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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, 18 December 09
COKING COAL SHORTAGE IN CHINA TO SPUR DEMAND FIGHT WITH JAPAN
China, the world’s largest steelmaker, faces a shortage of coking coal that may drive imports next year and spur a fight for resources with Ja ...
Thursday, 17 December 09
THE 6TH CLEAN ENERGY FORUM - CLEAN COAL 2010
COALspot.com (China) - Press Release: The 6th Clean Energy Forum--Clean Coal 2010 January 27-29, 2010 Renaissance Tianjin Teda Hotel And Conven ...
Thursday, 17 December 09
JFE STEEL INVESTS $555 MILLION IN AUSTRALIA COAL MINE
JFE Steel Corp., Japan’s second- largest producer, will invest 50 billion yen ($555 million) in a coal mine in Queensland, Australia, includin ...
Thursday, 17 December 09
CHINA, INDIA DEMAND MAY BOOST THERMAL COAL PRICE, JPMORGAN SAYS
Demand for thermal coal from China and India may boost prices of the fuel to $80 a metric ton next year amid reduced supplies and lower inventories, ...
Thursday, 17 December 09
RBCT PROBLEMS TO CAUSE STEAM COAL PRICE SPIKE IN Q1
Bugs in the new computer system at South Africa's Richards Bay Coal Terminal and persistent rail problems will make it impossible for exporters to ...
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- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
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