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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, 14 July 12
FREIGHT MARKET SEEMS TO BE QUITE VOLATILE - VISTAAR
COALspot.com - The market seems to be quite volatile with the trend changing almost every week. This week all the segments were down except for Pana ...
Friday, 13 July 12
TRANSCOAL MINERGY HAS RECEIVED PMA STATUS IN INDONESIA
COALspot.com - PT Transcoal Minergy (“TCM”) has received official foreign owned company status from the Capital Investment Coordinating ...
Thursday, 12 July 12
LACK OF CAPESIZE DEMAND DRAGS DRY BULK MARKET LOWER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A lack of demand for the larger Capesize dry bulk carriers had as a result the fall of the industry’s benchmark, the BDI (Baltic Dry Index), w ...
Thursday, 12 July 12
RIO TINTO'S SENIOR MANAGEMENT CHANGES
COALspot.com - Rio Tinto is making changes to its senior management team as chief financial officer (CFO) Guy Elliott has decided to retire at the e ...
Thursday, 12 July 12
SOUTHGOBI RESOURCES ANNOUNCES NOTICE OF INVESTMENT DISPUTE FILED AGAINST MONGOLIAN GOVERNMENT
Press Release - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi”) announced today that SGQ Coal Investment Pte. Ltd., a wholly ...
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- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
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