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Sunday, 16 September 12
GLOBAL LOW DEMAND ; INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS DIP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 1.345 percent W-O-W on Friday, 14 September 2012, closing but gained 0.0321 percent on D-O-D, according to the data released by AsiaClear OTC coal swaps on 14th September 2012.
Sub-Bit FOB Indonesia coal swaps for November delivery opened on Monday, 10 September 2012 at US$ 63.17 pmt and closed on Friday (14 September 2012) at $ 62.32 lost around $ 0.85 pmt. Q2 2013 & Cal 2013 deliveries also lost US$ 0.95 per MT $ 0.83 respectively for the same period.
Average Cal 2013 deliveries for Sub-Bit Indonesia coal opened at $ 68.50 pmt on 14 September 2012 and closed $ 67.67 on 14th September 2012.
CFR South China coal shipments for November 12, November 13, Q2’13 and Cal 2013 deliveries dropped on W-O-W.
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On 10 September CFR South China coal shipments (delivery November 2012) was opened at $ 83.55 and closed on 14 September at $ 83.20 lost $ 0.35 pmt. The CFR South China coal swaps for November deliveries lost 0.418 % and 0.120% on W-O-W and D-O-D respectively o 14th September.
Sub-Bit FOB Indonesia coal contracts for November 2012 delivery closed at US$ 62.32 on Friday (14 September 2012) compared to US$ 63.17 Monday opening, lost US$ 0.85 per MT. CFR South China coal November delivery also lost US$ 0.35 pmt W-o-W on Friday (14 September) closed at US$ 83.20 against US$ 83.55 Monday Opening.
CFR South China coal, Nov-13 delivery lost 0.601 percent W-o-W and lost 0.055 percent D-O-D. Sub-Bit FOB Indonesia coal contracts for Nov13 delivery lost 1.127 percent or US$ 0.80 pmt W-o-W and gained 0.214 percent D-O-D and closed at US$ 70.15.
CFR South China delivery (Q2’13) has closed US$ at $ 87.35 on 14 September compared to US$ 87.95 opening on Monday (10 September 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. (Last updated on 17 Septmber 2012)
Sub-Bit FOB Indonesia coal contracts and CFR South China coal for Cal 2013 deliveries closed at $ 67.67 pmt $ 88.23 pmt respectively on Friday. Average November 2013 delivery prices for Sub-Bit FOB Indonesia coal and CFR South China coal were $ 7.83 and $ 7.65 higher compared to November 12 deliveries.
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Average cal 2013 delivery price for Sub-Bit FOB Indonesia coal was US$ 2.48 lower than November 2012 delivery price. Average Cal 2013 delivery price for CFR South China coal contract price is US$ 2.62 lower than November 2012 delivery price.
According to paper reports in Indonesia, Deputy Energy and Mineral Resources Minister was concerned about current falling coal prices and according to him, the continued fall in coal prices would severely hurt the country’s coal mining companies. Hence, “the government is ready to help by giving tax holidays or other fiscal measures, if the price of coal hit below US$ 60.
According coal analysts, over supply of coal is one of the main reason for the current low prices. Unless mining companies reduce their coal production to counter the low demand, the price recovery will take more time than expected.
However, some of the Indonesia’s major coal producers have already revised their annual target due to the declining coal prices. Indonesia’s single largest coal producer Adaro Energy, has revised its 2012 production forecasts to 48 million and 50 million metric tons, Berau Coal has lower its production forecast to 20 million to 22 million tons. The largest Indonesian coal miner BUMI also planning to reduce its production forecast in 2012.
Few small scale coal miners, specially low calorific value coal producers in Indonesia have already suspended their productions and some miners have cut down their production at least by 50 percent within last three months. Indonesian government declared minimum selling price has gained 1.84 percent in September on MoM.
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Saturday, 25 August 12
INDONESIAN COAL SWAP REMAINS STABLE AT LOW LEVEL
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery gain 0.804 percent W-o-W on Friday (24 August 2012) closing but lost 0. ...
Thursday, 23 August 12
INDONESIA-INDIA, LARGE ECO SUPRA FIXED AT USD 6K FOR DELIVERY SOUTH CHINA - FEARNLEYS AS
Handy
The market continued the same trend as last week, low activity and holidays in some countries.
Rate wise unchanged, with US Gulf/Continent ...
Thursday, 23 August 12
EGCO GROUP EXPANDS TOWARDS INTEGRATED ENERGY BUSINESS WITH INVESTMENT IN INDONESIAS COAL MINE
Electricity Generating Public Company Limited or EGCO Group, the Thailand’s first Independent Power Producer has continually invaded foreign m ...
Thursday, 23 August 12
EGCO GROUP ANNOUNCES 2 BILLION BAHT PROFITS IN Q2/2012
Successfully Establishes Integrated Energy Business and Strengthen Investments in ASEAN
Mr. Sahust Pratuknukul, President of Electri ...
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 ...
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- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- PTC India Limited - India
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- The University of Queensland
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
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