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Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
.jpg) * SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports are expected to double to 100 million tonnes in three to four years on the back of growing power demand, boosting South Africa's exports, industry players said on Thursday.
McCloskey, mjunction Services, CBB Energy and Emirates Trading Agency estimate the Asian country imported between 43 million and 55 million tonnes of steam coal last year.
South Africa shipped 17.7 million tonnes of its coal to India, the world's third largest consumer of the commodity, with Asia in total taking 25.1 million tonnes.
This year the Asian continent is expected to become South Africa's primary coal export destination, with some analysts estimating up to 75 percent of the country's product will go east.
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“India's steam coal imports are expected to double to 100 million tons in three to four years” - Industry players
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"People are saying that 75 percent will be going east rather than west this year and that sounds very feasible," David Price, a coal forecaster at McCloskey consultancy, told Reuters on the sidelines of a coal exports conference.
There are already enquiries from India and China for far more coal than is available for the first quarter, making a scramble among buyers and a hike in prices inevitable, producers said.
Buyers at the conference declined to comment on price prospects.
Indian buyers have been waiting since October for South African prices to fall back to $50.00, but prices rose steadily in November and surged in December and early January to around $90.00 a tonne FOB Richards Bay.
Alexandre Levy, a Geneva-based trader at CBB Energy, said 32 percent of coal imports to India came from South Africa and 63 percent came from Indonesia. That is bound to change, he said.
"Indonesia dominates but South African coal has gained market share," he said.
India is a price rather than quality-driven market. End-users have switched to South African from Indonesian coal to a large extent because the delivered cost of South African coal has offered a saving of several dollars per tonne.
Viresh Oberoi, a managing director at Tata Steel-linked mjunction, estimates South Africa will supply India with some 25 million tonnes of coal by 2012 to feed its power, steel and cement industries, a figure others called conservative.
China, the world's largest producer which became a net importer this year after domestic coal became more expensive than imports, may also turn to the
“Offshore trans-shipment is a viable alternative in India because it is cheaper and faster to implement, is re-locatable and environmentally friendly"
- Sanjeev Mathur, ETA Dubai
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South African product.
In 2009, the Asian giant imported 1.4 million tonnes of South Africa's coal and is seen hungry for much more.
NO ROLLING STOCK
South African exports have been curbed at 61 million tonnes in 2009 due to rail transport limitations, but are seen rising to 65 million this year. In the medium term, logistics group Transnet hopes to raise its capacity to 81 million tonnes.
A lack of infrastructure and capacity at India's ports could also hamper the delivery of imported coal, with an estimated 55 percent of coal imports to be handled by minor ports with low draft and poor cargo off-loading facilities.
"Port development costs are prohibitive and time consuming, and are also not environmentally friendly. (But) offshore trans-shipment is a viable alternative because it is cheaper and faster to implement, is re-locatable and environmentally friendly," said Sanjeev Mathur, a general manager for transhipment at Dubai-based Emirates Trading Agency.
Source: Reuters
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Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...
Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays.
BDI INDEX
...
Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme.
"With th ...
Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...
Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
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- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- The University of Queensland
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
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