We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 17 December 09
THE 6TH CLEAN ENERGY FORUM - CLEAN COAL 2010
COALspot.com (China) - Press Release: The 6th Clean Energy Forum--Clean Coal 2010 January 27-29, 2010 Renaissance Tianjin Teda Hotel And Conven ...
Thursday, 17 December 09
JFE STEEL INVESTS $555 MILLION IN AUSTRALIA COAL MINE
JFE Steel Corp., Japan’s second- largest producer, will invest 50 billion yen ($555 million) in a coal mine in Queensland, Australia, includin ...
Thursday, 17 December 09
CHINA, INDIA DEMAND MAY BOOST THERMAL COAL PRICE, JPMORGAN SAYS
Demand for thermal coal from China and India may boost prices of the fuel to $80 a metric ton next year amid reduced supplies and lower inventories, ...
Thursday, 17 December 09
RBCT PROBLEMS TO CAUSE STEAM COAL PRICE SPIKE IN Q1
Bugs in the new computer system at South Africa's Richards Bay Coal Terminal and persistent rail problems will make it impossible for exporters to ...
Thursday, 17 December 09
CIL TO IMPORT 4 MILLION TONNES COAL FOR NTPC
The country's largest coal miner Coal India Ltd (CIL) will import 4 million tonnes of coal for state-run power company NTPC.
"Earlier, ther ...
|
|
|
Showing 6161 to 6165 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
|
| |
| |
|
