Coal prices have risen 30 per cent from their low in March. However, for the second half of 2009, there are still risks of tight coal supply. In China, many domestic producers have arbitraged the low offshore prices with higher onshore prices, which has made demand look stronger than it was. So, correction is expected in the new two months. However, strong demand for thermal coal in China and India is expected to help Asia avoid the first fall in imports for a decade this year, and push import growth even higher in 2010.
American Electric Power Co Inc’s 690-megawatt Oklaunion coal-fired power station in Texas shut June 19-20. For full story, click here
The Coal India Limited has directed the chief general manager and officers of the Hurra C Project to expedite the process of coal output to meet the increasing requirement of its thermal power station. For full story, click here
Rio Tinto’s Chapudi coal project in South Africa, with estimated resources of 1 billion tonnes, is studying the possibility of supporting a power station to ease electricity shortages. For full story, click here
American Electric Power Co Inc. has planned to restart the 528-megawatt Unit 1 at the Welsh coal-fired power station in Texas on May 7-11. For full story, click here
Monday, September 21, 2009