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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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Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...
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- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Wilmar Investment Holdings
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Economic Council, Georgia
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Aditya Birla Group - India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- MS Steel International - UAE
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- London Commodity Brokers - England
- The University of Queensland
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
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