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Thursday, 11 March 10
COAL PRICES SET TO RISE AMID CONFUSION OVER QUARTERLY SYSTEM
 Trading room reported that, Coal prices are tipped to rise in coming months amid constrained supply and ongoing Chinese demand, and analysts are confused about whether a quarterly pricing system for coking coal will be permanently adopted.
Analysts expect coal pricing will be a lot more complicated in the 2010 Japanese financial year (JFY) starting April 1, when quarterly pricing for hard coking coal will be used for the first time.
The BHP Billiton Mitsubishi Alliance (BMA) has secured quarterly pricing for a significant portion of its hard coking coal volumes in JFY2010, understood to be starting at $US200 a tonne, RBS Morgans Ltd said in a research note on Thursday.
Patersons analyst Andrew Harrington said it remains to be seen whether quarterly pricing for coking coal will continue thereafter.
"You normally only have annual pricing settlements and this year, you've got a very big push and it looks like a successful push from BHP Billiton to get quarterly pricing," Mr Harrington told AAP.
"I was very sceptical that they would be able to succeed at that.
"There is very little liquidity in the spot market - there's very little trading in the spot market for coking coal - so I find it a little bit hard to understand how they would be able to get a quarterly marker from which to base the pricing every quarter.
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“coal pricing will be a lot more complicated in the 2010 Japanese financial year (JFY) starting April 1, when quarterly pricing for hard coking coal will be used for the first time”
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"The question remains as to whether this has been accepted for the future. "A quarterly system might still be under serious debate.
"It may be that a year from now, things will look just as confused. "This year is a completely different year from any other year in the coking coal market."
BHP Billiton has also long pushed for quarterly iron ore pricing. RBS Morgans said detail on BHP Billiton's quarterly coking coal pricing arrangement was limited, but it expected some independent producers to follow BMA's lead.
This "would lead to more variability in achieved earnings than we are used to" the broker said.
RBS Morgans expects a base case of $US220 per tonne for hard coking coal on an annual basis. Mr Harrington said he expected hard coking coal would cost US$200 a tonne for the quarter from April 1 to June 30.
"But there have been rumours that annual pricing into Japan is at a higher level. "The number I've heard is $US240 a tonne." Coking coal was priced at $US128 a tonne in JFY2009.
Source: Trading Room By Rebecca Le May
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Tuesday, 09 March 10
STRONG REBOUND IN ALL THE DRY BULK SEGMENTS THIS WEEK
There was a strong rebound in all the dry bulk segments this week, leading to an 18% jump in the Baltic Dry Index.
The Cape and Panamax markets s ...
Tuesday, 09 March 10
L&T POWER EYEING COAL MINES IN AUS, INDONESIA
L&T Power Development Company, a part of the Larsen & Tubro Group, plans to acquire coal mines in Australia and Indonesia, a top company off ...
Tuesday, 09 March 10
BHP AGREES SHORTER-TERM COAL DEALS WITH EUROPEAN, ASIAN CUSTOMERS
Diversified miner BHP Billiton on Monday reported that it had reached sales terms for a significant portion of its hard coking coal volumes for 2010 ...
Monday, 08 March 10
KPCL TO IMPORT 0.9 MILLION TON OF 6000 GCV COAL
COALspot.com: India's Karnataka Power Corporation Ltd is seeking to import 0.9 million metric tons of 6000 kcal/kg (adb) Gross Calorific Value stea ...
Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
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Showing 5951 to 5955 news of total 6871 |
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- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Planning Commission, India
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
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