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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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Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
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- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- The University of Queensland
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Economic Council, Georgia
- ICICI Bank Limited - India
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
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