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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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Tuesday, 07 August 12
KRISHNAPATNAM PORT HAS DISCHARGED 122,247 MTS OF COAL IN JUST 24 HRS
COALspot.com - Keeping with the tradition of the new records that are set at the Olympic Games 2012, Krishnapatnam Port has also achieved in setting ...
Tuesday, 07 August 12
THE JAKARTA POST EDITORIAL: REVISITING THE MINING LAW
The Jakarta post, one of the leading English news paper in Indonesia writes in its editorial today, what the domestic and foreign investors had drea ...
Tuesday, 07 August 12
BARAMULTI SET TO LIST ON BOURSE IN Q4 - JP
The Jakarta Post reported that, coal miner PT Baramulti Sukses Sarana is preparing to make its shares available to the public in the fourth quarter ...
Tuesday, 07 August 12
REALM RESOURCES COMPLETES STUDY ON ITS KATINGAN RIA COAL PROJECT
COALspot.com - Realm Resources Ltd. has announced that it has completed the Project Study for the Katingan Ria Project in Central Kalimantan, Indone ...
Monday, 06 August 12
3RD ANNUAL INDONESIA POWER
Press Release - 3rd Annual Indonesia Power is Indonesia’s premier power event, where commercial opportunities and new projects are identified. ...
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- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- White Energy Company Limited
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
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