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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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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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- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Planning Commission, India
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- The University of Queensland
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
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