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Tuesday, 13 March 12
EUROPEAN COAL CONTANGO: FURTHER STEEPNESS REQUIRED TO MAKE LARGE SCALE PHYSICAL TIME SPREAD ARBITRAGE MORE ATTRACTIVE - MISWIN MAHESH, BARCLAYS CAPITAL
 COALspot.com - "With the contango between the Y+1 and M+1 ARA delivered contract now averaging above the $14/t level, there is an increasing interest among market participants on whether this would warrant a physical arbitrage of placing coal on storage now for deferred consumption to extract value from the curve", said Miswin Mahesh, a commodities analyst at Barclays Capital in London.
According to Miswin, the current contango however, is yet to incentivize a larger percentile of physical market players, given their limited access to cost efficient storage facilities (in contrast to utilities that have their own backyard). Infact for the wider spectrum of market players, current storage costs at the ARA ports average $15/t for a year, along with other costs associated with discharging from board onto barge, barge onto stock and re-loading from stock (that add another $7/t), while surcharges and other expenses add another marginal amount. The limited storage space available at these terminals also need to be accounted for.
"We would therefore expect opportunistic demand for the purpose of storage to be more attractive only if prices were to widen above the $ 20/t level. And given that the European coal markets are entering a seasonally lacklustre period for coal burn with ample stocks at the ARA discharging ports, while country specific instances such as the oncoming peak of the German renewable season is likely to challenge the call on coal fired generation further", he added further.
These factors are likely to keep prompt prices soft, and the contango is likely to remain steep through this quarter as well.
About Miswin Mahesh
Miswin Mahesh is a commodities analyst at Barclays Capital in London, specializing in the coal, freight and crude oil markets. Miswin is a graduate of the Duisenberg School of Finance in Amsterdam.
He graduated with a double masters, an MSc in Corporate Finance and Banking and a Masters degree in International Finance from the University of Amsterdam. Miswin builds his insight on international trade flows from his experience in the Middle East, India, Africa and Europe.
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Monday, 12 March 12
DRY BULK RATES WILL REMAIN LOW IN 2012 SAYS DANISH SHIP FINANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its annual shipping survey Danish Ship Finance said that the current outlook for the Dry Bulk market seems unlikely to foster higher rates in any ...
Monday, 12 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first days of March appear to be more encouraging for dry bulk operators, but the outlook is still gloomy for the rest of year with earnings for ...
Sunday, 11 March 12
FREIGHT RATES FOR INDONESIA TO INDIA WILL CONTINUE TO REMAIN FIRM- VISTAAR
COALspot.com - This week saw another upward trend with all indices up except for the Cape index.
The BDI was up by 6.87 pct closing at 824 points ...
Friday, 09 March 12
MINING IN INDONESIA: RESTRICTION ON FOREIGN INVESTMENT - SUNIL K KUMBHAT
COALspot.com - Recently Govt has passed regulation instructing foreign mining companies to reduce their ownership stake.
The regulation known as ...
Friday, 09 March 12
SHIP OWNERS LOOKING TO CHINA FOR REVIVAL, WHILE THEY KEEP SELLING OLD SHIPS FOR SCRAP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With China’s economic policy plan for the future on every ship owner’s mind, at least those involved in the dry bulk industry, the lates ...
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Showing 4811 to 4815 news of total 6871 |
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- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- White Energy Company Limited
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Deloitte Consulting - India
- MS Steel International - UAE
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- The University of Queensland
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
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