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Tuesday, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND


Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from China because of government stimulus measures and cold weather.

Australia’s fourth-biggest bank increased its contract coal price forecast for the year beginning April 1 to $95 a metric ton from $80, Melbourne-based head of commodity research, Mark Pervan, said in an e-mailed note today.

Freezing temperatures and snowfall have forced Beijing, Shanghai, and other regions in China to limit electricity use to guarantee power needed for heating. The country posted a record level of coal-fueled power generation in November because of energy-intensive government stimulus measures and the onset of the coldest winter in 60 years, Pervan said. To read more Bloomberg



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Recent News

Thursday, 14 January 10
INDONESIA POWER REDUCES COAL SUPPLY
PT Indonesia Power will reduce coal supplies from PT Tambang Batu Bara Bukit Asam to its Suralaya Power Plant. "The coal supply for the plant s ...


Thursday, 14 January 10
INDIANS RESUME S. AFRICA COAL BUYING AGAINST INDEX - REUTERS
Indian trade buyers have resumed buying of South African prompt coal cargoes after a two-month hiatus but are opting for index-linked pricing, hopin ...


Wednesday, 13 January 10
STEAMING COAL SUPPLY SPOT CONTRACT FOR TAEAN POWER PLANT
COALspot.com (South Korea): Korea Western Power Co., Ltd is looking for total 1.12 million tons of Bituminous Coal for TAEAN Power Plant. Accord ...


Wednesday, 13 January 10
INDONESIA ISSUES COAL, METAL DECREE
Indonesia has issued a ministerial decree which requires metal and coal miners to set aside a certain amount of their production for domestic needs, ...


Wednesday, 13 January 10
RESTING TIME FOR INDONESIAN COAL LOADING VESSELS
COALspot.com (Indonesia): 11 - 15  vessels are waiting in anchorages of Muara Berau and Tanjung Pemancingan to load total about 700,000 – ...


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