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Sunday, 11 November 12
AN OPTIMISTIC WEEK FOR INDONESIAN SUB-BIT COAL
 COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for January 2013 delivery gains 2.08 percent WoW and 1.28 percent DoD on Friday, 9 November 2012, according to the data released by AsiaClear OTC coal swaps on Friday.
Sub-Bit FOB Indonesia coal swaps for January 2013 delivery was opened on 5 November 2012 at US$ 60.37pmt but closed at US$ 61.63 on 9 November 2012 gains around $ 1.26 pmt. December 2013 delivery as well as average calendar 2013 delivery prices also gained 2.33 percent and 2.22 percent respectively per MT for the same period.
Average December 2013 deliveries for Sub-Bit Indonesia coal was opened at $ 65.52 pmt on 5 November 2012 and closed at $ 67.05 on 9 November 2012.
Average prices for CFR South China coal shipment for January’13, December’13 and calendar 2013 deliveries also gained WoW as well as DoD. Last week price movements for 2013 deliveries were showing a positive direction and if it is continues, then the market will correct itself favoring coal producers. However the same direction was failed to transformed to physical market during the same period.
CFR South China coal shipments (delivery January 2013) was opened at $ 84.00 on 5th November and closed at $84.00 on 9 November 2012 without any change WoW. However, CFR South China coal prices gains 0.23 percent DoD. The CFR South China coal swaps for December’13 delivey also gains 0.24 percent W-W and 0.11 percent D-D for the same period.
Sub-Bit FOB Indonesia coal contracts for January 2013 delivery closed at US$ 61.63 on 9 November 2012 compared to US$ 60.37 Monday opening, gained US$ 1.26 per MT. In the meantime, CFR South China coal January ‘ 13 delivery closed at US$ 84.00 with no change on W-W but gained US$ 0.20 pmt D-D.
CFR South China coal, average Calendar 13 delivery also moved positive direction this week gains 0.03 percent W-W and 0.13 percent d-d. Sub-Bit FOB Indonesia coal contracts for average cal 13 delivery gained 2.22 percent or US$ 1.40 pmt W-W, and 1.35 percent D-D closed at US$ 64.33.
A commodity swap is a financial agreement whereby a floating, or spot, price is exchanged for a fixed rate over a specified contract period.
However, AsiaClear OTC Sub-Bit Indonesia coal swap for December’13 delivery closed US$ 5.42 higher compared to January’13 delivery price of US$ 61.63. CFR South China coal swap for December’13 delivery closed US$ 5.45 higher per mt compared to January’ 13 delivery price. Swaps are showing a positive market condition during 2nd half of year 2013.
Indonesian government has sets its November HBA at US$ 81.44 for 6322 GAR coal. November HBA is 5.35 per lower than October price or 30.18 percent lower than a year ago.
The Indonesian government has also reduced its DMO requirement by 18 percent due to lower consumption by power plants in Indonesia. Indonesian miners were required to allocate 67.3 million metric tons of coal under DMO requirement, down from the previous requirement of 82.1 million tons or less 14.8 million tons of coal set in August of last year. However, the market is calm and there is no excess cargo due to reduction of DMO. According to a one of the largest coal producer, the reduction on DMO requirement has not affected them, as they have already signed the contract as per previous requirement.
Recently Indonesian government has issued a DMO regulation for 2013 supply figures. According to DMO requirement, miners were asked to allocate 74.30 million metric tons of coal under the so-called domestic market obligation (DMO) in 2013, which is little higher than 2012 revised DMO requirement.
Year 2013, DMO volume is almost equivalent to 20.30 percent of the targeted production volume of coal in 2013. The Indonesian government is forecasting the 2013 coal production will be around 337 million tons to 366.04 million tons.
Due to higher coal output and less demand, the price recovery will be in slow speed. According to coal a coal producer, Chinese demand is still slow. Hence the price recovery will take time. Now producers are pushing their existing buyer’s to perform their existing contracts which were concluded at a high price than the current price. “ We don’t have a coal to offer against any new inquiries for November or December delivery or at least until January 2013” , said a coal producer from Kalimantan.
“ Indonesian coal producers want to delay their annul coal supply contract negotiation to early next year to get better price than existing”, a market player said.
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Sunday, 04 November 12
SUB-BIT INDONESIA COAL SWAPS FOR DECEMBER' 12 DELIVERY FALLS TO $ 59.78
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery fell -1.02 percent on WoW but gained 0.08 percent on D-D on Friday, 2 ...
Saturday, 03 November 12
THE SUPRAMAX FREIGHT EXPECTED TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - This week the market remained soft with all the sectors soft.
The BDI and was down by 6 pct closing at 986 points. The cape index ...
Saturday, 03 November 12
DEMOLITION IS THE KEY FOR DRY BULK SHIPPING'S RECOVERY SAYS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With the number of new building deliveries so far in 2012 already having surpassed the total of 2011, it's more than clear that the dry bulk sector ...
Thursday, 01 November 12
INDONESIA HAS REVISED DOWN ITS 2012 DOMESTIC MARKET OBLIGATION REQUIREMENT FOR COAL
COALspot.com - Minister of Energy and Mineral Resources of Indonesia has revised down its 2012 domestic market obligation requirement due to lower d ...
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 ...
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- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Australian Coal Association
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- The University of Queensland
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
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