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Sunday, 26 May 13
AMPLE SUPPLY, LOW DEMAND KEEP COAL PRICES UNDER PRESSURE
 COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have lost 0.07 percent and API 8 CFR South China Coal shipment lost 0.06percent day on day as of Friday, 24 May 2013, according to the data released by AsiaClear OTC coal swaps on Friday.
SGX has launched API 8 CFR South China Coal Swap on 29 April 2013.
A commodity swap is a financial agreement whereby a floating, or spot; price is exchanged for a fixed rate over a specified contract period.
DSP of SGX AsiaClear OTC Coal Swaps - Sub-Bit FOB Indonesia Coal
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Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have gained 0.68 percent week on week but lost 0.07 percent on day on day as of Friday, 24May 2013, AsiaClear OTC coal swap's report said. Sub-Bit FOB Indonesia coal swap for average July 2013 delivery was opened on 20 May 2013 at US$ 62.97 pmt and closed at US$ 63.40 per MT on 24 May 2013.
July 2014 deliveries for the sub-bit Indonesia coal swap was opened at US$ 65.22 pmt on 20 May 2013 and closed at US$ 65.15 per MT on 24 May 2013. Average July 2014 delivery price has flat day on day and US$ 0.07 PMT week on week.
The sub-bit Indonesia's coal swaps for Cal 2014 delivery gained all day on day, week on week and month on a month.
AsiaClear OTC Sub-Bit Indonesia coal swap for average calendar 2014 delivery closed US$ 2.45 (3.86 %) higher compared to average July 2013 delivery price of US$ 63.40 on 24 May 2013. In the meantime, the July 2014 coal swap has closed US$ 1.75 (2.76 %) higher than July 2013 swap for the same period.
The Friday’s the sub-bit Indonesia's coal swaps for July 2013, delivery gained US$ 0.88 (1.40 %) compared to for the same period last month. In the meantime, July 2014 delivery also lost US$ 0.80 (1.21 %) M-O-M.
Sub-Bit Indonesia coal swap July 2013 delivery lost day on day but gained week on week and month on a month. In the meantime, July 2014 flat date on day but lost week on week and month on month. Average calendar 2014 supplies gained day on day, week on week and month on a month.
The sub-bit Indonesia's coal swap for July 2013 has achieved highest price on 22 and 23 of May 2013. In the meantime, swap has reached its lowest level on 20 May 2013.
DSP of SGX AsiaClear OTC Coal Swaps - API 8 CFR South China Coal
SGX has launched API 8 CFR South China Coal Swap on 29 April 2013 replaced the previous swap.
API 8 CFR South China Coal shipment for average July 2013 delivery price lost US$ 0.05 per mt day on day but gained 1.50per cent week on week as of Friday, 24 May 2013.
The average July 2014 and cal 2014 delivery price also followed July 2013 lost slightly Day on Day.
The contract for the July 2013 and July 2014 prices gained US$ 1.23 and US$ 0.35 per MT respectively week on a week. July 2014 delivery price closed at US$ 86.55 a ton on 24 May 2013. Calendar 2014 API 8 CFR South China Coal shipment prices gained US$ 0.62PMT week on week but lost day on day.
API 8 CFR South China Coal swap for average calendar 2014 delivery closed US$ 3.23 (3.88 %) higher compared to average July 2013 delivery price of US$ 83.10 on 24 May 2013. In the meantime, the July 2014 coal swap has closed US$ 3.45 PMT (4.15%) higher than July 2013 swap for the same period.
API 8 CFR South China Coal swaps for July 2013 delivery have achieved a highest price on 23 May 2013. In the meantime, swap has experienced a lowest level on 20 May 2013.
Low GCV coal import ban
According to reports from medias and Platts, China's National Energy Administration is considering a proposal to ban the import of coal with calorific value on NAR basis below 4540 kcal/kg.
The media reports are further saying that, if the ban materialized, then it would favor Australian, US, Russian and Colombian coal producers who used to produce higher GCV coal. In other hand, the Indonesian coal producers will get hit heavily as majority of Indonesian coal productions are categorized as lower calorific value coal, and the majority of low GCV coal also depends on India and China market. Indonesian domestic market is able consume only around 80 million tons of coal per annum.
According to banks and coal industry analysis, Indonesia is currently exporting at least 50 million tons of low GCV coal per annum to China. If the China’s National Energy Administration go-ahead with its plan to ban coal with calorific value below 4540 kcal/kg on NAR basis, then Indian coal consumers will enjoy a low-price coal from Indonesia.
In the meantime, if Chinese proposed ban implemented, then it would put pressure on Indonesia's low GCV coal producers, specifically small-scale coal producers. It will also put pressure on high GCV coal consumers, as higher GCV coal prices will move stronger than now.
"If Chinese ban executed, this legislation could be the market-changing catalyst thermal coal has been desperately seeking," Macquarie said, as quoted by medias.
Low GCV coal export ban?
However, market doesn't know how Indonesian government will react on this ban proposal, as Indonesia also drafted a regulation during 2nd half of 2011 to ban the export of coal with calorific value below 5700 on GAD basis by 12 January 2014. The regulation was suspended or delayed due to protest from Indonesian low calorific value coal producers. According to mining law 4/2009 and subsequent regulations, unprocessed or the coal that not added any value will be banned by 12 January 2014 for export.
If China executes its ban, then indirectly the regulation may help the Indonesian government to implement its original plan to ban low GCV coal exports.
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Planning Commission, India
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Marubeni Corporation - India
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