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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

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 ...


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 ...


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