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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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Sunday, 03 November 13
H2' 2014 INDONESIAN COAL PRICE ( SWAPS) SHOWS POSITIVE TREND
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’2014 delivery gained 0.24 percept week on week on Friday 1 ...
Sunday, 03 November 13
THE CAPE SIZE INDEX FELL 13.61 PCT W-W
COALspot.com: The freight market continued to soften on the cape and panamax sectors , however the supramax and handy size remained fairly firm.
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Saturday, 02 November 13
DRY BULK SHIPPERS AREN'T CELEBRATING, BUT THEIR SILENCE IS GOLDEN - MARKET REALIST
In October, performance for major dry bulk shipping companies was mixed. Companies like DryShips Inc. (DRYS) had pulled back more than Diana Shippin ...
Friday, 01 November 13
US'S COAL PRODUCTION UP 0.9 PERCENT W-W
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.3 million short tons (mmst) of coal in ...
Friday, 01 November 13
DRY BULK MARKET IN FIRST POSITIVE SIGN IN DAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Owners of dry bulk carriers are well aware of the rollercoaster ride that has been the market for their vessels over the past few years. This trend ...
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- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Anglo American - United Kingdom
- CNBM International Corporation - China
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- The Treasury - Australian Government
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- MS Steel International - UAE
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
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