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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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Monday, 17 December 12
SHIP PRICES TO BOTTOM OUT IN 2013 SAYS GEORGE D. GOURDOMICHALIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship values especially in older tonnage, or even modern vessels with poor quality are expected to fall further during 2013, with the market as a who ...
Monday, 17 December 12
SYNERGISING WITH PIONEERS TO DEVELOP TOMORROW'S LATIN AMERICAN RAILWAYS
Press Release: Brazil being one of the largest country in South America has one of the most dynamic rail markets in the world. Rail transport in Bra ...
Sunday, 16 December 12
FREIGHT TREND SOFTENED THIS WEEK - VISTAAR
COALspot.com - The freight market further softened this week and closed at 784 points (down by 18.84 pct). The cape index had the biggest fall ...
Friday, 14 December 12
GMR GROUP OF INDIA TO IMPORT 100K MT OF 4800 GAR COAL
COALspot.com: GMR Group of India to invite bids for 100,000 Metric Tons of imported non coking coal to be delivered during January and February 2013 ...
Thursday, 13 December 12
HANDY : WCI-CHINA RATES AROUND $ 6000 AND ECI-CHINA AROUND $ 4000 - FEARNLEYS
Handy
Atlantic market remained unchanged. Rates from USG to Feast were around USD 18k and Black Sea to Feast about USD 10k. USG-Skaw-Passero rates ...
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Showing 4461 to 4465 news of total 6871 |
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- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Parliament of New Zealand
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
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