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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, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Planning Commission, India
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- The University of Queensland
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- GMR Energy Limited - India
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