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Thursday, 10 July 14
SGX EXPANDS ACROSS THE BULKS WITH NEW COAL PRODUCTS
COALspot.com: Singapore Exchange (SGX) is expanding its bulk commodity derivatives offering by launching new coking and thermal coal products on 4 August 2014. According to SGX's e-mail note, In addressing the market’s needs for more effective risk management solutions on commodities, SGX is launching new coking and thermal coal products early next month.
Coking Coal – enhancing the steel derivatives complex
Coking coal, also known as metallurgical coal, is a key raw material in the production of steel. Today, the majority of seaborne coking coal trade flow is concentrated in the Asia Pacific region. Australia makes up well over half of total seaborne supply, while approximately two thirds of demand is from major North Asian steelmaking regions (such as China, Japan, Korea, Taiwan & India).
Comprising approximately one-third of the variable cost in the production of crude steel, fluctuations in coking coal prices can significantly impact steelmaker profitability. Furthermore, the industry is transitioning towards wider adoption of shorter-term spot and index-linked pricing, adding greater price volatility and uncertainty across the steel value chain.
SGX believes that, the new SGX Coking Coal Swaps and Futures will augment the existing Iron Ore and HRC Steel derivative contracts. Market participants can more effectively lock in the ‘hot metal spread’ on one single clearing platform, and at the same time benefit from inter-commodity margin offsets, improving capital efficiency.
A note from SGX further said that, with increasing adoption of shorter-term index-linked pricing, SGX will launch two new premium hard coking coal derivative contracts (FOB Australia & CFR China) to support market participants with more effective price risk management solutions across the steel value chain.
Thermal Coal – all major Asian prices: one time-zone, one platform
Asia is both a key producer and consumer of thermal coal.
A decade ago, Asia accounted for approximately half of seaborne thermal coal demand. Today, Asian accounts for about three quarters of total seaborne demand. China and India in particular have been key drivers of seaborne thermal coal demand growth in recent years, while Indonesia and Australia are key exporters of the commodity, said SGX.
According to SGX, to serve the needs of the growing Asian thermal coal market, SGX is expanding its existing thermal coal product offerings (API 8 and IHS McCloskey Indonesian Sub-Bituminous Coal derivatives) to include derivatives based on the API 4 and API 5 indices.
API 4 is the price benchmark for thermal coal exported FOB (free-on-board) from Richards Bay in South Africa. While South African exports were historically more of a European market, the market has evolved in recent years and Asia now accounts for a majority of API 4 demand.
API 5 meanwhile is the price benchmark for thermal coal exported FOB from Newcastle in Australia, which has become an increasingly important reference price as Chinese imports have risen.
SGX enhances its suite of bulk commodity products with four new coking and thermal coal derivative products. These new contracts will complement our existing AsiaClear products to provide customers with access to even more effective, efficient and comprehensive risk management. According to SGX, all four contracts will be launched on 4 August 2014.
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Monday, 12 May 14
DRY BULK MARKET IS STILL STRUGGLING TO FIND FIRM FOOTING
COALspot.com: The freight market continued to be weak and the BDI closed slightly lower at 997 points or fell 1.96 pct week on week. The cape in ...
Friday, 09 May 14
RBCT SHIPPED 5.4 MMT OF COAL IN APRIL
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest coal export terminal in the world, shipped 5.45 million to ...
Friday, 09 May 14
DRY BULK MARKET: BANKRUPTCY TONNAGE UNLEASHED
Drewry’s latest Dry Bulk Forecaster saw freight rates on most routes declined in 2014’s first quarter as the previous quarter’ ...
Friday, 09 May 14
UNITED STATES COAL PRODUCTION SLIGHTLY SLIDES TO 82.4 MMST IN APRIL
COALspot.com – United States the world's second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal i ...
Thursday, 08 May 14
'TRIAL BY MEDIA, TRIAL BY LAW' - A REPORT FROM TRACK 1 OF BIMCO'S ANNUAL CONFERENCE DUBAI 2014
KNOWLEDGE TO ELEVATE
Aiming to bring a very different type of event into their annual conference, BIMCO presented ‘Double Jeopardy &n ...
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- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Mjunction Services Limited - India
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
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