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Thursday, 09 July 09
NO TRADE ON AUSTRALIA'S ASX COAL FUTURES DEBUT
*ASX's deliverable thermal coal futures debut without trade
*ASX says futures could present new arbitrage opportunities
The debut of Australia ASX Ltd's first deliverable thermal coal futures failed to attract any business on its Tuesday launch.
The coal futures, based on free-on-board Newcastle coal, saw no bids, offers or deals placed. The front-month October contract settled at $71 a tonne.
"Liquidity will take some time to build up. It didn't happen overnight for globalCOAL and likewise, this will take some time to gather momentum," said an Australian-based trader.
ASX's thermal coal futures competes with the futures contracts launched in December by Intercontinental Exchange using electronic trading platform globalCOAL's NEWC price benchmark.
The deliverable feature on ASX's futures separates it from ICE's NEWC coal futures contract, which is a financial product.
Participants can use the contract either directly through the ASX platform or place their bids or offers with their over-the-counter brokers.
Trading hours for the contracts are between 8:34 am - 4:30 pm (Australian Eastern State time) and between 5:14 pm - 7:00 am.
The launch of ASX's coal futures in a region where large buyers have been slow to embrace hedging, have prompted some market players to question if the platform can gather sufficient liquidity.
"This is a new product altogether and we expect it will draw a new pool of liquidity from existing market players," Anthony Collins, general manager of emerging markets at ASX, told Reuters. "It won't be stealing liquidity from globalCOAL."
ASX said its deliverable coal futures and options contracts could serve as a forward price alternative to the existing editorial and over-the-counter (OTC) derived indexes used for swap contracts and index-linked supply agreements.
It said it will also present opportunities to arbitrage existing index-based swaps and related option products.
Source: Reuters
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Saturday, 04 July 09
S. AFRICA'S RICHARDS BAY TO CAP NEW COAL VOLUMES, MININGMX SAYS
South Africa’s Richards Bay Coal Terminal is proposing restrictions on the quotas it awards to coal exporters from the so-called Phase 5 expansi ...
Saturday, 04 July 09
DALRYMPLE BAY COAL TERMINAL EXPANSION COMPLETE
BABCOCK & Brown Infrastructure has completed expansion of the Dalrymple Bay Coal Terminal (DBCT) near Mackay, Queensland.
The terminal is now ...
Friday, 03 July 09
CHINA SHENHUA TO DOUBLE COAL CAPACITY BY 2014-PAPER
China Shenhua Energy Co Ltd plans to double its annual coal production capacity by 2014 from this year's level, the China Securities Journal report ...
Friday, 03 July 09
UKRAINE CUTS COAL PRODUCTION 9.3 PERCENT IN H1
Ukraine reduced coal production approximately 9.3%, or by 3.673 million tonnes, to 35.879 million tonnes in the first half of 2009 compared to the s ...
Thursday, 02 July 09
PETCOKE BOOMS AS CEMENT MAKERS TRY TO REPLACE COAL
* Cement makers led by Asia chase petcoke to replace coal
* Petcoke prices up $10/T Feb-Jun, set to rise further
* Domestic U.S. petcoke demand ma ...
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- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Planning Commission, India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
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