We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 25 August 10
CME GROUP WILL LAUNCH NEW COAL CONTRACTS
 Press Release: CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of trading and clearing services for four new swap futures and options on swap futures contracts.
These new contracts are settled against the API 2* and API 4* indexes published in the Argus/McCloskey’s Coal Price Index Report. Trading will be available on the New York trading floor and CME ClearPort, a set of flexible clearing services open to over-the-counter (OTC) market participants to substantially mitigate counterparty risk and provide neutral settlement prices across asset classes. Trading and clearing are scheduled to begin on September 12 for trade date September 13. These contracts will be listed by NYMEX and subject to the rules and regulations of NYMEX and CME.
The indexes used for clearing and settlement are compilations of prices for steam coal, which is used for the production of electrical power, and are jointly calculated and published by Argus and IHS McCloskey, part of IHS (NYSE: IHS). The API 2 index is the international price benchmark for coal imported to northwestern Europe. The API 4 index is the international price benchmark for coal exported from the Richards Bay terminal in South Africa.
“Coal, which we have listed since 2003, continues to be an essential global commodity that our customers use to meet future energy needs,” said Joe Raia, CME Group Managing Director of Energy Products and Services. “Coal processors, producers, commercials and banks who lend money to international coal operations all have price exposure, but trading in international coal still represents less than 20 percent of the total coal consumed. Swap futures on these new coal contracts, which clear as regulated futures contracts, can be used as a means to hedge their activity related to these markets in an environment in which counterparty credit risk is mitigated.”
“The API 2 and API 4 price assessments are the key benchmarks for the international coal industry and are used heavily in spot, term and derivative contracts,” said Adrian Binks, chairman and chief executive of Argus Media. “As 95 percent of the world's traded coal derivatives are settled on the API 2 and API 4 indexes, it makes sense for CME Group to develop their new trading instruments around these key prices. We wish CME Group every success with their new contracts, which will add to the portfolio of risk management services available to coal market participants."
“We are delighted that the world’s oldest, and one of the most prominent, futures and options exchanges is to list coal contracts for trading and clearing that are settled against the API 2 and API 4 indexes,” said John Howland, Publisher, IHS McCloskey. “We are confident that this will enhance liquidity in all API 2 and API 4 related markets by bringing these risk management tools to new players. IHS McCloskey was one of the first to launch international coal indexes nearly two decades ago and today the vast majority of the world's internationally traded coal derivatives use the API 2 and API 4 indexes for price settlement.”
The four new financially settled listings beginning with the October 2010 contract month include:
Coal (API 2) cif ARA (Argus/McCloskey) Swap Futures
Coal (API 2) cif ARA (Argus/McCloskey) Option
Coal (API 4) fob Richards Bay (Argus/McCloskey) Swap Futures
Coal (API 4) fob Richards Bay (Argus/McCloskey) Option
The monthly futures contracts will be 1,000 metric tons in size, with a minimum price fluctuation of $0.05 (5 cents) per metric ton. CME Group customers who trade the recently launched Dry Freight contracts will be eligible for capital efficiencies by cross margining against the coal index contracts. For more information on the contracts, please go to www.cmegroup.com/coal.
Source: Futuresmag
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 19 June 10
STRONG DEMAND, RISING PRODUCTION SETTING SCENE FOR COAL BONANZA - THE JAKARTA GLOBE
The Jakarta globe rerported that, As the nation’s coal miners enjoy burgeoning demand from energy-hungry economies such as China and India, th ...
Saturday, 19 June 10
DRY BULK MARKET DOWN ON CHINESE SLOWDOWN FEARS
Dry bulk freight rates have been on a freefall for more than two weeks now, something which has caused the industry’s benchmark, the Baltic Dr ...
Saturday, 19 June 10
COAL INDIA KEEN ON BLOCK DEVELOPMENT IN INDONESIA - THE HINDU BUSINESS LINE
Expanding horizon
Agreement by the Indonesian Government is likely to help CIL gain foothold in India's largest sourcing point of thermal coal.
...
Friday, 18 June 10
THE PANAMAX MARKET CONTINUED ITS SOFTENING TREND - FEARNBULK
Handy
Flat Atlantic markets with most markets in ´slow mode´ due to holidays in China.
Supramax vessels open in the USG are achievi ...
Thursday, 17 June 10
INDONESIAN COAL PRICE REFERENCE FOR JUNE IS US$ 97.22/TON UP 5.59 PERCENT
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has been publishing a monthly coal price reference (HBA) to be us ...
|
|
|
Showing 5771 to 5775 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Planning Commission, India
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- The University of Queensland
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
|
| |
| |
|
