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Tuesday, 25 February 14
SGX'S MONTHLY VOLUMES DRASTICALLY INCREASED AND REACHED A RECORD OF 810K TONNES YEAR-ON-YEAR
COALspot.com: SGX Thermal Coal derivatives started the new year with record volumes in January on the back of higher volatility, says SGX.
According to SGX, monthly volumes drastically increased year-on-year to reach a record of 810,000 tonnes. The one-day volume record was also renewed at 240,000 tonnes. Meanwhile open interest continued its growth for the seventh consecutive month to also set a new record at 925,000 tonnes.
Performance for the Indonesian Sub-Bituminous coal, in particular, stood out as monthly volumes also grew to record highs of 570,000 tonnes. According to SGX, key contributing brokers to the growing volumes and open interest in January are GFI Group and Marex Spectron.
SGX further said, customers were well-diversified from various segments of the industry. Traders, Power generation companies and Miners each account for a sizable portion of volumes in 2013 at 38%, 32%, and 24% respectively. Banks constituted the remaining 6% of participation.
Meanwhile, a high correlation (approximately 75%) between SGX API 8 CFR China Coal and ZCE thermal coal active-month prices also reflects close links between the sea-borne and domestic China thermal coal market.
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According to Standard Chartered Bank research, oversupply in both Global and Asian thermal coal markets will continue into 2014. This coupled with caution around slowing growth in emerging economies is expected to put downward pressure on thermal coal prices. Typically, being the cheapest and hence largest source of fuel for power generation in developing economies, coal is often the first among commodities to be impacted by energy demand and economic growth forecasts in these regions. As cited in media reports, in recent weeks, China-based coal firms and in particular, bank lending to these firms have come under scrutiny for risk of defaults due to softening coal prices and liquidity crunch. Hedging against significant price risk and counterparty credit defaults becomes even more important under such a market environment.
Rising Front Month Price Volatility
In addition, price volatility in recent months has also been inching up. Front month daily price volatility for SGX API 8 CFR China Coal derivatives broke out of the 4% range in December 2014 for the first time in more than a year. Similarly, price volatility for SGX Indonesian Sub-Bituminous Coal derivatives hit 4% for the first time in 6 months all pointing towards rising volatility in coal resulting in increasing need for hedging price risk, SGX says its latest note.
Source: SGX
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Sunday, 02 March 14
THE FREIGHT MARKET WAS STEADY TO FIRM THIS PAST WEEK - CAPT. REDDY
COALspot.com: The freight market was steady to firm this past week. The BDI was up 7.06 pct and closed at 1258 points and the cape index was also fi ...
Friday, 28 February 14
PTBA TO INCREASE ITS COAL TERMINAL'S LOADING CAPACITY TO 25 MILLION TONS PER ANNUM BY JULY 2014
COALspot.com: PT. Bukit Asam (PTBA), the Indonesian government owned coal miner operates several coal mining units in Sumatera as well as in Kaliman ...
Friday, 28 February 14
U.S PRODUCED 1.9% LESS COAL WEEK ON WEEK
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal in ...
Friday, 28 February 14
DRY BULK MARKET SLOWLY BUT STEADILY FINDS ITS FOOTING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, hit by the low seasonal demand which is a typical characteristic of the first quarter of each year, is beginning to emerge from ...
Thursday, 27 February 14
PANAMAX : MARKET CONTINUED TO DECLINE IN THE ATLANTIC
Handy
The Atlantic handy/supra market experienced a downward trend this week but not a dramatic one. TA rates are down around USD 800 w-o-w lead b ...
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Showing 3826 to 3830 news of total 6871 |
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- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- PTC India Limited - India
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Deloitte Consulting - India
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Planning Commission, India
- Australian Coal Association
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
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