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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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Thursday, 22 November 12
DRY BULK MARKET RISE, BUT OUTLOOK SEEN DIM ON THE BACK OF RECORD NEW BUILDING DELIVERIES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been under hefty pressure since the start of the year, as a result of record newbuilding deliveries and below-par demand for ...
Wednesday, 21 November 12
LITTLE IMPACT FROM DISSOLUTION OF BP MIGAS ON INDONESIAN OIL & GAS COMPANIES - FITCH
Fitch Ratings has said that the recent court order to abolish the Indonesian upstream oil and gas regulator, BP Migas, has minimal immediate impact ...
Wednesday, 21 November 12
ORPHEUS ENERGY SECURES FIRST COAL OFF TAKE CONTRACT
COALspot.com - Orpheus Energy Limited (ASX:OEG) has announced that it has signed a coal sales contract with an Indonesian steel manufacturing compan ...
Tuesday, 20 November 12
AUSTRALIAN NEWCASTLE PORT HAS LOADED 13.18 PERCENT LESS COAL W-W
COALspot.com - Newcastle port in Australia has loaded 2,691,731 MT of thermal and coking coal for week ended 0700 hours 19 November 2012, Newc ...
Monday, 19 November 12
GOVT PREPARES TO FACE ANOTHER SUIT ON MINING LAW - THE JAKARTA POST
The government is gearing up to face a complaint on the 2009 Mining Law prepared by the same organization that previously brought down upstream oil ...
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- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- White Energy Company Limited
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
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