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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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Thursday, 24 January 13
INDO - INDIA NOW AT APS $ 8K + BB USD 90000 - FEARNLEYS AS
Handy
The Atlantic market remains stable as supply of tonnage is still in excess of demand. USG- Far east fixed at $18k and CONT-FEAST at $ 11k. Pa ...
Thursday, 24 January 13
DRY BULK MARKET FALLS ON TROPICAL CYCLONE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been on the downside during the past couple of days, mainly as a result of the tropical storm which forced ports to close do ...
Tuesday, 22 January 13
PORT OF ANTWERP HANDLES 7.0 PERCENT MORE COAL IN 2012 Y-Y
COALspot.com - The port of Antwerp handled 184,134,516 tonnes of freight last year.
This represents a drop of 1.6% compared with 2011, when the v ...
Monday, 21 January 13
NEWCASTLE PORT SHIPPED 10.21 PERCENT LESS COAL W/E 21 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 2,804,152 MT of thermal and coking coal for week ended 0700 hours 21 January 2013, Newca ...
Monday, 21 January 13
PANAMAX DRY BULK CARRIERS AND AFRAMAX TANKERS PROVED TO BE THE "WEAPON OF CHOICE" FOR MOST SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With ship financing getting ever so difficult to procure during the past year or so, ship owners had to get creative in order to persuade banks and ...
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Showing 4411 to 4415 news of total 6871 |
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- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Australian Coal Association
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
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