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Monday, 11 June 12
ASIAN COAL TRADING COMMUNITY EMBRACES API 5 AND API 8
Press Release - The Asian coal trading community is embracing the API 5 and API 8 indexes for its swap contracts.
The API 5 index represents 5,500 kcal/kg NAR (net as received), high-ash coal shipped from Australia and the API 8 index represents 5,500 kcal/kg NAR coal delivered to south China. Major brokers such as Tullett Prebon, Marex Spectron and Ginga Petroleum started offering trades against the indexes from the beginning of this month.
The indexes were launched jointly by global energy price reporting agency Argus and IHS McCloskey at the beginning of May 2012, and have quickly gained the confidence of the coal trading community as a reliable, independent benchmark for contracts.
Argus Media chairman and chief executive Adrian Binks said: “We are delighted to hear that many market participants are moving to the Argus/IHS McCloskey API 5 and API 8 indexes for use in their contracts. Our API 2 and API 4 price assessments are extensively used throughout the world for pricing and we are pleased that the API 5 and 8 indexes are already being adopted by the market.”
IHS publisher John Howland said: “The South China 5,500kc NAR cfr market is probably the most closely watched coal metric with its influence on global markets profound. It is also the major market for high ash Australian coal, so it makes sense that swaps that settle against the API 5 and API 8 indexes are now being brokered together.”
Argus and IHS McCloskey publish a series of API indexes, which are used for 90pc of the world’s internationally traded coal derivatives. All the API indexes are calculated by averaging the relevant Argus and IHS McCloskey assessments/markers. The IHS McCloskey marker used in the API 8 is the IHS McCloskey/Xinhua Infolink South China (5,500kcal/kg NAR) marker.
The methodologies used to derive the Argus and IHS McCloskey prices are available online at www.argusmedia.com/methodology and www.mccloskeycoal.com.
Source: Argus Media Group
About Argus
Argus Media is a leading provider of price assessments, business intelligence, market data, consultancy and conferences on the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, fertilizer and transportation industries. Argus energy and fertilizer prices are widely used by leading companies, governments and international agencies as benchmarks in supply contracts, risk management and planning.
Argus is headquartered in London and has more than 400 staff in offices in Houston, Washington, New York, Portland, Calgary, Santiago, Bogota, Rio de Janeiro, Singapore, Beijing, Tokyo, Sydney, Dubai, Moscow, Astana, Kiev, Porto, Brussels, Johannesburg and other key centres of the energy industry. Argus was founded in 1970 and is a privately held UK-registered company.
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Sunday, 17 June 12
S7 & S8 ROUTES ARE LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI gained some increase after continues fall for several weeks.
The BDI increased by 47 points (up by 5.36 pct) closing at 92 ...
Saturday, 16 June 12
INDONESIAN SUB-BITUMINOUS COAL & CFR SOUTH CHINA COAL CONTRACT SWAPS ARE UNDER PRESSURE
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries seems to be under pressure this week.&nbs ...
Friday, 15 June 12
CAPESIZE - THE LEVELS THAT DID FIX ARE DOWN W-O-W LEVELS - FEARNLEYS
Handy
Another slow-moving market with rates hovering at same level as last week. US Gulf positions fixed USD 25,000 for trips to Cont/Passero and S ...
Thursday, 14 June 12
SMALLER DRY BULK CARRIERS LIKELY TO FACE MORE CHALLENGES; DEMOLITION ACTIVITY SET FOR RECORD YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest update on the dry bulk markets, BIMCO said that China is partly “failing to deliver” on raw material imports that can affe ...
Wednesday, 13 June 12
LOW COAL PRICES COULD CHANGE SUPPLY SIDE DYNAMICS - FITCH RATINGS
Fitch Ratings believes that the weakness seen in thermal coal prices in recent months should reverse once demand from major importers recovers, alth ...
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- Ambuja Cements Ltd - India
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Australian Coal Association
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
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