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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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Monday, 14 September 09
BOOM FORECAST FOR COAL OUTPUT
SMH.com reported that, A COAL investment boom is driving Australian production to new peaks even as our biggest export markets shift towards cleaner ...
Sunday, 13 September 09
COAL INDIA MAY ACQUIRE ASSETS OF RIO TINTO
Coal India’s plan to acquire overseas mining assets is gathering steam. After a breakthrough in Mozambique, the coal behemoth has received&nbs ...
Saturday, 12 September 09
THE INDIA / FAR EAST SEEMS WILL CONTINUE TO BE SOFT UNTIL THE IRON ORE MOVEMENTS PICKS UP - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market continued to be stable at almost as same levels as last week and the BDI was at 2,468 points.
...
Saturday, 12 September 09
GOVT REQUESTS MORE TIME TO ACQUIRE 21% SHARES IN NNT
The Jakarta Post reported that, the government plans to request a postponement for the acquisition of 21 percent shares in PT Newmont Nusa Tenggara ...
Saturday, 12 September 09
INDONESIAN CO KEEN ON TRADING COAL FOR EQUITY IN POWER PROJECTS
Though most large power project promoters have their own mines in Indonesia, MEC is confident of convincing Indian companies as its price is quite a ...
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- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
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