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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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Thursday, 27 February 14
SHIPPING LOANS WORTH $5 BILLION HAVE CHANGED HANDS OVER THE PAST YEAR, AS FUNDS INVEST IN SHIPPING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Funds investing in shipping has been the "talk of the town" over the past couple of years, as institutional investors, private equity and ...
Thursday, 27 February 14
NEWCASTLE COAL EXPORTS SLIP 26.68 PERCENT WEEK ON WEEK
COALspot.com: In the week ended 24 February 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2. ...
Wednesday, 26 February 14
SMALLER SIZE SEGMENTS HOLDING ON TO THEIR LEVELS; CAPES CORRECTING UPWARDS - INTERMODAL
Chartering (Wet: Stable- / Dry: Stable+)
The Dry Bulk market continued to improve this past week, on the back of rates for the smaller size s ...
Tuesday, 25 February 14
GBCE, A COAL UPGRADING TECHNOLOGY DEVELOPER, APPOINTS RICHARD BULMAN AS PROJECT DIRECTOR
Press Release: GB Clean Energy Ltd. (GBCE) announced today the appointment of Richard Bulman as Project Director. In this capacity Mr. Bulman ...
Tuesday, 25 February 14
ULTRAMAXES ARE THE 'WEAPON OF CHOICE' FOR DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It's been a busy start in 2014, as the first month of the year was a rather active in terms of second hand vessel purchases and newbuilding orderin ...
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- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Planning Commission, India
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- White Energy Company Limited
- Thiess Contractors Indonesia
- PTC India Limited - India
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Marubeni Corporation - India
- CNBM International Corporation - China
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
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