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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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Saturday, 17 October 09
US COAL MINERS LOOKING AT LOWER PROFITS
Most US coal miners are looking at sharply lower third-quarter earnings, but those that produce coal for steelmaking and export should enjoy higher ...
Friday, 16 October 09
INDONESIA EXPORTED 19,194,857 MT OF COAL IN SEPTEMBER 2009 - SOURCES
COALspot.com (Indonesia): Indonesia exported 19,194,857 MT of coal in September 2009. Out of total exported quantity, South Korea imported abou ...
Friday, 16 October 09
NAVIGATING THROUGH STORMY WATERS
To Theodore E Veniamis, the President of the Union of Greek Shipowners, the current turmoil in world shipping is due to the cyclical nature of marit ...
Friday, 16 October 09
COAL INDIA RAISES PRICE BY 11%
Trak reported that, State-owned Coal India Ltd (CIL) has raised the price of coal produced by its subsidiaries by an average of 11 percent effective ...
Thursday, 15 October 09
SOUTH AFRICAN MINING COMPANY ACCEPTED $92 MILLION BID FOR COAL MINE STAKE IN SIYANDA COAL
Paguntaka reported that, Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million ...
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- Australian Coal Association
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
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