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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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Tuesday, 26 February 13
10TH CLEAN COAL FORUM WILL BE HELD ON JUNE 2013
CDMC Events will be presenting the 10th Clean Coal Forum 2013 on June 13 - 14, 2013 in Beijing,China.
It will make you understand regulatory asp ...
Sunday, 24 February 13
BDI FELL 1.72 PERCENT BUT FREIGHT MARKET FAIRLY STEADY - VISTAAR
COALspot.com - This freight market has been fairly steady this week but, BDI fell1.72 pct and closed at 740 points.
The cape index also joins BDI ...
Saturday, 23 February 13
IHS MCCLOSKEY 20TH ANNUAL COAL CONFERENCE OF THE AMERICAS
IHS McCloskey 20th Annual Coal Conference of the Americas to be held on 13-14 March 2013 in Cartagena, Colombia
IHS is pleased to invite you to t ...
Thursday, 21 February 13
HANDY : THE PACIFIC MARKET GOT FIRMED UP AS CHINESE CAME BACK FROM HOLIDAYS - FEARNLEYS
Handy
The Atlantic saw more cargoes than last week but rates remained unchanged as lot of ships in the market. The USG-Feast was at USD 18k and Bla ...
Thursday, 21 February 13
SPRING COAL PROCUREMENT 2013 IS ABOUT TO TAKE PLACE
In 2012, “Steady Growth” had set the keynote for China’s economic development. Guided by the principle of progressing steadily, do ...
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- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- White Energy Company Limited
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Medco Energi Mining Internasional
- Australian Coal Association
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
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