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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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Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
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- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Planning Commission, India
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- White Energy Company Limited
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- The University of Queensland
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
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