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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, 16 December 09
INDONESIA'S FIRST PRIVATE RAILWAY TO BOOST RAK'S MINING INTERESTS
MEC infra to invest $1b in construction of 130-km transport link
A 130-kilometre railway that will ease the transport of raw materials and finish ...
Tuesday, 15 December 09
KOMIPO HAS ISSUED A NEW TENDER FOR 30000 MT OF 5200 NAR KCAL/KG COAL
COALspot.com (South Korea): South Korean state-owned utility Korea Midland Power (KOMIPO) has issued an new tender for prompt supply of 30000 M ...
Tuesday, 15 December 09
CHINA CUTS IMPORT DUTIES ON COAL, RAISES FOR OTHERS
China will lower import duties on more than 600 products next year, including coal, naphtha and phosphate ore, the Finance Ministry said on Tuesday. ...
Tuesday, 15 December 09
NTPC'S COAL WOES UNLIKELY TO END SOON
State-owned power producer NTPC’s woes over shortages of coal may not end soon. Though the company is importing 12.5 million tonnes of coal&nb ...
Monday, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Australian Coal Association
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
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