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Sunday, 02 December 12
YEAR 2013, YEAR OF SUPPLY OR DEMAND?
 COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1 2013 delivery gained 2.87 & 0.83 percent MoM and WoW respectively but flat DoD on Friday, 30 November 2012, according to the data released by AsiaClear OTC coal swaps on Friday.
Sub-Bit FOB Indonesia coal swaps for average Q1’ 2013 delivery was opened on 26 November 2012 at US$ 62.2 pmt but closed at US$ 62.72 on 30 November 2012 gained around $ 0.52 pmt. But, average Q4’ 2013 delivery price lost 0.19 percent per MT for the same period.
Average Q4’ 2013 deliveries for Sub-Bit Indonesia coal was opened at $ 66.70 pmt on 26 November 2012 and closed at $ 66.57 on 30 November 2012.
CFR South China coal shipment for average Q1’ 2013 delivery price gained but, average Q4’ 2013 delivery price lost W-o-W. The contract for the average Q1’ 2013 was unchanged at US$ 84.28 a ton D-O-D. Average Q1, Q2, Q3 & Q4 CFR South China coal shipment prices lost 0.76, 1.44, 2.23 & 2.87 percent M-o-M. In the meantime, Sub-Bit Indonesia coal swaps gained 2.87, 2.45, 4.48 & 1.37 percents for the same period.
CFR South China coal shipments (average Q1’ 2013 delivery) was opened at $ 83.96 on 26 November and closed at $ 84.28 on 30 November 2012 up US$ 0.32 PMT. In the meantime, CFR South China coal Q1’ 2013 delivery prices closed unchanged D-o-D. The CFR South China coal swaps for Q4’ 2013 delivery lost 0.31 percent D-o-D and 0.37 percent on W-W for the same period.
Sub-Bit FOB Indonesia coal contracts for Q1’ 2013 delivery closed at US$ 62.72 on 30 November 2012 compared to US$ 62.20 Monday opening, gained US$ 0.55 per MT. In the meantime, CFR South China coal Q1’ 2013 delivery swaps closed at US$ 84.28 up US$ 0.59 pmt W-W.
CFR South China coal, average Q4 2013 deliveries moved negatively this week D-D, W-W and M-M. CFR South China coal, average Q4 2013 swaps lost 0.31 percent D-D, 0.37 percent W-W and 2.87 percent M-M. Sub-Bit FOB Indonesia coal contracts for average Q4 2013 delivery also followed China swaps lost D-D and W-W but gained M-M. Indonesia FOB swaps lost 0.03 percent D-D, 0.19 percent W-W but gained 1.37 percent M-M.
A commodity swap is a financial agreement whereby a floating, or spot, price is exchanged for a fixed rate over a specified contract period.
AsiaClear OTC Sub-Bit Indonesia coal swap for average Q4’ 2013 delivery closed US$ 3.85 higher compared to average Q1’ 2013 delivery price of US$ 62.72 on 30 November 2012. CFR South China coal swap for average Q4’ 2013 delivery closed US$ 3.67 higher compared to average Q1’ 2013 delivery price.
Swaps are showing a positive market condition during 2013.
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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.
According to available data, Indonesia, the world largest multi grade coal exporter has shipped 35,143,587* tons of coal in October 2012 which is around 19.85* percent higher compared to September exports. Most of the Indonesian coal goes to China and India in October 2013. Indonesian low GCV coal is still an attractive fuel for Indian consumers due to its cheap price as well as lower freight. Indian coal imports from Indonesia has increased significantly in 2012 and expected it will reach more than 75 million tons in 2012.
Several Indonesian small mines has suspended their operation as the current low coal prices not affordable for those high cost mines. Over supply of coal was partly blamed for current low coal prices. However Indonesian big coal producers are still planning to increase their output by 2014 onwards. High output of coal from Indonesia and low demand from India and China, may not allow coal price recovery to a previous level within a short period.
July 2008 was the best month for the world’s coal industry. According to IMF data, Australian coal price was reached at US$ 192.86 per MT in July 2008, which is around 118.43 percent higher than October 2012 price. Indonesian HBA price also experienced a higher level in February 2011. The Indonesian government's declared HBA has reached US$ 127.05 in February 2011 which is around 56.00 percent higher than November 2012 HBA.
Is year 2013, year of supply or demand? -- Is buyer’s year or seller’s year?
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Sunday, 09 December 12
LOW DEMAND PUSHES CHARTER RATES TOWARDS DOWN - VISTAAR
COALspot.com - The freight market has softened and BDI, The Baltic Dry Index, a measure of shipping costs for dry bulk goods, plunged below 10 ...
Friday, 07 December 12
A NEW PHASE FOR AUSTRALIAN RESOURCES - A FITCH STREET INTERVIEW
This week Matt Jamieson spoke with Andrew Colquhoun in Fitch's Asian sovereign rating team, and Vicky Melbourne, Fitch's commodity analyst based i ...
Friday, 07 December 12
SHIPPING INDUSTRY LOOKING ON YET ANOTHER TOUGH YEAR AS WE APPROACH 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With shipping finance "on the ropes" as traditional lenders appear to be cutting their losses and tonnage oversupply still the most import ...
Thursday, 06 December 12
PANAMAX : THE POSITIVE VIBES IN THE ATLANTIC REMAINS - FEARNLEYS AS
Handy
The Atlantic market is still depressed with dearth of cargoes and more ships. The trips from Continent to Feast fixed around USD 12k. Trips f ...
Thursday, 06 December 12
STRONG CHINESE DEMAND FOR DRY BULK COMMODITIES EXPECTED FOR 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A new analysis from BIMCO released yesterday suggests that 2013 is expected to be a stronger year in terms of China's "hunger" for commod ...
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- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- The University of Queensland
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Planning Commission, India
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Australian Coal Association
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
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