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Monday, 20 August 12
CHINESE COAL SWAPS RISE, INDONESIAN COAL CONTRACTS SOFT
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost -2.05 percent W-o-W on Friday (17 August 2012) closing but gained 0.031 percent on D-o-D, according to the data released by AsiaClear OTC coal swaps on 17th August 2012.
Sub-Bit FOB Indonesia coal swaps for October delivery opened on Monday (13 August 2012) at US$ 64.7 pmt and closed on Friday (17 August 2012) at $ 63.37 lost around $ 0.80 pmt. However The Q1 and Cal 13 deliveries also lost $ 0.96 and $ 0.85 respectively. The Indonesian coal swaps performed flat to weak last week.
Cal 2013 deliveries for Sub-Bit Indonesia coal was opened at $ 70.10 pmt on 13 August 2012 and closed $ 69.25 on 17th August 2012.
CFR South China coal shipments to China for October delivery moved positively compare to last week. On 13 August CFR South China coal shipments to China was opened at $ 82.93 and closed on 17 August at $ 83.22 gained $ 0.29 pmt. The swap gained 0.14 percent D-o-D and 0.34 percent W-o-W on Friday.
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Sub-Bit FOB Indonesia coal contracts for October 2012 delivery closed at US$ 63.37 on Friday ( 17 August 2012) compared to US$ 64.70 Monday opening, lost US$ 1.33 per MT. In the meantime, CFR South China coal October delivery gained US$ 0.29 pmt W-o-W on Friday (17 August) closed at US$ 83.22 against US$ 82.93 Monday Opening.
CFR South China coal, Q4 delivery lost 0.01 percent W-o-W 0.46 percent D-o-D. Sub-Bit FOB Indonesia coal contracts for Q4 delivery gained 1.74 percent or US$ 1.12 pmt W-o-W but lost 0.74percent D-o-D and closed at US$ 65.26.
CFR South China delivery (Q1 2013) has closed US$ at $ 85.68 on 17 August compared to US$ 85.40 opening on Monday (13 August 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 $ 69.25 pmt $ 88.62 pmt respectively on Friday. Cal 2013 delivery prices for Sub-Bit FOB Indonesia coal and CFR South China coal are $ 5.88 and $ 5.40 higher compared to October deliveries.
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September onwards, coal prices are expected to move forward as India is expected to back to market after monsoon holidays. Chinese economic improvements also is expected to drive coal prices from the current level. Indonesian coal prices are trying to take a U turn last week, but failed to conclude the deals at a better prices than previous week.
Coal consumption for the power generation in Asia stood at an estimated 2.7 billion metric tons in 2011. From 2012 to 2020, that figure is expected to rise to 4.4 billion tons annually, according to GBI as stated by Climate wire / Scientific American.
GBI projects that India, currently the world's third-largest coal producer, will also see a surge in production on the order of 6.8 percent annually because of the country's heavy reliance on coal-fired electricity along with expanding steel, cement and fertilizer manufacturing sectors.
By 2020, India is projected to produce 1.1 billion tons of coal annually, up from 632 million tons in 2011. Such robust growth would place India on par with the United States in terms of total production, assuming international markets for U.S. coal remain strong, according to Climate wire / Scientific American.
International as well as Indian media reports says that, Kentucky, the third-largest coal-producing state last year, has reached an agreement to export 9 million tons of coal annually to India for the next 25 years in a $7 billion deal.
According to president of the Kentucky Coal Association, as quoted by courier-journal, “we currently only export about 5 percent of our Kentucky coal overseas, we expect that number to grow”. “Today's announcement is good news, not only for Kentucky coal miners, but everyone who will benefit from this important natural resource.”
Changing dynamics in the current world thermal coal industry, US is trying to increase the coal exports to overseas specifically targeting for Asia market, while Indonesia the current largest coal exporter is trying to reduce coal exports considering its own future consumption.
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Thursday, 01 November 12
SOUTH KOREAN POWER UTILITY EWP TO PURCHASE 670,000 MT OF COAL FOR JAN - FEB 2013 DELIVERY
COALspot.com: Korea East-West Power Co. Ltd. on behalf of Korea South-East Power Co. Ltd., Korea Southern Power Co. Ltd., Korea Midland Power Co. Lt ...
Thursday, 01 November 12
KOMIPO LOOKING FOR 440,000 MT OF 4600 KCAL/KG NAR COAL FOR BORYEONG POWER PLANT
COALspot.com - Korea Midland Power Co. Ltd.(KOMIPO) is inviting bids from coal producers, marketing companies or traders to supply of 440,000 Metric ...
Thursday, 01 November 12
CAPESIZE RATES FALL, DRY BULK MARKET RETREATS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It was another lackluster session yesterday in the dry bulk markets, with the industry's benchmark, the BDI (Baltic Dry Index) retreating by 1.63 p ...
Thursday, 01 November 12
HANDY : WCI-CHINA RATES ARE AT AROUND USD 5,000 AND ECI-CHINA AROUND USD 4000 - FEARNLEYS AS
Handy
The Atlantic market remains quiet due to a lack of cargoes and an increased supply of ships. Rates from the Continent to east Med were around ...
Tuesday, 30 October 12
COAL PRODUCTION TO RISE BY FIVE PERCENT IN 2013 - TEMPO INTERACTIVE
TEMPO Interactive reported that, Indonesian Coal Mining Association (APBI) chairman Bob Kamandanu has estimated that Indonesian coal production will ...
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- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
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