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Tuesday, 20 December 11
THE COAL IMPORT INTO CHINA WAS QUIETER AS COAL STOCKS WERE AT HIGH LEVELS - BRS
 The BDI ended the week at 1888 points (-1.8%), the BCI corrected to 3572 (-3.4%), the BPI was up at 1,775 (+3.6%), the BSI dropped to 1193 (-3.0%) and the BHI down to 588 points (-2.3%).
Capesize
After peaking at just under $33,000 per day last Monday, the Capesize 4TC experienced a steady slide during the week, with a notable reduction in cargoes in the run-up to the holidays. As a result, Tubarao-China rates fell below $30 again, while the Pacific dropped under $13. Overall however the correction was not too severe – the BCI dropped 3% w-o-w - and while there was a decline at the start of the week it was relatively modest. The coming days are not expected to be eventful, but while January FFA prices climbed $3,000+ over the week, there is still a sharp drop anticipated in the paper market in the New Year, with December’s levels in the $30,000s dropping to the $20,000s in January.
Panamax
The 4TC average gained $500 this week to close at $14,200 per day. The Pacific showed a surge of $1,000 per day mainly due to firm grain activity out of Nopac and ECSA (attracting ballasters from the east). The coal import into China was however quieter as coal stocks were at high levels. On the other side, the Atlantic gained $400 Friday to Friday and closed at $15,800 per day. This basin was relatively stable with a balance of ships and cargoes; a premium of more than $1,500 per day compared to the TA round was paid for some earlier vessels able to make the USG within December. The Indian Ocean was quiet and the India/China route was paying $14/14.50 pmt and on the short period front, the market remained at the same level as last week, paying around $12,500 per day for LME 74,000 dwt delivery North China redelivery worldwide.
Supramax/Handy
The Baltic Supramax Index went down by 37 points to finish at 1,193 points last week, while the average of the time charter routes lost about $381 daily to finish close to $13,000 per day. In the east, the market showed more activity, but not enough to support the market. There was a slight improvement in the rates from India to China which fixed at $10,000 daily. Indonesia to India and Nopac remain steady respectively at $8,000 plus equivalent bb and $7,500 daily. In the Atlantic, the USG to Med rate declined, with Supramax getting fixed at $24,000 daily, while USG to Far East was done below $30,000 daily. The market was sustained by a few requirements ex ECSA to Far East in the very high teens and interest for short period at low-mid $11,000 daily, delivery east redelivery worldwide. On the smaller sizes, the Baltic Handysize index went down by 14 points to finish at 588 points while the time charter routes lost $172 to reach $8,425 daily. The market in the east revealed more scrap/steels cargos from north to south east Asia at $5,500 per day, which helped to release a bit of pressure on the rates. In the Atlantic a lack of cargos ex Black Sea, Continent and USG drove the rate down. Med/Cont to USG was worth $7,000, and USG to Cont $15,000. However, activity was supported with more grain cargos ex upriver to Med getting fixed at $15,000 daily.
Source: Barry Rogliano Salles
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Thursday, 15 March 12
RESOURCE ALAM FY11 PROFIT UP 171% - INSIDER STORIES
Insider Stories reported that, coal mining company PT Resource Alam Indonesia Tbk (KKGI) reported a 171.16% jump in net profit last year on the back ...
Wednesday, 14 March 12
GLOBAL THERMAL TRADE FLOW CHANGES WILL ENSURE SECURITY OF THERMAL COAL SUPPLY, ALBEIT AT A HIGH PRICE - WOOD MACKENZIE
Wood Mackenzie Says Global Thermal Trade Flow Changes Will Ensure Security of Thermal Coal Supply, Albeit At a High Price Seaborne thermal demand by ...
Wednesday, 14 March 12
COKAL TAKES ANOTHER STEP IN DEVELOPING INFRASTRUCTURE TO FACILITATE METALLURGICAL COAL PRODUCTION
Global coal group, Cokal Limited (ASX-CKA), has signed Memorandums of Understanding (MoU’s) to develop two river ports and two small scale coa ...
Tuesday, 13 March 12
CLARIFICATION OF GR 24 OF 2012 REQUIRING DIVESTMENT OF FOREIGN OWNERSHIP OVER TIME
ASX Announcement
Global metallurgical coal group, Cokal Limited (ASX-CKA), is responding to the recent announcement of the Indonesian Ministry of ...
Tuesday, 13 March 12
EUROPEAN COAL CONTANGO: FURTHER STEEPNESS REQUIRED TO MAKE LARGE SCALE PHYSICAL TIME SPREAD ARBITRAGE MORE ATTRACTIVE - MISWIN MAHESH, BARCLAYS CAPITAL
COALspot.com - "With the contango between the Y+1 and M+1 ARA delivered contract now averaging above the $14/t level, there is an increasing in ...
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- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Posco Energy - South Korea
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Aditya Birla Group - India
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
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