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Saturday, 07 July 12
EXCESS SUPPLY & WEAK DEMAND KEEP COAL PRICES LOW
COALspot.com - SGX AsiaClear OTC Coal Swaps for August and Q4 deliveries slipped slightly this week. SGX’s Indonesian sub-bituminous coal swaps for August delivery lost 0.31 percent and CFR South China coal contracts swaps lost 0.28 percent on closing Friday compared to Monday opening.
SGX’s Indonesian sub-bituminous coal swaps for August delivery lost 0.31 percent WoW and CFR South China coal contracts drops only 0.28 percent on W-o-W.
According to DSP of SGX AsiaClear OTC coal swaps, Indonesian sub-bituminous coal swaps for August 2012 delivery closed average at US$ 63.53 / MT on 6 July 2012 (Friday), 8pm SG Time compared to Monday opening of average US$ 63.73 / MT.
Indonesian sub-bituminous coal swap lost 0.31 percent compared to Monday (2/7/2012) opening and Friday (6/7/2012) closing. In the meantime, CFR South China coal contracts closed average at US$ 86.00 on Friday instead of average US$ 86.25 on Monday opening.
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A commodity swap is a financial agreement whereby a floating, or spot, price is exchanged for a fixed rate over a specified contract period.
The Q4 deliver of Indonesia sub-bituminous coal was lost average US$ 0.07 / MT to average US$ 65.33 a metric ton on Friday from average US$ 65.40 on Monday opening. CFR South China Coal contract declined US$ 0.65 (-0.73percent) per mt to average US$ 87.35 compared to Monday opening of average US$ 88.00, according to data released by SGX.
Indonesian sub-bituminous coal swap for August delivery drops average -4.6 percent M-o-M and the meantime CFR South China coal contracts for August delivery dropped average -5.49 percent M-o-M.
The Q4 swap contract for Indonesia sub-bituminous coal was also dropped -4.27 percent M-o-M and CFR South China coal contracts dropped -6.07percent M-o-M.
Indonesian medium scale producers are planning to reduce their production if the coal prices continually fall.
Overall this week’s performance is slightly bitter than last week performance in terms of prices. The real physical market (spot) for Indonesian coal was not showing any positive rebound this week. The low bid from buyers make suppliers confused to response.
“The gap between bids and offers were quite wide and hope the market will rebound soon,” said a medium coal producer from East Kalimantan. (cs)
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Friday, 03 August 12
INDIA - LIGHTS OUT! - SALVA
The Indian power sector hit global headlines this week for all the wrong reasons. Firstly, on Monday, over 350 million people lost power across nort ...
Thursday, 02 August 12
OIL & GAS COMPANIES TO MEET IN MYANMAR FOR UPDATES ON NEW ROUND OF BIDDING AND INVESTMENT POTENTIAL IN UPSTREAM OIL, GAS, AND POWER GENERATION
Press Release - 2nd MOGP Summit (Myanmar Oil, Gas & Power) will convene in Yangon from 3 – 6 September 2012, to unveil new round of biddin ...
Thursday, 02 August 12
DRY BULK MARKET RATES CONTINUE SLUMP AMID SLOWER DEMAND NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on its downward path Wednesday, as the BDI (Baltic Dry Index) kept retreating to new lows. The index was down by 2.12 perce ...
Monday, 30 July 12
DRY BULK MARKET TO REMAIN UNDER PRESSURE FOR THE REST OF 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In an interview with Hellenic Shipping News Worldwide, Mr. Yannis Pachoulis, President of the Hellenic Shipbrokers' Association, remains cautiously ...
Sunday, 29 July 12
FREIGHT MARKET MOMENTUM CONTINUES TO WEAK
COALspot.com - The freight market continued to soft this week with all the segments dropped and the BDI fell below 1,000 points and closed at 933 po ...
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- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
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