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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 - $109,9) a tonne, according to the Qinhuangdao Seaborne Coal Market.
The current price is about 37 percent higher than 540 yuan a tonne, the benchmark free-on-board term price offered by Shenhua, China's top coal producer.
Meanwhile, China's power generation in November rose 26,9 percent on the year, the fastest growth in nearly 4 years, as industrial activities continued to accelerate and cold weather spurred heating demand.
TOUGH YEAR AHEAD FOR UTILITIES
Power utilities, which just returned to profit this year due to lower coal prices, are again facing steep rises in production cost and coal miners with increasing negotiating power.
"There is an increasing monopoly in the coal industry, as the consolidation is pushing forward. But the power sector is still segmented," said an executive at a large power generating group.
China's five major power generating groups, including the parents of GD Power Development Co Ltd, China Power International, Datang International Power Generation Co Ltd, Huadian Power and Huaneng Power International, generate nearly half of national output.
"We can't do anything. If coal costs rise, we'll probably see sector-wise losses again," said the executive.
Beijing has cancelled the annual coal price negotiating conference and instead asked suppliers and users to complete deals within a month, while pledging to improve the power tariff pricing scheme and keep coal prices stable.
Source: Reuters / Mining weekly
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Friday, 28 August 09
JSW MAY BUY AFRICAN MINE FOR US$ 350
The Economic Times Reported that, The Sajjan Jindal-owned JSW Group is in advanced talks to acquire a coal mine in Swaziland, Africa, at an estimate ...
Friday, 28 August 09
COAL INDIA ALLOWED TO IMPORT COKING COAL
The government Thursday allowed the state-owned Coal India to import coking coal and high grade ash thermal coal by acquiring coal properties abroad ...
Thursday, 27 August 09
CIL TO SPEND US$ 1 - 1.5 BN TO ACQUIRE ASSETS IN 4 COUNTRIES
Business Standard reported that, "Coal India is looking to spend $1-1.5 billion in acquiring mining assets in Australia, Indonesia, South Afric ...
Wednesday, 26 August 09
INDIA'S JSW TO DOUBLE JAIGARH PORT CAPACITY TO 20 MT
Sea Trade Asia reported that, JSW Jaigarh Port, a wholly owned subsidiary of JSW Infrastructure & Logistics, plans to double cargo handling capa ...
Wednesday, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring ...
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- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- White Energy Company Limited
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Australian Coal Association
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Minerals Council of Australia
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Latin American Coal - Colombia
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
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