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Saturday, 07 July 12
EXCESS SUPPLY & WEAK DEMAND KEEP COAL PRICES LOW
COALspot.com - SGX AsiaClear OTC Coal Swaps for August and Q4 deliveries slipped slightly this week. SGX’s Indonesian sub-bituminous coal swaps for August delivery lost 0.31 percent and CFR South China coal contracts swaps lost 0.28 percent on closing Friday compared to Monday opening.
SGX’s Indonesian sub-bituminous coal swaps for August delivery lost 0.31 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 average at US$ 63.53 / MT on 6 July 2012 (Friday), 8pm SG Time compared to Monday opening of average US$ 63.73 / MT.
Indonesian sub-bituminous coal swap lost 0.31 percent compared to Monday (2/7/2012) opening and Friday (6/7/2012) closing. In the meantime, CFR South China coal contracts closed average at US$ 86.00 on Friday instead of average US$ 86.25 on Monday opening.
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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 lost average US$ 0.07 / MT to average US$ 65.33 a metric ton on Friday from average US$ 65.40 on Monday opening. CFR South China Coal contract declined US$ 0.65 (-0.73percent) per mt to average US$ 87.35 compared to Monday opening of average US$ 88.00, according to data released by SGX.
Indonesian sub-bituminous coal swap for August delivery drops average -4.6 percent M-o-M and the meantime CFR South China coal contracts for August delivery dropped average -5.49 percent M-o-M.
The Q4 swap contract for Indonesia sub-bituminous coal was also dropped -4.27 percent M-o-M and CFR South China coal contracts dropped -6.07percent M-o-M.
Indonesian medium scale producers are planning to reduce their production if the coal prices continually fall.
Overall this week’s performance is slightly bitter than last week performance in terms of prices. The real physical market (spot) for Indonesian coal was not showing any positive rebound this week. The low bid from buyers make suppliers confused to response.
“The gap between bids and offers were quite wide and hope the market will rebound soon,” said a medium coal producer from East Kalimantan. (cs)
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Monday, 25 June 12
RIO TINTO MAKES FIRST COAL SHIPMENT FROM MOZAMBIQUE
Rio Tinto has started exporting premium hard coking coal from its Benga Mine in the Moatize Basin in Mozambique. The first shipment of 34,000 tonnes ...
Sunday, 24 June 12
SUPRAMAX FREIGHT MARKET FIRMED UP FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - This week all the segments gained and marked was firm in the Supramax and Handy size sector, where as the Cape and Panamax inde ...
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 Indone ...
Friday, 22 June 12
PRESENT SPOT WEAKNESS IS TEMPORARY, SEASONAL AND RISE AS WINTER APPROACHES - BUMI
COALspot.com - PT Bumi Resources Tbk, the world’s one of the largest coal producer and Indonesia’s largest multi grade coal miner has no ...
Friday, 22 June 12
GLOBAL ACTION NEEDED ON ENERGY POVERTY - WORLD COAL
Eradicating energy poverty is possibly the biggest challenge facing the world today. Like climate change it can only be addressed with a concerted g ...
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- Price Waterhouse Coopers - Russia
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- International Coal Ventures Pvt Ltd - India
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- CNBM International Corporation - China
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- Thiess Contractors Indonesia
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- Chamber of Mines of South Africa
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- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
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- McConnell Dowell - Australia
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- Altura Mining Limited, Indonesia
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- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Gujarat Sidhee Cement - India
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- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
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- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
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- Samtan Co., Ltd - South Korea
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- Bulk Trading Sa - Switzerland
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- Australian Coal Association
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- Coalindo Energy - Indonesia
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- Sojitz Corporation - Japan
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- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
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- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
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- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
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- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
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- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
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- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
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- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- SN Aboitiz Power Inc, Philippines
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- Indian Oil Corporation Limited
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- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Videocon Industries ltd - India
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