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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 - $109,9) a tonne, according to the Qinhuangdao Seaborne Coal Market.
The current price is about 37 percent higher than 540 yuan a tonne, the benchmark free-on-board term price offered by Shenhua, China's top coal producer.
Meanwhile, China's power generation in November rose 26,9 percent on the year, the fastest growth in nearly 4 years, as industrial activities continued to accelerate and cold weather spurred heating demand.
TOUGH YEAR AHEAD FOR UTILITIES
Power utilities, which just returned to profit this year due to lower coal prices, are again facing steep rises in production cost and coal miners with increasing negotiating power.
"There is an increasing monopoly in the coal industry, as the consolidation is pushing forward. But the power sector is still segmented," said an executive at a large power generating group.
China's five major power generating groups, including the parents of GD Power Development Co Ltd, China Power International, Datang International Power Generation Co Ltd, Huadian Power and Huaneng Power International, generate nearly half of national output.
"We can't do anything. If coal costs rise, we'll probably see sector-wise losses again," said the executive.
Beijing has cancelled the annual coal price negotiating conference and instead asked suppliers and users to complete deals within a month, while pledging to improve the power tariff pricing scheme and keep coal prices stable.
Source: Reuters / Mining weekly
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Wednesday, 23 September 09
TATA POWER TO COMMISSION 2 UNITS OF MUNDRA UMPP BY FEB 2012
Business Standard reported that, the country's largest private power producer Tata Power today said it would commission 1,600 MW capacity of its 4, ...
Wednesday, 23 September 09
NAVA BHARAT TO ADD 300MW CAPACITY, RAISE RS1,386 CRORE (US$ 289,674,610)
The firm plans to place orders for equipment by the end of October and commission both the plants by April 2012 to sell power in the open market
...
Tuesday, 22 September 09
ASIA COAL-PRICES TOPS $70 AS TRADERS SEEK BARGAINS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, rose for the second week to top $70 a tonne this week, clawi ...
Tuesday, 22 September 09
QINHUANGDAO COAL PRICES SURGE ON STRONG DEMAND
People's Daily Online reported that, Coal prices at Qinhuangdao port, China's largest coal port, witnessed the sharpest increase in the year last ...
Tuesday, 22 September 09
SHORT PERIOD RATE FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI just dropping by about 5 pct to 2,356 points last week. The change ...
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- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Parliament of New Zealand
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- The University of Queensland
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Planning Commission, India
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
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