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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 shipment 0.15 W-O-W as of Friday, 22 February 2013, according to the data released by AsiaClear OTC coal swaps.
A commodity swap is a financial agreement whereby a floating, or spot, price is exchanged for a fixed rate over a specified contract period.
Indonesia Sub-Bit FOB Coal Swaps
Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 0.17 percent W-W but lost 0.03 percent on D-D on Friday, 22 February 2013, AsiaClear OTC coal swaps report said on Friday. Sub-Bit FOB Indonesia coal swaps for average Q2’ 2013 delivery was opened on 18th February 2013 at US$ 66.03 pmt and closed at US$ 66.20 on 22 February 2013.
Average Q4’ 2013 deliveries for sub-bit Indonesia coal swap was opened at $ 67.68 pmt on 18 February 2013 and closed at $ 67.70 on 22 February 2013. Average Q4’ delivery price has gained US cents 0.02 PMT W-o-W and US$ 0.15 D-o-D.
But, sub-bit Indonesia coal swaps for Cal 2014 delivery lost W-o-W and D-o-D.
AsiaClear OTC Sub-Bit Indonesia coal swap for average calendar 2014 delivery closed US$ 3.78 (5.70 %) higher compared to average Q2 delivery price of US$ 66.20 on 22 February 2013. In the meantime, the Q4’ 2013 coal swap has closed US$ 1.50 (2.26 %) higher than Q2 ‘ 2013 swap on 22 February 2013.
CFR South China Coal Swaps
CFR South China coal shipment for average Q2’ 2013 delivery price gained 0.17 per cent W-O-W.
In the meantime, the average Q4’ 2013 delivery price has also gained W-W and D-D. The contract for the average Q2’ 2013 prices gained US$ 0.15 W-o-W and closed at US$ 87.20 a ton on 22 February 2013. Average Q4 CFR South China coal shipment prices gained US cents 55 PMT W-W and US cents 12 per MT DoD.
CFR South China coal shipments (average Q2’ 2013 delivery) was opened at $ 87.05 on 18 February 2013 and closed at $ 87.20 on 22 February 2013 gained US$ 0.15 PMT in a week. The CFR South China coal swaps for Q4’ 2013 delivery also followed Q2 trend gained 0.62 percent W-o-W.
CFR South China coal swap for average Q4’ 2013 delivery closed US$ 1.70 higher compared to average Q2’ 2013 delivery price. The calendar 2014 coal swap has closed US$ 5.40 higher than average Q2 2013 swap.
Indonesia HBA
Indonesian government has sets its February HBA at US$ 88.35 for 6322 GAR coal.
February’ 13 HBA, US$ 0.80 higher compared to January 2013 bench mark price.
According to media reports, Energy and Mineral Resources department of Indonesia expects that, the Indonesia coal reference price (HBA) will reach over US$100 per ton this year following potential economic recovery as showed by the recent US fiscal-cliff budget deal. Government of Indonesia also planning to increase the production and export in 2013.
India
The import of steam coal to India, particularly the high calorific value power plant coal imports suddenly subject to higher duty after Indian customs officers classifying the higher calorific value coal as "bituminous coal", industry players says.
Indian customs officers recently defined any coal above 5833 on DMMF basis and Volatile matter above 14 percent as "bituminous coal" which is subject to 5% CD and a 6% CVD. Most of the power plant coal importers India, including Indonesian low GCV coal importers are expected to face risk to pay higher duty.
“Such ambiguity can result in Power Generators having to shell out about 10 percent additional duty which in turn would impact the profitability and or tariff setting, said a power producer from southern part of India.
“Indonesia’s “Ultra low GCV coal suppliers future is expected to be bright due to this new move by Indian customs”, said a coal producer from Indonesia.
If the new interpretation is accepted and continued, then India become largest “premium coal” importer in the world soon.
"Consumers are being asked to fork out high CVD not only on their current imports, but authorities are also asking them to pay taxes with retrospective effective i.e. from April 2012 onwards," according to an Indian media.
In the meantime, an another Indian media said in its report that, “the Union budget may announce a clarification on coal imports meant for electricity generation that would resolve the confusion resulting in Indian customs authorities denying importers of the fuel duty concessions granted in last year’s budget”.
China
Chinese buyers are already in the market after celebrating Lunar Year celebration for more than a week. However, according to suppliers, the bids are from China is not much attractive for suppliers.
Indonesian coal market was almost flat last week and expected some positive correction coming week, a trader said from Kalimantan.
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Thursday, 28 February 13
INDIA HAS INCREASED CUSTOMS DUTY AND COUNTERVAILING DUTY FOR POWER PLANT COAL
COALspot.com : The government of India raised basic customs duty and countervailing duty on steam coal. In the meantime government has reduced& ...
Thursday, 28 February 13
SHIP OWNERS EXPECTED TO FACE A CHALLENGING YEAR, DESPITE THE FALL OF NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Tonnage oversupply and a lagging growth in world trade demand are expected to keep shipping in the "red", despite a series of measures ado ...
Thursday, 28 February 13
PANAMAX : MARKET HAS SEEN A GOOD UPTURN OVER THE LAST WEEK - FEARNLEYS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 11k. The ...
Wednesday, 27 February 13
NEWCASTLE PORT IN AUSTRALIA SHIPPED 0.358 MILLION MT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,178,869 MT of thermal and coking coal for week ended 0700 hours 25 February 2013, Newc ...
Wednesday, 27 February 13
NEWLEAD HOLDINGS LTD. ANNOUNCES COAL SUPPLY AND DELIVERY CONTRACT
NewLead Holdings Ltd. yesterday announced that the Company has signed an agreement to supply and deliver 1.48 million metric tons of steam coal to a ...
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- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Australian Coal Association
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
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