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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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Friday, 27 July 12
PACIFIC MARKET REMAINED FLAT - FEARNLEYS AS
Handy
The Atlantic market continued its downward trend from last week with what appears to be a summer lull across the board. A trip from the USG t ...
Wednesday, 25 July 12
BUKIT ASAMS H1 REVENUE JUMPED BY 13 PERCENT
COALspot.com - PT Bukit Asam (Persero), Tbk., the state owned coal miner's revenue in H1 2012, has jumped 13 percent to IDR 5.79 trillion (approxim ...
Wednesday, 25 July 12
BUMI RESOURCES MINERALS SECURED PINJAM PAKAI FOR ITS ZINC AND LEAD PROJECT
COALspot.com - PT Bumi Resources Minerals Tbk. ("BRMS" or "the Company") today reported that its 80% owned subsidiary, PT Dairi ...
Tuesday, 24 July 12
SHIP OWNERS WAITING FOR SHIP PRICES TO FALL FURTHER BEFORE MOVING IN MORE AGGRESSIVELY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the summer season already well under way and many ship owners getting ready for the autumn, the sale & purchasing activity of second hand v ...
Monday, 23 July 12
NTPC INVITES BIDS FOR 2.6 MILLION TONS OF LOW MOISTURE IMPORTED COAL
COALspot.com - India’s largest electricity generator, NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government ...
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- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- PTC India Limited - India
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Deloitte Consulting - India
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Australian Coal Association
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
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