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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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Friday, 21 February 14
INDONESIA PLAN TO CAP COAL OUTPUT AND HIKE ROYALTY; START MUSIC
COALspot.com: Energy and Mineral Resources Ministy of Indonesia is planning to increase the royalty for coal miners particularly for Mining Business ...
Friday, 21 February 14
THE WORLD'S SECOND LARGEST COAL MINER MINED 19.2 MMST OF COAL IN A WEEK, EIA SAYS
COALspot.com – United States the world’s second largest coal producer, mined approximately 19.2 million short tons (mmst) of coal in a w ...
Friday, 21 February 14
DRY BULK MARKET SHOWS SIGNS OF LIFE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has slowly started to emerge from the downfall it's been since the start of the year, as rates have began to pick up over the c ...
Friday, 21 February 14
INDONESIA COAL OUTPUT CAP TO HURT MINERS RELIANT ON VOLUME GROWTH, FITCH SAYS
Fitch Ratings says that the credit profiles of mining sub-contractors and miners highly reliant on increasing volumes to support high debt servicing w ...
Thursday, 20 February 14
LENGTHY DELAYS TO PANAMA CANAL EXPANSION POSE GLOBAL TRADE RISKS; US COAL PRODUCERS TO GREATLY BENEFIT ONCE COMPLETE, SAYS WOOD MACKENZIE
Wood Mackenzie expects the recent cost overrun disputes around the Panama Canal expansion to be resolved with limited disruption due to the signific ...
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- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Australian Coal Association
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
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