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Saturday, 12 January 13
HIGHER COAL PRICES: SEASONAL EFFECT
COALspot.com : Bahana Securities, one of the leading securities in Indonesia, said in its latest coal outlook that, on US and China’s moves to shale gas, we remain bearish on coal’s long term outlook. Coal counters’ 1M price outperformance’s are mainly on seasonal effect which raised global coal prices by some 16% from its bottom in November 2012.
The market was also buoyed by positive news from China, the world’s largest coal importer, which posted November coal import of 29m tons (+35% m-m and +31% y-y), the highest in the past 4 years. However, we believe conditions are temporary on winter restocking with coal prices to normalize in 2Q13.
Coal prices to normalize in 2Q13
Irwan Budiarto, an analyst from Bahana Securities commented on the recent report, historically, coal prices tend to move up in 4Q due to winter restocking activities, resulting in China’s coal imports being the highest in the last quarter of the year. However, setting aside the winter restocking factor, we believe that medium-term coal demand will not pick up in a meaningful manner as electricity demand from three big coal importers (approximately 40% of total global coal imports), namely China, South Korea and Japan does not show any signs of improvement.
We also note that historically coal prices in 4Q-1Q would usually increase by 2%-28% before normalizing in 2Q. Hence, as coal prices have risen 16% since early November 2012, we believe there is limited potential for further coal price strengthening, analyst said
Bahana maintains 2013 coal price assumption at USD82/ton (-15% y-y), given continued uncertainties in global outlook, temporary restocking condition, increasing coal output and US industrial users’ switch to shale gas.
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Tuesday, 26 February 13
10TH CLEAN COAL FORUM WILL BE HELD ON JUNE 2013
CDMC Events will be presenting the 10th Clean Coal Forum 2013 on June 13 - 14, 2013 in Beijing,China.
It will make you understand regulatory asp ...
Sunday, 24 February 13
COAL SWAPS INCH UP WEEK - ON - WEEK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 0.17 percent and CFR South China coal shipme ...
Sunday, 24 February 13
BDI FELL 1.72 PERCENT BUT FREIGHT MARKET FAIRLY STEADY - VISTAAR
COALspot.com - This freight market has been fairly steady this week but, BDI fell1.72 pct and closed at 740 points.
The cape index also joins BDI ...
Saturday, 23 February 13
IHS MCCLOSKEY 20TH ANNUAL COAL CONFERENCE OF THE AMERICAS
IHS McCloskey 20th Annual Coal Conference of the Americas to be held on 13-14 March 2013 in Cartagena, Colombia
IHS is pleased to invite you to t ...
Thursday, 21 February 13
HANDY : THE PACIFIC MARKET GOT FIRMED UP AS CHINESE CAME BACK FROM HOLIDAYS - FEARNLEYS
Handy
The Atlantic saw more cargoes than last week but rates remained unchanged as lot of ships in the market. The USG-Feast was at USD 18k and Bla ...
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- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
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