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Saturday, 23 June 12
COAL PRICES APPETITE FOR ROLLER-COASTER RIDES
COALspot.com - SGX AsiaClear OTC Coal Swaps have suffered something of a roller-coaster ride in terms of prices during this week. SGX’s Indonesian sub-bituminous coal and CFR South China coal contracts swaps for August delivery lost its direction during this week, but ended with a little positive trend.
SGX’s Indonesian sub-bituminous coal swaps for August delivery dropped only 0.58 percent WoW and CFR South China coal contracts drops only 0.28 percent on W-o-W.
According to DSP of SGX AsiaClear OTC coal swaps, Indonesian sub-bituminous coal swaps for August 2012 delivery closed at US$ 62.13 / MT on 22 June 2012 (Friday), 8pm SG Time compared to Monday opening of US$ 61.77 / MT. Indonesian sub-bituminous coal swaps gained 0.58 percent compared to Monday (18/6/2012) Opening and Friday (22/6/2012) closing. In the meantime, CFR South China coal contracts closed at US$ 86.25 on Friday instead of US$ 86.50 on Monday opening.
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The August 2012 swap contract for Indonesia sub-bituminous coal was opened on Monday at US$ 61.77 / MT and closed on Friday at US$ 62.13 / MT gained US$ 0.36 (0.58 percent W-o-W) , according to SGX AsiaClear OTC Coal Swaps.
CFR South China Coal contracts fell US$ 0.25 (-0.28 percent W-o-W) to US$ 86.25 per mt for the same period. Indonesia sub-bituminous coal August delivery gained 1.88 percent US$ 1.15 per ton DoD and CFR South China Coal gained 0.46 percent or US$ 0.40 per ton DoD.
A commodity swap is a financial agreement whereby a floating, or spot, price is exchanged for a fixed rate over a specified contract period.
The Q4 deliver of Indonesia sub-bituminous coal was gained US$ 1.37 / MT to US$ 64.85 a metric ton on Friday from US$ 63.48 on Monday opening. CFR South China Coal contract declined US$ 0.45 (-0.50 percent) per mt to US$ 88.55 compared to Monday opening of US$ 89.00, according to data released by SGX.
Indonesian sub-bituminous coal swap for August delivery drops -11.43 percent M-o-M and the meantime CFR South China coal contracts for August delivery dropped -8.97 percent M-o-M.
The Q4 swap contract for Indonesia sub-bituminous coal was also dropped -8.84 percent M-o-M and CFR South China coal contracts dropped -7.87 percent M-o-M.
Falling coal prices send miner’s share price into a steep decline. Indonesian coal miners shares were dropping since early of this month. However Indonesian big scale coal miners are still clam and they believe the current coal price trend will be changed soon.
Bumi Resources, the Indonesia's largest coal producer, doesn’t want to review their expansion plan for 2013 in light of the current coal price weakness, According to Dileep Srivastava, corporate secretary of company.
"We view present spot weakness as temporary, seasonal and rise as winter approaches", he said in a note.
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Friday, 23 February 24
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Showing 31 to 35 news of total 6871 |
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- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Eastern Coal Council - USA
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