We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 20 August 09
INDONESIA'S DELTA DUNIA BUYS COAL FIRM FOR $550 MLN
* Delta Dunia to acquire BUMA for $550 million
* Expect to complete the deal in the fourth quarter of 2009
* Delta Dunia has appointed Barclays Ca ...
Thursday, 20 August 09
MUNDRA PORT BAGS MORMUGAO PORT COAL TERMINAL DEVELOPMENT CONCESSIONS
NDTV reported that, Mundra Port and Special Economic Zone (Mundra Port) the largest private port in India has won the bid for the development of coa ...
Thursday, 20 August 09
INDONESIA'S BUKIT ASAM SET FOR MINE ACQUISITIONS
* Allocates $150 million for coal mine acquisitions
* Expects one deal to be completed by the end of 2009
Reuters world's largest international ...
Thursday, 20 August 09
INDONESIAN COAL EXPORT LESSENS IN FIRST SEMESTER
Domestic coal use has grown by five million tons.
Viva News reported that, Domestic coal export up until the first half of 2009 decreased by four ...
Wednesday, 19 August 09
STEAM COAL PRICES ARE SINKING - THE GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com (German): Oversupply in the World Market. In 2Q 2009 the steam coal prices sank massive in comparison to the previous years quart ...
|
|
|
Showing 6486 to 6490 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- White Energy Company Limited
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- The University of Queensland
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
|
| |
| |
|
