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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, 29 October 09
PTC INDIA UNIT CHASES 2.5 MTPA INDONESIAN COAL
Reuters reported that, PTC Energy is in talks with an Indonesian firm to source 2.5 million tonnes per annum (MTPA) coal for its 350-400 MW power to ...
Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports a ...
Thursday, 29 October 09
CURRENCIES, ASIA DEMAND TO LIFT EUROPE COAL PRICE
Supportive currency movements and strong Asian demand mean the price of coal delivered into Europe is poised to rise more than 30 percent to above $ ...
Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a ...
Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
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- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
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