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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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Saturday, 05 January 13
THE SHIPPING MARKET IN 2012 AND LOOKING FORWARD - BIMCO
Global Economy: Things will go up from here
The global economy continues to grow, albeit at a slower pace than previous years. The slower economic ...
Friday, 04 January 13
DRY BULK MARKET LOOKING FOR DIRECTION IN FIRST TRADING DAYS OF THE NEW YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market is actively looking for its footing at the start of the New Year, as charters have been scarce, as is usually the case during th ...
Thursday, 03 January 13
INDONESIAN SUB-BITUMINOUS COAL SWAPS CLOSED US$ 6.86 HIGHER FOR 2014 DELIVERY
COALspot.com - Swaps prices were changed positively for thermal coal for loading in the first quarter from Indonesia, according to SGX AsiaClear OTC ...
Thursday, 03 January 13
SUPRMAX FREIGHT RATE FROM RED SEA / INDIA IS AROUND MID TEENS - FEARNLEYS
Fearnleys in its weekly report said that, Indian market was very quiet in respect of export of iron ore. For Indo-India trip Supra rate was hovering ...
Thursday, 03 January 13
DRY BULK DEMAND TO KEEP RISING IN 2013, DRY BULK SHIP PRICES TO KEEP FALLING SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In a recent report on the future of the shipping markets, DVB bank said that dry bulk demand is expected to keep on growing in the coming years, mai ...
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- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- The University of Queensland
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Planning Commission, India
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
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