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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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- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Minerals Council of Australia
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- GMR Energy Limited - India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Anglo American - United Kingdom
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
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