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Saturday, 23 June 12
COAL PRICES APPETITE FOR ROLLER-COASTER RIDES
COALspot.com - SGX AsiaClear OTC Coal Swaps have suffered something of a roller-coaster ride in terms of prices during this week. SGX’s Indonesian sub-bituminous coal and CFR South China coal contracts swaps for August delivery lost its direction during this week, but ended with a little positive trend.
SGX’s Indonesian sub-bituminous coal swaps for August delivery dropped only 0.58 percent WoW and CFR South China coal contracts drops only 0.28 percent on W-o-W.
According to DSP of SGX AsiaClear OTC coal swaps, Indonesian sub-bituminous coal swaps for August 2012 delivery closed at US$ 62.13 / MT on 22 June 2012 (Friday), 8pm SG Time compared to Monday opening of US$ 61.77 / MT. Indonesian sub-bituminous coal swaps gained 0.58 percent compared to Monday (18/6/2012) Opening and Friday (22/6/2012) closing. In the meantime, CFR South China coal contracts closed at US$ 86.25 on Friday instead of US$ 86.50 on Monday opening.
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The August 2012 swap contract for Indonesia sub-bituminous coal was opened on Monday at US$ 61.77 / MT and closed on Friday at US$ 62.13 / MT gained US$ 0.36 (0.58 percent W-o-W) , according to SGX AsiaClear OTC Coal Swaps.
CFR South China Coal contracts fell US$ 0.25 (-0.28 percent W-o-W) to US$ 86.25 per mt for the same period. Indonesia sub-bituminous coal August delivery gained 1.88 percent US$ 1.15 per ton DoD and CFR South China Coal gained 0.46 percent or US$ 0.40 per ton DoD.
A commodity swap is a financial agreement whereby a floating, or spot, price is exchanged for a fixed rate over a specified contract period.
The Q4 deliver of Indonesia sub-bituminous coal was gained US$ 1.37 / MT to US$ 64.85 a metric ton on Friday from US$ 63.48 on Monday opening. CFR South China Coal contract declined US$ 0.45 (-0.50 percent) per mt to US$ 88.55 compared to Monday opening of US$ 89.00, according to data released by SGX.
Indonesian sub-bituminous coal swap for August delivery drops -11.43 percent M-o-M and the meantime CFR South China coal contracts for August delivery dropped -8.97 percent M-o-M.
The Q4 swap contract for Indonesia sub-bituminous coal was also dropped -8.84 percent M-o-M and CFR South China coal contracts dropped -7.87 percent M-o-M.
Falling coal prices send miner’s share price into a steep decline. Indonesian coal miners shares were dropping since early of this month. However Indonesian big scale coal miners are still clam and they believe the current coal price trend will be changed soon.
Bumi Resources, the Indonesia's largest coal producer, doesn’t want to review their expansion plan for 2013 in light of the current coal price weakness, According to Dileep Srivastava, corporate secretary of company.
"We view present spot weakness as temporary, seasonal and rise as winter approaches", he said in a note.
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Wednesday, 18 July 12
SHIP PRICES HAVE FALLEN RAPIDLY THIS YEAR, FAVORING INVESTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The price for a 5 year old Capesize dry bulk carrier of 172,000 dwt has fallen to about $33,4mil from $42.9 at the end of June 2011, while at end of ...
Saturday, 14 July 12
FREIGHT MARKET SEEMS TO BE QUITE VOLATILE - VISTAAR
COALspot.com - The market seems to be quite volatile with the trend changing almost every week. This week all the segments were down except for Pana ...
Friday, 13 July 12
TRANSCOAL MINERGY HAS RECEIVED PMA STATUS IN INDONESIA
COALspot.com - PT Transcoal Minergy (“TCM”) has received official foreign owned company status from the Capital Investment Coordinating ...
Thursday, 12 July 12
LACK OF CAPESIZE DEMAND DRAGS DRY BULK MARKET LOWER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A lack of demand for the larger Capesize dry bulk carriers had as a result the fall of the industry’s benchmark, the BDI (Baltic Dry Index), w ...
Thursday, 12 July 12
RIO TINTO'S SENIOR MANAGEMENT CHANGES
COALspot.com - Rio Tinto is making changes to its senior management team as chief financial officer (CFO) Guy Elliott has decided to retire at the e ...
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- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- The University of Queensland
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Economic Council, Georgia
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