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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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Monday, 28 September 20
NEW LNG PROJECTS - ALL DRESSED UP AND NO PLACE TO GO - WOOD MACKENZIE
It was meant to be another boom year. After a record 70 mmtpa of new LNG capacity was sanctioned in 2019, at least as much capacity was lined up fo ...
Thursday, 24 September 20
SUPRAMAX: INDO TO INDIA FIXING AROUND US$13,000 - FEARNLEYS
Cape
Over the last week the iron ore segment from Brazil to China has picked up, and we see freight rates up USD 2 (12%) week on week Fearnleys ...
Thursday, 24 September 20
KOREA MIDLAND POWER TO BUY 1.92 MILLION TONS OF 4,300-4,700 NCV COAL FOR THREE YEARS
COALspot.com: Korea Midland Power Co. Ltd, has issued an International tender for 640,000 MT 4,300-4,700 kcal/kg NCV coal per year.
  ...
Wednesday, 23 September 20
VIETNAM'S NEW POWER DEVELOPMENT PLAN MUST OPTIMIZE RENEWABLES AND AVOID FOSSIL FUEL LOCK-IN: IEEFA
EVN’s financial constraints leaves the utility with little room for error
Implementing Vietnam’s soon-to-be-launched next Power De ...
Wednesday, 23 September 20
MARKET INSIGHT - INTERMODAL
Undoubtedly, this year (ongoing) will never be forgotten because in a matter of months it has managed to severely affect and shape our day to day p ...
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- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Malabar Cements Ltd - India
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- The University of Queensland
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
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