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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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Saturday, 11 August 12
INDONESIAN COAL REFERENCE PRICE HAS LOST 27.78 PERCENT YOY
COALspot.com - Indonesian HBA fell again in August.
The monthly coal reference price for coal sales this month fell 3.32 percent. HBA fell ...
Saturday, 11 August 12
SUB-BIT INDONESIA COAL SWAPS SEEN MOVING IN THE RIGHT DIRECTION
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 1.29 percent W-o-W on Friday (10 August 2012) closing but lost 1 ...
Friday, 10 August 12
DRY BULK MARKET DROWNING FROM TONNAGE OVERSUPPLY - HELLENIC SHIPPING
The dry bulk market has been overflowing with new building vessels, despite the fact that demand is more or less (and minus the seasonal factors) ri ...
Thursday, 09 August 12
3RD ANNUAL SHALE GAS
Press Release - With the North American shale gas boom, IBC’s 3rd Annual Shale Gas explores optimal strategies to monetize Asia’s domest ...
Wednesday, 08 August 12
EXPLOITASI AIMS TO RAISE RP 2.7T FOR ACQUISITION - THE JAKARTA POST
The Jakarta Post reported that, publicly listed coal miner PT Exploitasi Energi Indonesia (CNKO) is seeking to raise Rp 2.7 trillion (US$286.2 milli ...
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- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Aditya Birla Group - India
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Central Electricity Authority - India
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Planning Commission, India
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
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