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Wednesday, 04 December 13
SGX'S MONTHLY VOLUMES REACHED A RECORD HIGH OF 705,000 MT IN NOVEMBER 2013
 COALspot.com: SGX has announced that, it monthly volumes have reached a record high of 705 lots (705,000 mt) in November 2013 with month-end open interest touching an all-time high of 605 lots (605,000 mt).
According to SGX, the participation in SGX thermal coal markets were represented by natural hedgers (power generation & mining companies), global and Chinese trading firms and international banks. These record volumes and open interest were supported by thermal coal desks at various interdealer broking houses and in particular GFI Group Pte Ltd and Marex Spectron Asia Pte Ltd who between them represented the majority share of the market.
“SGX is thankful and appreciative of its customers and the interdealer brokers in contributing towards the development of this marketplace”, SGX said in a note. Of encouraging note is the greater acceptance of the API 8 index with record volumes hitting an all-time high of 460 lots (460,000 mt) this month. According to SGX, this is reflective of Chinese demand for physical coal in preparation for the upcoming winter and also due to low coal stockpiles both at the port and power plants. Front month prices have become more volatile leading to increasing hedging activity.
SGX further said in its note, for the first time, total cleared volumes on API 8 has crossed 2 million tons in a month across all exchanges. In comparison to sea-borne imports into China, this is still a small number with potential for significant growth. According to Standard Chartered Bank research, in 2012, China imported about 200 million tons of coal across all grades and that number is estimated to be 260 million tons for 2013.
In late September, Zhengzhou Commodity Exchange (ZCE) launched a thermal coal futures contract. Liquidity in ZCE’s contract are observed in its May 2014 contract month followed by Jan 14 contract. Correlation of daily settlement prices of SGX’s API 8 coal contract and ZCE’s thermal coal contract shows a strong correlation on the front of the curve while price behavior around the midpoint of the forward curve represents conflicting viewpoints. This price behavior is based on limited data points observed between 8th October 2013 to 30th November 2013, SGX said in its note.
SGX offers thermal coal swaps and futures contracts on SGX API 8 CFR China Coal Index and SGX IHS McCloskey Indonesian Sub-bit FOB Index.
The combination of swaps and futures is designed to meet the needs of customers with a choice of instruments. The futures contracts are fully fungible with their corresponding swaps currently cleared by SGX-DC. Customers can enjoy margin offsets of up to 70% on calendar or inter-commodity spread trades between SGX API 8 CFR China coal and SGX IHS McCloskey Indonesian Sub-Bit FOB coal derivatives. These margin offsets are also applicable between swaps and futures.
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Friday, 17 January 14
DRY BULK MARKET ENDS DECLINE, BOUNCES BACK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It's been a rough start to the New Year for the dry bulk market, which was supposed to be on the verge of rallying to new heights this year, on the ...
Friday, 17 January 14
SPOT COAL PRICE TRENDS IN US VARY ACROSS KEY BASINS DURING 2013, SAYS EIA
COALspot.com: Spot steam coal price trends in US varied across key basins in 2013, a latest EIA report says. Compared with 2012, while total coal de ...
Thursday, 16 January 14
PANAMAX : THE GAP BETWEEN SPOT AND PERIOD HAS INCREASED IN BOTH HEMISPHERES - FEARNRESEARCH
Handy
In the Atlantic we have seen rates slowly sliding on lack of enough fresh business. USG/Continent still paying excess 28k and seems on an upw ...
Thursday, 16 January 14
SHIP OWNERS SCRAP 1,119 SHIPS DURING 2013 ON THE BACK OF OVERSUPPLY ISSUES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Scrapping of older vessels is still the best bet that ship owners can make, in order to improve their newer vessels' fortunes, amid an oversupply o ...
Wednesday, 15 January 14
KOREA MIDLAND POWER CO INVITES BIDS FOR 360K MT OF SUB-BITUMINOUS COAL FOR ITS BORYEONG PLANT
COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International open bidding for 360,000 Metric Tons (MT) of sub-bituminous ...
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- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Australian Coal Association
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Parliament of New Zealand
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
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