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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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Monday, 06 August 12
3RD ANNUAL INDONESIA POWER
Press Release - 3rd Annual Indonesia Power is Indonesia’s premier power event, where commercial opportunities and new projects are identified. ...
Monday, 06 August 12
COAL EXPORTS COULD ADD $2B TO $6B ANNUALLY TO U.S. ECONOMY - HELLENIC SHIPPING
Business groups backing Pacific Northwest coal export proposals on Thursday lauded a new report that claims increased U.S. coal exports could bring ...
Sunday, 05 August 12
SUB-BIT INDONESIA COAL SWAPS ARE WAY UP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 1.36 percent on Friday (3 August 2012) closing W-o-W but gained& ...
Sunday, 05 August 12
INDONESIA'S ADARO TRIMS PRODUCTION FORECAST, CITES BAD ECONOMY - THE JAKARTA GLOBE
The Jakarta globe reported that, Adaro Energy, the country’s second-largest coal producer, has cut its annual production forecast to between ...
Sunday, 05 August 12
DRY BULK FREIGHT MARKET TO STAY WEAK NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com - The freight market continued to soften further in all segments.
The BDI was down by 8.68 pct closing at 852 points. The cape index ...
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- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
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- Interocean Group of Companies - India
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- The University of Queensland
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
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- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
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- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
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- Economic Council, Georgia
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- Australian Coal Association
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Planning Commission, India
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- Simpson Spence & Young - Indonesia
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- MS Steel International - UAE
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- Thai Mozambique Logistica
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- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
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- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
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