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Wednesday, 14 May 14
COAL PRICES IN CHINA HAVE DROPPED TO THEIR LOWEST LEVELS SINCE END-2008
COALspot.com: Coal prices in China have dropped to their lowest levels since end-2008, Fitch says in its latest rating report on one of the coal mining company in China. Fitch expects coal prices to stabilise as customers start re-stocking and more of the smaller miners in China close, market conditions are not likely to improve meaningfully in the next 12 to 24 months.
Fitch also believes cost control is the only lever coal producers in China still have to weather the weak market conditions over the next two to three years, in the absence of any strong policy support to curb cheaper coal imports.
Fitch also expects China's new price-based resource tax on coal mining - instead of a volume-based tax previously - to exert further pressure on Chinese domestic coal producers.
According to Fitch, the new tax, which is likely to be adopted in the near term, will probably, be around 5% of the selling price. That means the tax burden for coal miners could be roughly five times that under the current volume-based tax, although in practice the impact would be tempered by netting off other taxes against the higher resource tax.
"we expect this could accelerate market consolidation by squeezing out smaller, weaker players, which would benefit larger miners in China in the longer term", Fitch concluded.
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Monday, 26 May 14
SUB-BIT FOB INDO COAL SWAP Q1' 15 DELIVERIES CLOSED AT US$ 59.40 PER MT
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...
Monday, 26 May 14
Q3 14 CFR SOUTH CHINA COAL SWAPS LOST 2.24% MONTH ON MONTH
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 2.24 percent month on month and closed at US$ 73.88 per mt as on F ...
Monday, 26 May 14
NEWBUILDING ORDERING ACTIVITY RISES BY 78% IN DWT TONNAGE OVER THE FIRST 4 MONTHS OF THE YEARS, AS OWNERS INVEST$40.5 BN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have plunged into newbuilding orders during the first four months of the year, as overall newbuilding business ended for the first four ...
Sunday, 25 May 14
FREIGHT RATES FROM SOUTH KALIMANTAN TO EAST COAST INDIAN PORTS WERE ASSESSED AT $9.50/MT
COALspot.com: The BDI was closed at 964 points down by 6.13 pct week on week. The Cape Index was lost 172 points or 11.24% week on week and closing ...
Saturday, 24 May 14
DRY BULK MARKET'S RECOVERY IS JUST AROUND THE CORNER SAYS SHIPOWNER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the weaker than expected market sentiment in the dry bulk market over the course of the past few months, analysts and shipowners alike appe ...
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- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
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