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Monday, 11 June 12
ASIAN COAL TRADING COMMUNITY EMBRACES API 5 AND API 8
Press Release - The Asian coal trading community is embracing the API 5 and API 8 indexes for its swap contracts.
The API 5 index represents 5,500 kcal/kg NAR (net as received), high-ash coal shipped from Australia and the API 8 index represents 5,500 kcal/kg NAR coal delivered to south China. Major brokers such as Tullett Prebon, Marex Spectron and Ginga Petroleum started offering trades against the indexes from the beginning of this month.
The indexes were launched jointly by global energy price reporting agency Argus and IHS McCloskey at the beginning of May 2012, and have quickly gained the confidence of the coal trading community as a reliable, independent benchmark for contracts.
Argus Media chairman and chief executive Adrian Binks said: “We are delighted to hear that many market participants are moving to the Argus/IHS McCloskey API 5 and API 8 indexes for use in their contracts. Our API 2 and API 4 price assessments are extensively used throughout the world for pricing and we are pleased that the API 5 and 8 indexes are already being adopted by the market.”
IHS publisher John Howland said: “The South China 5,500kc NAR cfr market is probably the most closely watched coal metric with its influence on global markets profound. It is also the major market for high ash Australian coal, so it makes sense that swaps that settle against the API 5 and API 8 indexes are now being brokered together.”
Argus and IHS McCloskey publish a series of API indexes, which are used for 90pc of the world’s internationally traded coal derivatives. All the API indexes are calculated by averaging the relevant Argus and IHS McCloskey assessments/markers. The IHS McCloskey marker used in the API 8 is the IHS McCloskey/Xinhua Infolink South China (5,500kcal/kg NAR) marker.
The methodologies used to derive the Argus and IHS McCloskey prices are available online at www.argusmedia.com/methodology and www.mccloskeycoal.com.
Source: Argus Media Group
About Argus
Argus Media is a leading provider of price assessments, business intelligence, market data, consultancy and conferences on the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, fertilizer and transportation industries. Argus energy and fertilizer prices are widely used by leading companies, governments and international agencies as benchmarks in supply contracts, risk management and planning.
Argus is headquartered in London and has more than 400 staff in offices in Houston, Washington, New York, Portland, Calgary, Santiago, Bogota, Rio de Janeiro, Singapore, Beijing, Tokyo, Sydney, Dubai, Moscow, Astana, Kiev, Porto, Brussels, Johannesburg and other key centres of the energy industry. Argus was founded in 1970 and is a privately held UK-registered company.
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Friday, 01 June 12
ADARO BUYS MAJORITY STAKE IN AFFILIATED BHAKTI ENERGI - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk entered into an option to provide a convertible loan of up to US$500 million for a period of 3 ye ...
Thursday, 31 May 12
DRY BULK MARKET UNABLE TO FIND NEW SUPPORT TO REACH HIGHER LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been unable to find new support and recover to higher levels during these past few days. As a result, the Baltic Dry Index ( ...
Wednesday, 30 May 12
ORPHEUS RAISES $2.24M TO ADVANCE INDONESIAN COAL PRODUCTION ASSETS
• $2.24 million raised from a placement to new and existing institutional and sophisticated investors from Australia and overseas
• Funds ...
Wednesday, 30 May 12
ARPENI SECURES TRANSSHIPMENT CONTRACT FROM BARUNA DIRGA
Insider Stories reported that, shipping operator PT Arpeni Pratama Ocean Line Tbk (APOL) has secured a 1-year coal transhipment contract of 4 millio ...
Monday, 28 May 12
COAL EXPORTS ARE JUMPING HIGHER, BUT PRICES ARE FALLING LOWER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31.86* million tons of coal in April 2012, compared to 30.64* million tons i ...
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- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- MS Steel International - UAE
- White Energy Company Limited
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
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