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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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Friday, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
Banpu Plc, Asean's largest coal miner, said its earnings surged to a record high of 14.23 billion baht last year, an increase of 54% on the previou ...
Thursday, 25 February 10
INDO / INDIA COAL TRIPS SUPRAS CAN ACHIEVE AROUND MID 10S - FEARNLEYS AS
Handy
The BSI regained positive momentum exactly a week ago and the Atlantic rema ...
Thursday, 25 February 10
STEEP RISE IN COAL IMPORTS REQUIRED TO POWER INDIA - MONEYLIFE
The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fisca ...
Wednesday, 24 February 10
CHINA IMPORTED 8.81 MLN TONS OF INDONESIAN COAL IN JANUARY 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons of coal last month, compared with 27.46 million tons in a ...
Tuesday, 23 February 10
TRENDS..... DRY BULK MARKET .... TRENDS
The dry bulk market was pulled along by the Capes this week, as fresh enquiry breathed temporary life back into the market. Short period rates also ...
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Showing 5971 to 5975 news of total 6871 |
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- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- The University of Queensland
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Planning Commission, India
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
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