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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, 08 October 09
MINING TO ATTRACT $6B: BKPM
The Jakarta Post reported that, Indonesia’s mining sector could expect investment of up to US$6 billion in the 2010-2012 period, in part becau ...
Thursday, 08 October 09
INDIA DEMAND TO HELP DIRE COAL OUTLOOK - MACQUARIE
Reuters reported that, Macquarie Securities said on Wednesday its bearish short-term outlook on thermal coal may begin improving in a year's time o ...
Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 103,272,401) ORISSA PROJECT
The firm will develop and operate the terminal at Paradip port; the contract will stretch up to 30 years
Live Mint reported that, Essar Shipping ...
Wednesday, 07 October 09
ESSAR, JINDAL IN TAKEOVER TUSSLE FOR AUSTRALIAN COAL MINER
Reuters reported that, Privately owned Essar Group has launched a surprise A$144.2 million ($128.1 million) bid for Australian coal minnow Rocklands ...
Wednesday, 07 October 09
ADARO SECURES $500 M LOAN
The Jakarta Post reported that, The country's second largest coal producer, PT Adaro Energy announced on Wednesday that it has secured US$500 milli ...
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- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- London Commodity Brokers - England
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Parliament of New Zealand
- The University of Queensland
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
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