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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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Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
Wednesday, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...
Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat
Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the f ...
Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...
Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...
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- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Posco Energy - South Korea
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
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