We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
 * Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of the country's spot imports are trying to cope with the recent rise in prices by index-pricing and substituting Indonesian for some South African coal, traders said on Tuesday.
India took more than 30 percent of South Africa's 60 million tonnes of coal exports in 2009 and any change in Indian buying patterns can have a significant impact on spot prices.
South African coal spot prices rose in early January to around $85.00 a tonne FOB Richards Bay from $60.00 in November on a surge of Chinese buying.
|
“South African coal spot prices rose in early January to around $85.00 a ton FOB Richards Bay from $60.00 in November on a surge of Chinese buying”
|
This prompted Indian buyers to withdraw from the market but they have since returned to buy heavily and ask for cargo shipments to be advanced, producers and traders said.
"The Indian market was extremely quiet for a few months but the need for South African coal was still there, they just didn't like the prices," one supplier said.
"But they are all asking sellers for index prices and prepared to pay a premium above the API4 index rather than us asking them to index-link, which is unusual," he added.
Indian traders typically prefer fixed prices rather than prices which float with the weekly API4 index but when they do buy against the index, they mostly do not hedge to control their price risk.
"Prices are starting to soften slightly so right now indexing makes sense," one major Indian trader said.
GAMBLE
"But it's not the Indian end-users who are taking the risk, it is us, the traders, as usual with all the risk," he added.
If prices do not fall by at least a few dollars, Indian traders could make heavy losses by buying on floating prices and selling at fixed prices to consumers, suppliers said.
"They're taking a big punt again, it's a gamble. What it is they don't want to be paying $80.00-$85.00 a tonne FOB now but they'll pay a premium assuming the index will have fallen by the time the coal is shipped," another supplier said.
Prices have dipped by around $4.00-$5.00 a tonne during the past week and are set to fall further until early March, after the Chinese New Year holiday, Indian traders said.
The softening in South African prices seen during the past week has also encouraged Indian importers to replace some coal with Indonesian material, Indian traders said.
"Not all consumers want Indonesian, many of them prefer the quality and consistency of South African but with the price unstable, South African is taking a bit of a back seat right now and people are buying more Indonesian," another Indian trader said.
End-users are also waiting for further South African price falls before issuing their regular spot tenders, traders said.
Source:Reuters
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 13 February 10
INDONESIA ISSUES NEW MINING REGULATIONS
Indonesia has issued two new regulations under its mining law to allow firms to start obtaining mining permits, in a move that should increase certa ...
Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
|
|
|
Showing 6001 to 6005 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Australian Coal Association
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Parliament of New Zealand
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
|
| |
| |
|
