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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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Tuesday, 12 June 12
ITACHA RESOURCES BUYS SARANA MARINE - INSIDER STORIES
Insider Stories reported that, coal mining company PT Itacha Resources, a joint venture between Anthoni Salim and Glenn Yusuf, announced that Itacha ...
Monday, 11 June 12
BAHANA FORECASTS THE COAL PRICES WILL FALL FURTHER
COALspot.com - Growing US coal supplies + low shipping costs = Asia as target.
According to Irwan Budiarto analyst at Bahana Securities, US ...
Sunday, 10 June 12
FREIGHT MARKET EXPECTED TO REMAIN WEAK FOR NEXT FEW WEEKS - VISTAAR
COALspot.com - The BDI continued to fall this week and down by 2.99 pct closing at 877 points.
The Cape index also was down by 5.78 pct closing a ...
Friday, 08 June 12
ESSAR ENERGY RECEIVES FINAL APPROVAL FOR INDONESIAN COAL BLOCK
COALspot.com - Essar Energy plc, the India-focused integrated energy company, today announced that it has received final ‘Pinjam Pakai’ ...
Friday, 08 June 12
MINISTER DENIES COAL EXPORT TAX PLAN, ENDORSES RESTRICTIONS - THE JAKARTA POST
The Jakarta post, one of the leading english news paper in Indonesia reported that, Energy and Mineral Resources Minister Jero Wacik has denied that ...
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- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- GMR Energy Limited - India
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
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