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Sunday, 23 December 12
Q4' 2013 CFR SOUTH CHINA COAL SWAP, US$ 3.40 HIGHER COMPARED TO Q1' 2013 PRICE
 COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 1.94 percent M-M and WoW by 1.57percent but lost 0.35 percent D-D on Friday, 21 December 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 17 December 2012 at US$ 62.91pmt but closed at US$ 63.90 on 21 December 2012 with the gain of US cents 0.99 per MT. However the average Q4’ 2013 delivery prices gained 3.33 percent for the same period.
Average Q4’ 2013 deliveries for sub-bit Indonesia coal swap was opened at $ 64.72 pmt on 17 December 2012 and closed at $ 66.88 on 21 December 2012. Average Q4’ delivery price has lost US cents 2 PMT a day ago and cents 30 PMT from month ago but gained US $ 2.16 from week ago.
CFR South China coal shipment for average Q1’ 2013 delivery price also gained a day ago and a month ago, but flat w-o-w.
Average Q4’ 2013 delivery price also lost D-D and M-M but gained W-o-W. The contract for the average Q1’ 2013 prices gained US$ 1.34 W-o-W and closed at US$ 85.35 a ton on 21 December 2012. Average Q4 CFR South China coal shipment prices lost US cents 5 PMT D-o-D and US cents 25 M-o-M.
In the meantime, sub-bit Indonesia coal swaps for Q1 delivery has lost on DOD, but gained w-o-w and m-o-m.
CFR South China coal shipments (average Q1’ 2013 delivery) was opened at $ 84.01 on 17 December and closed at $ 85.35 on 21 December 2012 up US $ 1.34 PMT. In the meantime, the CFR South China coal swaps for Q4’ 2013 delivery gained 0.9 percent W-o-W but lost 0.05 percent on D-o-D.
Sub-Bit FOB Indonesia coal contracts for Q1’ 2013 delivery closed at US$ 63.90 on 21 December 2012 compared to US$ 62.91 Monday opening, gained US$ 0.99 per MT. CFR South China coal Q1’ 2013 delivery swaps also closed at US$ 85.35 up US$ 1.34 pmt W-W.
CFR South China coal, average Q4 2013 deliveries gained US$ 0.80 W-W, but lost D-o-D and M-o-M.
Sub-Bit FOB Indonesia coal contracts for average Q4 2013 delivery lost D-D and M-M but gained W-W. Indonesia FOB swaps lost 0.02 percent D-D, 0.44 percent M-M but gained 3.33 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$ 2.98 higher compared to average Q1’ 2013 delivery price of US$ 63.90 on 21 December 2012. CFR South China coal swap for average Q4’ 2013 delivery closed US$ 3.40 higher compared to average Q1’ 2013 delivery price.
Indonesian government has sets its December HBA at US$ 81.75 for 6322 GAR coal. This month HBA is 0.38 percent higher than November price but 27.44 percent lower than a year ago.
2013 coal swaps are not stable this week. It is very difficult to understand the market direction in 2013 from this week price closing. Coal prices are not stable and expected more volatile movements in coming weeks. the firm prices directions can be seen next year mid February.
According to available data, Indonesia, the world largest multi grade coal exporter has shipped 33.578* million tons of coal in November 2012 which is around 4.45* percent lower compared to October exports.
Most of the Indonesian coal had shipped to China and India in November 2012. 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. According to available information, Indonesia also shipped 300.488* million tons of coal (all grades included) in first 10 months. As usual 53.18* percent of total exported coal goes to china and India.
The physical prices of medium GVCV coal shows a little improvement last week. However the pries are not significant to give a push to market. The current price trend is not much favoring coal producer.
China's coal imports in the first 11 months of 2012 have jumped nearly 30 percent to 205.5 million tonnes, as reported by Reuters. Analysts said China's coal imports are expected to rise further in 2013 on the back of weak overseas demand and low international coal prices, as quoted by Reuters.
IEA’s Medium-Term Coal Market Report sees that, coal demand increasing in nearly every region of the world except United States, where shale gas is displacing coal. Hence, US coal producers and suppliers are aggressively looking for Asian and European market to push their excess coal. The low freight market is also supporting US coal to enter in Asian market and US coal is now competing with Indonesia and Australian coal in India, Korea Taiwan and in China.
Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’s top energy source, the International Energy Agency (IEA) said in its annual Medium-Term Coal Market Report (MCMR).
IEA said in its Medium-Term Coal Market Report, China and India lead the growth in coal consumption over the next five years. The report says China will surpass the rest of the world in coal demand during the outlook period, while India will become the largest seaborne coal importer and second-largest consumer, surpassing the United States.
According to our sources, 58.65* percent of Indonesia’s total coal exports in November has shipped to China and India.
Year 2013 is approaching. Maintaining a coal market equilibrium will help to drive coal prices to north direction, else year 2013 will be an another “year 2012” for coal producers.
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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 ...
Tuesday, 04 December 12
JATENERGY SIGNS MOU FOR INDONESIAN COAL ASSET
COALspot.com - Jatenergy Limited has announced that its fully-owned Indonesian subsidiary, PT Barata Energy (BE), has signed an exclusive, non-bindi ...
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- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- The University of Queensland
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
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