COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.

“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
 

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.

Trading platform that even a 5 year old can trade. Join now

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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
Banpu Plc, Asean's largest coal miner, said its earnings surged to a record high of 14.23 billion baht last year, an increase of 54% on the previou ...


Thursday, 25 February 10
INDO / INDIA COAL TRIPS SUPRAS CAN ACHIEVE AROUND MID 10S - FEARNLEYS AS
Handy The  BSI  regained  positive  momentum  exactly  a  week  ago  and  the  Atlantic rema ...


Thursday, 25 February 10
STEEP RISE IN COAL IMPORTS REQUIRED TO POWER INDIA - MONEYLIFE
The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fisca ...


Wednesday, 24 February 10
CHINA IMPORTED 8.81 MLN TONS OF INDONESIAN COAL IN JANUARY 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons of coal last month, compared with 27.46 million tons in a ...


Tuesday, 23 February 10
TRENDS..... DRY BULK MARKET .... TRENDS
The dry bulk market was pulled along by the Capes this week, as fresh enquiry breathed temporary life back into the market. Short period rates also ...


   1193 1194 1195 1196 1197   
Showing 5971 to 5975 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Sucofindo - Indonesia
  • Power Finance Corporation Ltd., India
  • Coaltrans Conferences
  • Humpuss - Indonesia
  • GB Group - China
  • Riau Bara Harum - Indonesia
  • ASAPP Information Group - India
  • Jindal Steel & Power Ltd - India
  • Vedanta Resources Plc - India
  • WorleyParsons
  • IEA Clean Coal Centre - UK
  • Fearnleys - India
  • Latin American Coal - Colombia
  • The Treasury - Australian Government
  • Videocon Industries ltd - India
  • TGV SRAAC LIMITED, India
  • PetroVietnam
  • Kartika Selabumi Mining - Indonesia
  • KEPCO - South Korea
  • Essar Steel Hazira Ltd - India
  • Coal and Oil Company - UAE
  • Platou - Singapore
  • Moodys - Singapore
  • Heidelberg Cement - Germany
  • Argus Media - Singapore
  • ACC Limited - India
  • Arch Coal - USA
  • Maersk Broker
  • Deloitte Consulting - India
  • Wood Mackenzie - Singapore
  • Kobexindo Tractors - Indoneisa
  • Carbofer General Trading SA - India
  • Bangladesh Power Developement Board
  • GMR Energy Limited - India
  • Global Coal Blending Company Limited - Australia
  • Gresik Semen - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • Ministry of Transport, Egypt
  • Eastern Coal Council - USA
  • Meenaskhi Energy Private Limited - India
  • BNP Paribas - Singapore
  • Credit Suisse - India
  • SGS (Thailand) Limited
  • International Coal Ventures Pvt Ltd - India
  • Central Java Power - Indonesia
  • Indogreen Group - Indonesia
  • VISA Power Limited - India
  • Coal Orbis AG
  • Ernst & Young Pvt. Ltd.
  • KOWEPO - South Korea
  • Mitsubishi Corporation
  • Mjunction Services Limited - India
  • Indorama - Singapore
  • Directorate Of Revenue Intelligence - India
  • Alfred C Toepfer International GmbH - Germany
  • Coastal Gujarat Power Limited - India
  • Bhushan Steel Limited - India
  • SN Aboitiz Power Inc, Philippines
  • Krishnapatnam Port Company Ltd. - India
  • Global Green Power PLC Corporation, Philippines
  • Agrawal Coal Company - India
  • Jaiprakash Power Ventures ltd
  • Cosco
  • UOB Asia (HK) Ltd
  • Anglo American - United Kingdom
  • Samsung - South Korea
  • Borneo Indobara - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Electricity Authority, New Zealand
  • Eastern Energy - Thailand
  • Kaltim Prima Coal - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Clarksons - UK
  • bp singapore
  • Indo Tambangraya Megah - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Surastha Cement
  • Maharashtra Electricity Regulatory Commission - India
  • Intertek Mineral Services - Indonesia
  • Port Waratah Coal Services - Australia
  • PNOC Exploration Corporation - Philippines
  • Coeclerici Indonesia
  • JPower - Japan
  • Glencore India Pvt. Ltd
  • Tamil Nadu electricity Board
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Singapore Mercantile Exchange
  • Sical Logistics Limited - India
  • Grasim Industreis Ltd - India
  • Electricity Generating Authority of Thailand
  • Thermax Limited - India
  • Marubeni Corporation - India
  • UBS Singapore
  • World Coal - UK
  • Kohat Cement Company Ltd. - Pakistan
  • Gupta Coal India Ltd
  • Goldman Sachs - Singapore
  • Maybank - Singapore
  • Mitra SK Pvt Ltd - India
  • Noble Europe Ltd - UK
  • Bulk Trading Sa - Switzerland
  • EIA - United States
  • Permata Bank - Indonesia
  • Inco-Indonesia
  • Karaikal Port Pvt Ltd - India
  • Indian Energy Exchange, India
  • Vijayanagar Sugar Pvt Ltd - India
  • Gujarat Sidhee Cement - India
  • Tata Power - India
  • Chettinad Cement Corporation Ltd - India
  • Sojitz Corporation - Japan
  • Merrill Lynch Commodities Europe
  • Tata Chemicals Ltd - India
  • Sinarmas Energy and Mining - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Kumho Petrochemical, South Korea
  • Global Business Power Corporation, Philippines
  • Orica Australia Pty. Ltd.
  • OPG Power Generation Pvt Ltd - India
  • London Commodity Brokers - England
  • Mitsui
  • Uttam Galva Steels Limited - India
  • IMC Shipping - Singapore
  • IBC Asia (S) Pte Ltd
  • Xstrata Coal
  • SMG Consultants - Indonesia
  • Semirara Mining Corp, Philippines
  • Thiess Contractors Indonesia
  • ING Bank NV - Singapore
  • Rio Tinto Coal - Australia
  • Rashtriya Ispat Nigam Limited - India
  • Maheswari Brothers Coal Limited - India
  • Trasteel International SA, Italy
  • Shree Cement - India
  • Kapuas Tunggal Persada - Indonesia
  • Ministry of Finance - Indonesia
  • Bharathi Cement Corporation - India
  • SUEK AG - Indonesia
  • Mercator Lines Limited - India
  • Ambuja Cements Ltd - India
  • Shenhua Group - China
  • Meralco Power Generation, Philippines
  • World Bank
  • The State Trading Corporation of India Ltd
  • Karbindo Abesyapradhi - Indoneisa
  • Orica Mining Services - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Ceylon Electricity Board - Sri Lanka
  • Bhatia International Limited - India
  • Aditya Birla Group - India
  • Vale Mozambique
  • TRAFIGURA, South Korea
  • Price Waterhouse Coopers - Russia
  • Japan Coal Energy Center
  • PTC India Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • Indonesia Power. PT
  • McKinsey & Co - India
  • SASOL - South Africa
  • CoalTek, United States
  • Romanian Commodities Exchange
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • ETA - Dubai
  • ANZ Bank - Australia
  • Australian Commodity Traders Exchange
  • Minerals Council of Australia
  • Directorate General of MIneral and Coal - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Oldendorff Carriers - Singapore
  • Billiton Holdings Pty Ltd - Australia
  • LBH Netherlands Bv - Netherlands
  • Central Electricity Authority - India
  • Bukit Baiduri Energy - Indonesia
  • Wilmar Investment Holdings
  • Russian Coal LLC
  • Star Paper Mills Limited - India
  • Lanco Infratech Ltd - India
  • Siam City Cement - Thailand
  • Africa Commodities Group - South Africa
  • Cardiff University - UK
  • Deutsche Bank - India
  • IHS Mccloskey Coal Group - USA
  • Standard Chartered Bank - UAE
  • PLN Batubara - Indonesia
  • Energy Development Corp, Philippines
  • Bukit Makmur.PT - Indonesia
  • Parry Sugars Refinery, India
  • The University of Queensland
  • RBS Sempra - UK
  • GVK Power & Infra Limited - India
  • Thailand Anthracite
  • BRS Brokers - Singapore
  • Baramulti Group, Indonesia
  • Kideco Jaya Agung - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Thomson Reuters GRC
  • Formosa Plastics Group - Taiwan
  • Pipit Mutiara Jaya. PT, Indonesia
  • Idemitsu - Japan
  • Mintek Dendrill Indonesia
  • Vizag Seaport Private Limited - India
  • Edison Trading Spa - Italy
  • Leighton Contractors Pty Ltd - Australia
  • Inspectorate - India
  • Pendopo Energi Batubara - Indonesia
  • Coal India Limited
  • Cemex - Philippines
  • Coalindo Energy - Indonesia
  • Cargill India Pvt Ltd
  • Maruti Cements - India
  • HSBC - Hong Kong
  • EMO - The Netherlands
  • Larsen & Toubro Limited - India
  • Altura Mining Limited, Indonesia
  • Core Mineral Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Lafarge - France
  • Kobe Steel Ltd - Japan
  • Adani Power Ltd - India
  • Indian School of Mines
  • Timah Investasi Mineral - Indoneisa
  • India Bulls Power Limited - India
  • Holcim Trading Pte Ltd - Singapore
  • Xindia Steels Limited - India
  • Makarim & Taira - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • The India Cements Ltd
  • Indika Energy - Indonesia
  • Indian Oil Corporation Limited
  • OCBC - Singapore
  • Thai Mozambique Logistica
  • Parliament of New Zealand
  • Commonwealth Bank - Australia
  • Madhucon Powers Ltd - India
  • Energy Link Ltd, New Zealand
  • SRK Consulting
  • MS Steel International - UAE
  • Manunggal Multi Energi - Indonesia
  • MEC Coal - Indonesia
  • Peabody Energy - USA
  • IOL Indonesia
  • Petrosea - Indonesia
  • CIMB Investment Bank - Malaysia
  • Economic Council, Georgia
  • Medco Energi Mining Internasional
  • Chamber of Mines of South Africa
  • J M Baxi & Co - India
  • Sakthi Sugars Limited - India
  • Independent Power Producers Association of India
  • JPMorgan - India
  • Cement Manufacturers Association - India
  • Semirara Mining and Power Corporation, Philippines
  • Gujarat Electricity Regulatory Commission - India
  • PowerSource Philippines DevCo
  • ICICI Bank Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • GNFC Limited - India
  • Sindya Power Generating Company Private Ltd
  • KPMG - USA
  • CCIC - Indonesia
  • Total Coal South Africa
  • Barclays Capital - USA
  • Jatenergy - Australia
  • Toyota Tsusho Corporation, Japan
  • Infraline Energy - India
  • Qatrana Cement - Jordan
  • Thriveni
  • White Energy Company Limited
  • Mechel - Russia
  • TANGEDCO India
  • Georgia Ports Authority, United States
  • Bank of America
  • Pinang Coal Indonesia
  • Asian Development Bank
  • Panama Canal Authority
  • Arutmin Indonesia
  • Australian Coal Association
  • Attock Cement Pakistan Limited
  • Asia Cement - Taiwan
  • Therma Luzon, Inc, Philippines
  • GHCL Limited - India
  • Posco Energy - South Korea
  • Rudhra Energy - India
  • U S Energy Resources
  • Ind-Barath Power Infra Limited - India
  • Ministry of Mines - Canada
  • Simpson Spence & Young - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • NALCO India
  • Berau Coal - Indonesia
  • KPCL - India
  • Reliance Power - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Savvy Resources Ltd - HongKong
  • Bahari Cakrawala Sebuku - Indonesia
  • Aboitiz Power Corporation - Philippines
  • Adaro Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • New Zealand Coal & Carbon
  • Platts
  • globalCOAL - UK
  • Indonesian Coal Mining Association
  • Merrill Lynch Bank
  • TeaM Sual Corporation - Philippines
  • SMC Global Power, Philippines
  • APGENCO India
  • Metalloyd Limited - United Kingdom
  • Runge Indonesia
  • Bhoruka Overseas - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • McConnell Dowell - Australia
  • Straits Asia Resources Limited - Singapore
  • European Bulk Services B.V. - Netherlands
  • South Luzon Thermal Energy Corporation
  • Banpu Public Company Limited - Thailand
  • Tanito Harum - Indonesia
  • Mercuria Energy - Indonesia
  • Vitol - Bahrain
  • Bank of China, Malaysia
  • Planning Commission, India
  • Malco - India
  • Renaissance Capital - South Africa
  • NTPC Limited - India
  • Freeport Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • TNPL - India
  • Bayan Resources Tbk. - Indonesia
  • Barasentosa Lestari - Indonesia
  • Siam City Cement PLC, Thailand
  • Antam Resourcindo - Indonesia
  • CNBM International Corporation - China
  • Cebu Energy, Philippines
  • Globalindo Alam Lestari - Indonesia
  • CESC Limited - India
  • Interocean Group of Companies - India
  • San Jose City I Power Corp, Philippines
  • Dalmia Cement Bharat India
  • GAC Shipping (India) Pvt Ltd
  • TNB Fuel Sdn Bhd - Malaysia
  • Enel Italy
  • Malabar Cements Ltd - India
  • Britmindo - Indonesia
  • PLN - Indonesia
  • Salva Resources Pvt Ltd - India
  • Binh Thuan Hamico - Vietnam
  • Jorong Barutama Greston.PT - Indonesia
  • DBS Bank - Singapore
  • Petron Corporation, Philippines
  • Samtan Co., Ltd - South Korea
  • Ince & co LLP
  • Geoservices-GeoAssay Lab
  • Bukit Asam (Persero) Tbk - Indonesia
  • Bangkok Bank PCL
  • Sarangani Energy Corporation, Philippines