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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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Thursday, 05 December 13
PANAMAX : THE FIRM TENDENCY CONTINUES - FEARNRESEARCH
Handy
It has been an active week for the Supramax and Handysize segment. USG is almost boiling and charterers looking to cover their December stems ...
Wednesday, 04 December 13
INDONESIAN COAL EXPORTS VOLUME AND REVENUE IN OCTOBER MARCHED TOWARDS NORTH
COALspot.com: Indonesia, the world's 4th largest coal producer and the largest multi grade coal exporter shipped over $1.76* billion worth of ...
Wednesday, 04 December 13
WEST AUSTRALIA IRON ORE FIXTURES ALSO CONTINUING TO PROVIDE A STEADY FLOW OF BUSINESS FOR CAPES - INTERMODAL
The Dry Bulk market has reversed course this past week, bringing back some of the lost excitement of the past month, as all size segments climbed hi ...
Wednesday, 04 December 13
THE BUYERS' DEMAND IS CONTINUOUSLY BULLISH - KONSTANTINOS KONTOMICHIS
The very low rates that prevailed for the bigger part of 2013 seem to have prepared the ground for buying opportunities for shipping investors. The ...
Wednesday, 04 December 13
SGX AND CFA TO COLLABORATE TO DEVELOP DERIVATIVES MARKETS IN CHINA AND SINGAPORE
Singapore Exchange (SGX) and the China Futures Association (CFA) are cooperating in the development of derivatives markets in China and Singapore.
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- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- The University of Queensland
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Xindia Steels Limited - India
- ASAPP Information Group - India
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
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