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