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Tuesday, 05 January 10
WINTER WEATHER SPIKES COAL PRICES - CHINA UPDATE
Cold weather is driving coal prices higher and will lend the advantage in annual negotiations to suppliers, analysts said, predicting that the rising price will lead to more upstream mergers and acquisitions of power companies with coal suppliers.
Many of China's southern provinces, including Jiangsu, Hubei and Anhui, face power constraints, China Business News reported Monday. Current coal prices as of Monday grew between 4-9 percent over last week, said Huang Peilin, head of www.cctd.com.cn, the official coal transport and distribution information provider.
The Shanxi Datong reserve increased coal prices Monday by 20 percent from early December to 550 yuan ($80.53) per ton, while coal prices at the benchmark Qinhuangdao port went up more than 30 percent over the same period a year earlier, according to China Coal Information.
Cold weather resulted in rising power demand and coal consumption. Coal reserves in China's southern provinces are at a less than 10-day supply, compared with a normal inventory of 10-20 days, said Cao Yin, an energy and power sector analyst at Frost & Sullivan, a consulting firm.
The low inventory is due to unexpected pent-up power consumption following China's strong economic recovery. Electricity consumption grew 20-30 percent in December month-on-month from 6 percent in June, he said.
Many southern provinces rely on hydropower, but the dry winter season means they must use coal for power production, Huang said.
China's power companies used to import coal from overseas due to lower prices. However, the increasing demands of other economies are driving the international price closer to the domestic price, Cao said. Coal from Australia delivered to Guangdong ports stood at $100 per ton Monday, driving power companies back to domestic suppliers.
The cold weather has also hampered transportation by train and ship from coal reserves in China's midwest region to power plants in the east and coastal areas, Cao said.
The soaring prices could make it hard for power companies to strike a deal with coal suppliers for this year's annual contract, he said. Power companies and suppliers typically sign year-long contracts at less than the market price, but many suppliers have hesitated to sign such long contracts due to the fluctuation of coal prices, Cao remarked.
On the other hand, State power companies have difficulty in passing rising costs on to users, so they can't compromise either, which has led to demand often being only partially met almost every year, Cao said. To read more Alibaba
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Thursday, 07 January 10
RAMKY PLANS COAL MINING IN INDONESIA
Ramky Infrastructure Limited, a Hyderabad-based integrated infrastructure construction and development management company with strategic emphasis on ...
Thursday, 07 January 10
INDONESIAS COAL OUTPUT MAY RISE TO 309 MILLION TONS IN 2014 - BLOOMBERG
Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-gene ...
Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE
Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 200 ...
Wednesday, 06 January 10
CHINA-AUSTRALIA INVESTMENT TIES SEEN IMPROVING IN 2010
Australia and China showed a united front in a bid to improve investment ties as they signed a $3-billion coal deal on Wednesday, following a rocky ...
Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.
Bambang Setiawan, the director general of mineral r ...
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- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Marubeni Corporation - India
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
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