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Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three price indexes for coking coal. Coking coal is the fastest growing and most volatile segment of the worldwide coal industry and the indexes are the first of their kind.
"After months of discussions with coal producers, traders and buyers, we have put together a suite of price indexes for coking coal," said Forrest Hill, president of Energy Publishing. "Indexes have been used to price steam coal contracts and short-term sales and derivatives for about 10 years, but coking coal has, in the past, proved resistant to indexing."
Energy Publishing's three indexes are:
-CCQ , based on premium hard coking coal shipped from Queensland, Australia.
-CCH-LOW, based on premium low volatile coking coal shipped from United States' east coast.
-CCH-HIGH, a Type "A" high volatile coking coal, also shipped from the U.S. east coast.
"The difficulty in developing a coking coal index has been the variability of coking coal and the view that value of a given coal varies depending on where it is being used," Hill said.
Two factors have now made an index practical.
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“The difficulty in developing a coking coal index has been the variability of coking coal and the view that value of a given coal varies depending on where it is being used” - Forrest Hill
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Foremost is the interest in short-term pricing by BHP Billiton and several other large producers of coking coal. BHP Billiton has been pushing hard to convert all of its sales to short-term pricing, and the world of coal is rapidly moving in that direction. The second factor is the progress made by Energy Publishing in developing a set of specifications that define three coals generally agreed to be at the top of the market.
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Energy Publishing has unique access to data on mine-by-mine quality measures and historical prices that have made the development of a realistic and usable index a reality. Building the index was done in conjunction with Doyle Trading Consultants of New York, which helped develop the methodology.
"The negotiations now going on between the Australians and their major customers in Japan are expected to result in a significant portion of the total tonnage moving from annual to quarterly pricing," Hill said. "And, many expect prices to move to even shorter terms in the near future. Short term pricing will be difficult to administer without a reliable coking coal price index, so the publication of the new indexes comes at a critical juncture for coal markets." (PRNewswire)
Source: Commodity Online
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Monday, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS
Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures w ...
Sunday, 14 March 10
CHINESE COAL PRICE MAY RISE TO TRADE NEAR SPOT, MACQUARIE SAYS
Bloomberg reported that, Steel mills in China, the world’s biggest producer of the alloy, may pay more for domestic coking coal this year as d ...
Sunday, 14 March 10
THERE IS NO INDICATION OF SLOWING DOWN OF IRON ORE AND COAL IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com: The dry bulk freight market continued the upward trend and the BDI closed 8.14 pct this week.
The Cape index up by 10.32 pct ...
Saturday, 13 March 10
INDONESIA COAL EXPORTS DROP IN FEBRUARY
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons in January 2010 which fell slightly to 22.89 mln ton of coal i ...
Saturday, 13 March 10
INDONESIA TELLS BUKIT ASAM TO DITCH PARTNER IN SUMATRA RAILWAY UNLESS PROJECT STARTS
The Jakarta Globe reported that, the Indonesian government has urged state-owned miner PT Tambang Batubara Bukit Asam to look for new partners to he ...
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- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- The University of Queensland
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- GVK Power & Infra Limited - India
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