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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, 06 January 10
BUMI SHARES UP AS OVERALL PERFORMANCE BEATS PREDICTIONS
The world’s largest thermal coal exporter PT Bumi Resources saw its shares jump 10 percent to Rp 2,675 ($29 US cents) on Tuesday after the com ...
Wednesday, 06 January 10
INDIA MAY HAVE BECOME TOP BUYER OF SOUTH AFRICAN COAL
India may have overtaken Europe for the first time as the biggest purchaser of South African coal in 2009, according to Raymond Chirwa, Richards Bay ...
Wednesday, 06 January 10
COAL PEAK RECEDES INTO THE FAR DISTANCE
COALspot.com (German): Coal will be available to mankind as an energy source for the next 120 years.
The German Coal Importer Association has ca ...
Tuesday, 05 January 10
SUPRAMAX MARKET REMAINED QUIET OVER THE LAST 10 DAYS BRS - DRY BULK
Despite a damp end to the year for bulk rates, shipping has weathered the storm far better than was initially expected in the wake of the financ ...
Tuesday, 05 January 10
WINTER WEATHER SPIKES COAL PRICES - CHINA UPDATE
Cold weather is driving coal prices higher and will lend the advantage in annual negotiations to suppliers, analysts said, predicting that the risin ...
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- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- VISA Power Limited - India
- The Treasury - Australian Government
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- The University of Queensland
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
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