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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, 05 February 13
NEWCASTLE PORT COAL SHIPMENTS DROPPED BY 10.77 PERCENT W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,412,497 MT of thermal and coking coal for week ended 0700 hours 4 February 2013, Newca ...
Tuesday, 05 February 13
CHALLENGER DEEP RESOURCES CORP HAS ENTERED INTO AN EXCLUSIVE MINING AND MARKETING AGREEMENT WITH KEM
COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, PT Bestindo Energy, has entered into an Exclusivity Agreement r ...
Saturday, 02 February 13
ADARO TO INTRODUCE A NEW BRAND OF ENVIROCOAL, E4700, IN 2013
COALspot.com - Adaro Energy, an Indonesian and leading coal producer in country has achieved a record coal production during 4Q12 of 13.31 mil ...
Saturday, 02 February 13
FREIGHT MARKET MAY REBOUND AFTER CHINESE NEW YEAR - VISTAAR
COALspot.com - The freight market was soft and all the indices were down by around 5-7 pct this week.
The BDI was down 6.01 pct closing at 750 po ...
Friday, 01 February 13
ORPHEUS SELLS B26 COAL PROJECTS FOR US$ 2 MILLION TO FOCUS ON SOUTH KALIMANTAN
COALspot.com - Orpheus Energy Limited (ASX: OEG) has announced that it has sold its 51 percent equity stake in the East Kalimantan coal projects, Bl ...
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- ICICI Bank Limited - India
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Economic Council, Georgia
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
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