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Saturday, 28 July 12
CAL 2013 COAL SWAPS ARE HIGHER COMPARED TO SEPT 2012 PRICES
 COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 0.47 percent on Friday (27 July 2012) closing DoD but lost 0.90 percent WoW, according to AsiaClear OTC coal swaps.
Sub-Bit FOB Indonesia coal swaps for September delivery opened on Monday (23 July 2012) at US$ 62.05 pmt and closed on Friday at $ 61.49 lost around $ 0.56 pmt. The Q4 deliveries and Cal 13 deliveries also lost $0.89 and $0.65 respectively.
However 2013 deliveries were showing positive trend compared to Q3 and Q4 2012 delivery prices. Cal 2013 deliveries for Sub-Bit Indonesia coal was traded average at $ 68.12 pmt on 27 July 2012, which is $ 6.63 higher than September delivery price.
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According to Yanzhou Coal Mining Co. China’s fourth-largest producer of the coal, the china’s recovering economy will boost demand and the price of thermal coal from late September. “The economy in China is strengthening, so the expectation is demand will start to pick up toward the end of the third quarter,” Weimin Li, chairman of Shandong-based Yanzhou, said in Sydney. “ from late September, you will see support for prices.”, as reported by Bloomberg.
However, Peabody, the world's biggest non-government coal miner’s president Greg Boyce said he expected the thermal coal market to tighten, partly because of flooding by "amazing growth" from Indonesia while Indian demand had failed to fire, the Australian reported.
India, China, Indonesia and USA have to share the blame for the current slummed coal prices as US increased coal exports as low-priced shale gas is favored by domestic users, unexpectedly low demand from China and India, and more exports from Indonesia.
High production cost mines in Indonesia are in process to cut the production as the selling price of coal almost nearing or lower than their net production cost. Number of low GCV coal producers already stopped production.
The mining contractors are also facing a bad time right now. Any mine closure or production cut will drive mining contractors and logistic services companies including barging and shipping companies in to hard time as those industries are purely depends on mining industry.
According to small scale coal miners in Indonesia, Banks in Indonesia also reducing taking their credit exposure on coal mines and coal trading financing and beginning to reduce bank’s credit exposure in order to mitigate the risk of loss arising from a potential default from its customer due to current slummed coal prices.
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CFR South China coal shipments to China for September delivery fell 0.30 percent DoD and 0.98 percent WoW on Friday.
Sub-Bit FOB Indonesia coal contracts for September 2012 delivery closed at US$ 61.49 on Friday ( 27 July 2012) compared to US$ 62.05 Monday opening, lost US$ 0.56 per MT. In the meantime, CFR South China coal September delivery lost US$ 0.82 pmt WoW on Friday (27 July) closed at US$ 82.58 against US$ 83.40 Monday Opening.
CFR South China coal, Q4 delivery lost few cents WoW and DoD but, Sub-Bit FOB Indonesia coal contracts gained 0.73 percent or US$ 0.46 pmt DoD but lost 1.38 percent WoW and closed at US$ 63.21. CFR South China coal lost 1.91 percent WoW and 0.86 percent DoD for the same period. CFR South China delivery (Q4 2012) has closed US$ at $ 83.57 compared to US$ 85.20 opening on Monday (23 July 2012).
A commodity swap is a financial agreement whereby a floating, or spot, price is exchanged for a fixed rate over a specified contract period.
Sub-Bit FOB Indonesia coal contracts and CFR South China coal for Cal 2013 deliveries closed at $ 68.12 pmt $ 89.08 pmt respectively on Friday. Cal 2013 delivery prices for Sub-Bit FOB Indonesia coal and CFR South China coal are $ 6.63 and $ 6.50 higher compared to September deliveries.
Year 2013, showing a positive direction for coal prices.
(Last updated on 29 July 2012 - 23:54 hrs GMT +08:00)
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Thursday, 04 October 12
CAPESIZE : IN SPITE OF THE HOLIDAYS IN CHINA, RATES ARE CLIMBING UP - FEARNLEYS AS
Handy
Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Continent to east Med were around USD 13k and Black ...
Wednesday, 03 October 12
BARCLAYS'S PRICE FORECAST FOR NEWCASTLE COAL HAS BEEN WRITTEN DOWN
“ The main story in the global coal markets has been the growth in supply, with all of the major exporters adding volumes into a market which ...
Sunday, 30 September 12
SUB-BIT INDONESIA COAL SWAPS: MIXED TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 0.73 percent w-o-w but gained 0.41 percent d-o-d on Friday, 28 Se ...
Sunday, 30 September 12
INDONESIA HAS NO PLAN TO CAP COAL PRODUCTION
COALspot.com - “The current low coal prices were mainly due to a global oversupply condition, spurred by numerous mining exploitations in the ...
Sunday, 30 September 12
FREIGHT MARKET UNDER PRESSURE; OVERALL SENTIMENTS ARE STILL BEARISH
COALspot.com - The freight market seemed to have lost steam and all indices were down except for cape index.
The BDI was slightly down by 6 point ...
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- Latin American Coal - Colombia
- PTC India Limited - India
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Parliament of New Zealand
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
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