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Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
 The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which majority of steel makers sign long-term agreement with suppliers, said senior executives of two large steel companies.
This, in turn, would increase the production cost and may adversely affect the bottom-line of steel producers unless they pass on the incremental cost to the consumers, said a senior executive of a leading steel maker.
There are couple of reasons for the price rise, said JSW Steel joint managing director Seshagiri Rao. “Due to economic crisis of 2008, many mines in Australia, which are dominant in coking coal, have shut down. This has resulted in sharp decline in supply of coking coal in comparison to early 2007,” he said. Domestic steel producers largely import coking coal from Australia.
In addition to the supply constraint, demand for coking coal from China, which was so far going slow on steel production, has again picked up, Rao said.
Due to the global economic slowdown, coking coal prices (long term and spot) had come down to less than half in April 2009 in comparison to the previous year. In April 2009, domestic steel makers had entered into long term agreement with overseas suppliers for coking coal at around $130 per tonne as against $300 per tonne in the previous year.
The spot price for the coking coal have come down to $180/tonne from a high of $400/tonne in April 2008. Spot prices of coking coal have, however, again started moving up.
As a result, steel producers such as Steel Authority of India (Sail), Tata Steel and JSW may land up signing long term agreements for coking coal at around $145-150 per tonne in April when these long term agreements will come for renewal.
“Indications show that there could be a marginal hike in long-term contracts’ prices for coking coal next year. The prices hike will also bridge the vast gap between long term and spot market prices,” said a senior SAIL executive. India’s largest steel maker Sail consumes 10 million tonne of coking coal every year and is largely dependant on Australia and the US for imports.
JSW Steel consumed 4.5 million tonne of coking coal this year and the requirement will further go up to 5 million tonne next year.
Source: Economic Times
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Saturday, 09 January 10
THE FAR EAST MARKET STARTED TO STABILIZE - FEARNLEYS
Handy
The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...
Saturday, 09 January 10
IMPORTED, LOCAL COAL TO BE MIXED IN POWER DRIVE
The government is likely to create a pool price of coal, wherein imported coal and Indian coal could be mixed, making the imported coal becomes more ...
Friday, 08 January 10
SA COAL PRICES TO SPIKE ON RESUMED INDIA BUYING
South African coal prices are set for another price surge to over $100 a ton FOB as Indian and Chinese buyers compete for limited prompt supply, pro ...
Friday, 08 January 10
COLOMBIAN COAL STARTS TO MOVE TO CHINA - TRADERS
* Producer sells cape cargo Colombian coal to China
* Firm bids in freight market
* More shipments expected
Colombian coal is starting to move ...
Thursday, 07 January 10
PT. BUKIT ASAM TO BUILD NEW COAL LOADING TERMINAL AND COAL LOADER
COALspot.com (Indonesia): PT Bukit Asam (Persero) Tbk, Indonesia’s state owned coal mining company, is planning to build an additi ...
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- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
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- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
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- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Planning Commission, India
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
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- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
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