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Saturday, 01 September 12
FALLING PRICES; BLEEDING MINERS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost 4.070 percent and 0.422 percent respectively on W-o-W and D-o-D on Friday (31 August 2012) closing, according to the data released by AsiaClear OTC coal swaps on 31st August 2012.
CFR south china coal contract also followed sub-bit Indonesia, fell 1.281 percent on W-o-W and 0.410 percent D-o-D on 31st August 2012.
Sub-Bit FOB Indonesia coal swaps for October delivery opened on Tuesday (28 August 2012) at US$ 63.88 pmt and closed on Friday (31 August 2012) at $ 61.28 lost around $ 2.61 pmt. In the meantime, the Q1 and Cal 2013 deliveries lost average US$ 0.41 per MT. The Indonesian coal swaps for October deliveries not performed well the week ended 31st August 2012.
Cal 2013 deliveries for Sub-Bit Indonesia coal was opened at $ 69.31 pmt on 28 August 2012 and closed $ 68.90 on 31st August 2012.
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CFR South China coal shipments to China for October & December, Q1 & cal 2013 deliveries negatively week on week.
On 28 August CFR South China coal shipments to China (delivery October 2012) was opened at $ 83.50 and closed on 31 August at $ 82.43 lost $ 1.07 pmt. The swap lost 0.410 percent D-o-D and 1.281 percent W-o-W on Friday.
Sub-Bit FOB Indonesia coal contracts for October 2012 delivery closed at US$ 61.28 on Friday (31 August 2012) compared to US$ 63.23 Tuesday (28 August 2012) closing, lost US$ 1.95 per MT. CFR South China coal October delivery lost US$ 0.82 for the same period.
CFR South China coal, Q1 13 delivery lost 0.688 percent W-o-W and lost 0.140 percent D-o-D. Sub-Bit FOB Indonesia coal contracts for Q1 13 delivery lost 0.616 percent or US$ 0.41 pmt W-o-W and 0.015 percent D-o-D and closed at US$ 66.09.
CFR South China delivery (Q1 2013) has closed US$ at $ 85.16 on 31 August compared to US$ 85.75 opening on Monday (28 August 2012).
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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 $ 68.90 pmt $ 88.03 pmt respectively on Friday. Cal 2013 delivery prices for Sub-Bit FOB Indonesia coal and CFR South China coal are $ 7.62 and $ 5.60 higher compared to October deliveries.
According to moody's forecasts, the Newcastle thermal coal price, the benchmark seaborne coal price in Asia, to average around USD 90 to USD 95 per tonne in 2012 and that there won't be a meaningful rebound in 2013 unless the demand and supply balance improves."
BHP Billiton, the world's biggest miner, expects to see lower prices in the "long-term" for its commodities as slower economic expansion in China cools demand, as stated by The Telegraph. BHPB, one of the largest iron ore and coal producer in the world.
"Coal as well as iron market directions are not stable. Market's forward cures are also not promising for miners", said a coal miner in Indonesia. However Indonesian miners are expecting that, the market make little positive move when the annual contract negotiation starts for 2013 deliveries.
According shipping companies, Indians are starting to move more coal during end of August and this trend will continue in September.
Vistaar Shipping Singapore, a ship operator said, the supramax freight market from Indonesia to India showed some signs of improvement the week end 31 August 2012. There appears to be more coal cargoes coming in the market and expect more shipments in September.
"Kites rise highest against the wind — not with it." - Winston Churchill
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Thursday, 13 September 12
PANAMAX: THE NEGATIVE TREND, POOR SENTIMENT CONTINUES - FEARNLEYS AS
Handy
Lack of cargoes and a growing list of available ships is causing rates to slip for all Atlantic trades.
The only trade keeping somewhat s ...
Thursday, 13 September 12
FUEL EFFICIENT SHIPS MAY BE MORE EXPENSIVE, BUT THEY MAKE FINANCIAL SENSE SAYS ANALYSIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest trend in shipbuilding is the so called "Eco" ship, i.e. ships which offer much better fuel consumption and are more cost-effect ...
Wednesday, 12 September 12
INDIAS COALGATE: TIME FOR A ROOT CANAL
A recent report from India’s Comptroller and Auditor General (CAG) pertaining to the allocation of coal blocks has created a political storm i ...
Tuesday, 11 September 12
CLOUDY AND POLICY RISK INDONESIAN COAL INDUSTRY
COALspot.com - Bahana Securities in its latest coal outlook, commented on the Indonesian coal market, with economic slowdown in the four largest coa ...
Tuesday, 11 September 12
SHIP OWNERS KEEN ON SECOND HAND VESSEL PURCHASES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With most ship owners back from their summer rest, things are starting to pick up again in the second hand vessel market, with more and more deals b ...
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- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- The University of Queensland
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
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