COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Saturday, 28 July 12
CAL 2013 COAL SWAPS ARE HIGHER COMPARED TO SEPT 2012 PRICES


COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 0.47 percent on Friday (27 July 2012) closing DoD but lost 0.90 percent WoW, according to AsiaClear OTC coal swaps. 

Sub-Bit FOB Indonesia coal swaps for September delivery opened on Monday (23 July 2012) at US$ 62.05 pmt and closed on Friday at $ 61.49  lost around $ 0.56 pmt. The Q4 deliveries and Cal 13 deliveries also lost $0.89 and $0.65 respectively.

However 2013 deliveries were showing positive trend compared to Q3 and Q4 2012 delivery prices. Cal 2013 deliveries for  Sub-Bit Indonesia coal was traded average at $ 68.12  pmt on 27 July 2012, which is $ 6.63 higher than  September delivery price.


According to Yanzhou Coal Mining Co. China’s fourth-largest producer of the coal, the china’s recovering economy will boost demand and the price of thermal coal from late September. “The economy in China is strengthening, so the expectation is demand will start to pick up toward the end of the third quarter,” Weimin Li, chairman of Shandong-based Yanzhou, said in Sydney. “ from late September, you will see support for prices.”, as reported by Bloomberg.

However, Peabody, the world's biggest non-government coal miner’s president Greg Boyce said he expected the thermal coal market to tighten, partly because of flooding by "amazing growth" from Indonesia while Indian demand had failed to fire, the Australian reported.

India, China, Indonesia and USA have to share the blame for the current  slummed  coal prices as US increased coal exports as low-priced shale gas is favored by domestic users, unexpectedly low demand from China and India, and more exports from Indonesia.

High production cost mines in Indonesia are in process to cut the production as the selling price of coal almost nearing or lower than their net production cost. Number of low GCV coal producers already stopped production.

The mining contractors are also facing a bad time right now. Any mine closure or production cut will drive mining contractors and logistic services companies including barging and shipping companies in to hard time as those industries are purely depends on mining industry.

According to small scale coal miners in Indonesia, Banks in Indonesia also reducing taking their credit exposure on coal mines and coal trading financing and beginning to reduce bank’s credit exposure in order to mitigate the risk of loss arising from a potential default from its customer due to current slummed coal prices.


CFR South China coal shipments to China for September delivery fell 0.30 percent DoD and 0.98 percent WoW on Friday.

Sub-Bit FOB Indonesia coal contracts for September 2012 delivery closed at US$ 61.49 on Friday ( 27 July 2012) compared to US$ 62.05 Monday opening, lost US$ 0.56 per MT. In the meantime, CFR South China coal September delivery lost US$ 0.82 pmt WoW on Friday (27 July) closed at US$ 82.58 against US$ 83.40 Monday Opening.

CFR South China coal, Q4 delivery lost few cents WoW and DoD but, Sub-Bit FOB Indonesia coal contracts gained 0.73 percent or US$ 0.46 pmt DoD but lost 1.38 percent WoW and closed at US$ 63.21. CFR South China coal lost 1.91 percent WoW and 0.86 percent DoD for the same period. CFR South China delivery (Q4 2012) has closed US$ at $ 83.57 compared to US$ 85.20 opening on Monday (23 July 2012).

A commodity swap is a financial agreement whereby a floating, or spot, price is exchanged for a fixed rate over a specified contract period.

Sub-Bit FOB Indonesia coal contracts and CFR South China coal for Cal 2013 deliveries closed at $ 68.12 pmt $ 89.08 pmt respectively on Friday. Cal 2013 delivery prices for Sub-Bit FOB Indonesia coal and CFR South China coal are $ 6.63 and $ 6.50 higher compared to September deliveries.

Year 2013, showing a positive direction for coal prices.
(Last updated on 29 July 2012 - 23:54 hrs GMT +08:00)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Monday, 25 June 12
RIO TINTO MAKES FIRST COAL SHIPMENT FROM MOZAMBIQUE
Rio Tinto has started exporting premium hard coking coal from its Benga Mine in the Moatize Basin in Mozambique. The first shipment of 34,000 tonnes ...


Sunday, 24 June 12
SUPRAMAX FREIGHT MARKET FIRMED UP FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - This week all the segments gained and marked was firm in the Supramax and Handy size  sector, where as the Cape and Panamax inde ...


Saturday, 23 June 12
COAL PRICES APPETITE FOR ROLLER-COASTER RIDES
COALspot.com - SGX AsiaClear OTC Coal Swaps have suffered something of a roller-coaster ride in terms of prices during this week. SGX’s Indone ...


Friday, 22 June 12
PRESENT SPOT WEAKNESS IS TEMPORARY, SEASONAL AND RISE AS WINTER APPROACHES - BUMI
COALspot.com - PT Bumi Resources Tbk, the world’s one of the largest coal producer and Indonesia’s largest multi grade coal miner has no ...


Friday, 22 June 12
GLOBAL ACTION NEEDED ON ENERGY POVERTY - WORLD COAL
Eradicating energy poverty is possibly the biggest challenge facing the world today. Like climate change it can only be addressed with a concerted g ...


   935 936 937 938 939   
Showing 4681 to 4685 news of total 6871
News by Category
Popular News
 
Total Members : 28,694
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • IOL Indonesia
  • Xindia Steels Limited - India
  • Asian Development Bank
  • Gresik Semen - Indonesia
  • Jaiprakash Power Ventures ltd
  • Platts
  • Binh Thuan Hamico - Vietnam
  • Japan Coal Energy Center
  • CCIC - Indonesia
  • BRS Brokers - Singapore
  • Meenaskhi Energy Private Limited - India
  • Formosa Plastics Group - Taiwan
  • Enel Italy
  • SMG Consultants - Indonesia
  • Metalloyd Limited - United Kingdom
  • Leighton Contractors Pty Ltd - Australia
  • Thai Mozambique Logistica
  • Samtan Co., Ltd - South Korea
  • Ministry of Transport, Egypt
  • TRAFIGURA, South Korea
  • Africa Commodities Group - South Africa
  • World Coal - UK
  • globalCOAL - UK
  • Cebu Energy, Philippines
  • Riau Bara Harum - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Glencore India Pvt. Ltd
  • GNFC Limited - India
  • Tata Chemicals Ltd - India
  • KPMG - USA
  • JPower - Japan
  • Adani Power Ltd - India
  • Minerals Council of Australia
  • Posco Energy - South Korea
  • Bangladesh Power Developement Board
  • Adaro Indonesia
  • Indonesia Power. PT
  • Videocon Industries ltd - India
  • Antam Resourcindo - Indonesia
  • Trasteel International SA, Italy
  • Mjunction Services Limited - India
  • TNPL - India
  • Moodys - Singapore
  • World Bank
  • Grasim Industreis Ltd - India
  • Siam City Cement - Thailand
  • SGS (Thailand) Limited
  • Indian Energy Exchange, India
  • Bhoruka Overseas - Indonesia
  • Bhushan Steel Limited - India
  • Arch Coal - USA
  • Georgia Ports Authority, United States
  • Fearnleys - India
  • Credit Suisse - India
  • bp singapore
  • Banpu Public Company Limited - Thailand
  • U S Energy Resources
  • Pinang Coal Indonesia
  • OCBC - Singapore
  • Cosco
  • The Treasury - Australian Government
  • Mitra SK Pvt Ltd - India
  • Sree Jayajothi Cements Limited - India
  • Asmin Koalindo Tuhup - Indonesia
  • Malco - India
  • Gujarat Electricity Regulatory Commission - India
  • Heidelberg Cement - Germany
  • Sojitz Corporation - Japan
  • Borneo Indobara - Indonesia
  • Core Mineral Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Madhucon Powers Ltd - India
  • TeaM Sual Corporation - Philippines
  • Interocean Group of Companies - India
  • Coal and Oil Company - UAE
  • Marubeni Corporation - India
  • Bulk Trading Sa - Switzerland
  • Makarim & Taira - Indonesia
  • SRK Consulting
  • Dalmia Cement Bharat India
  • Gujarat Mineral Development Corp Ltd - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • EIA - United States
  • IEA Clean Coal Centre - UK
  • Deloitte Consulting - India
  • Toyota Tsusho Corporation, Japan
  • Noble Europe Ltd - UK
  • Miang Besar Coal Terminal - Indonesia
  • Ambuja Cements Ltd - India
  • The State Trading Corporation of India Ltd
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Ernst & Young Pvt. Ltd.
  • MEC Coal - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Runge Indonesia
  • Aditya Birla Group - India
  • Orica Australia Pty. Ltd.
  • Shenhua Group - China
  • Bayan Resources Tbk. - Indonesia
  • Tata Power - India
  • Orica Mining Services - Indonesia
  • Karaikal Port Pvt Ltd - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Bank of China, Malaysia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Uttam Galva Steels Limited - India
  • Altura Mining Limited, Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Billiton Holdings Pty Ltd - Australia
  • Maruti Cements - India
  • Baramulti Group, Indonesia
  • Bank of America
  • Power Finance Corporation Ltd., India
  • JPMorgan - India
  • Thermax Limited - India
  • Mercator Lines Limited - India
  • BNP Paribas - Singapore
  • SMC Global Power, Philippines
  • Siam City Cement PLC, Thailand
  • Simpson Spence & Young - Indonesia
  • HSBC - Hong Kong
  • Coastal Gujarat Power Limited - India
  • Ministry of Mines - Canada
  • Pipit Mutiara Jaya. PT, Indonesia
  • Kaltim Prima Coal - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Platou - Singapore
  • Cemex - Philippines
  • Globalindo Alam Lestari - Indonesia
  • Asia Cement - Taiwan
  • Global Green Power PLC Corporation, Philippines
  • Mercuria Energy - Indonesia
  • Ind-Barath Power Infra Limited - India
  • Freeport Indonesia
  • Kobe Steel Ltd - Japan
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Jatenergy - Australia
  • Mechel - Russia
  • Surastha Cement
  • ASAPP Information Group - India
  • Intertek Mineral Services - Indonesia
  • RBS Sempra - UK
  • Inco-Indonesia
  • Medco Energi Mining Internasional
  • Coal India Limited
  • IHS Mccloskey Coal Group - USA
  • WorleyParsons
  • Sarangani Energy Corporation, Philippines
  • Coalindo Energy - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Gupta Coal India Ltd
  • Panama Canal Authority
  • Electricity Generating Authority of Thailand
  • ING Bank NV - Singapore
  • Port Waratah Coal Services - Australia
  • PLN Batubara - Indonesia
  • Global Business Power Corporation, Philippines
  • Vizag Seaport Private Limited - India
  • Goldman Sachs - Singapore
  • IMC Shipping - Singapore
  • Arutmin Indonesia
  • Independent Power Producers Association of India
  • Lanco Infratech Ltd - India
  • LBH Netherlands Bv - Netherlands
  • Parry Sugars Refinery, India
  • Attock Cement Pakistan Limited
  • Deutsche Bank - India
  • Agrawal Coal Company - India
  • CESC Limited - India
  • Xstrata Coal
  • Oldendorff Carriers - Singapore
  • Savvy Resources Ltd - HongKong
  • Vitol - Bahrain
  • Carbofer General Trading SA - India
  • Rudhra Energy - India
  • Indian Oil Corporation Limited
  • Kalimantan Lumbung Energi - Indonesia
  • Iligan Light & Power Inc, Philippines
  • TGV SRAAC LIMITED, India
  • Thomson Reuters GRC
  • Infraline Energy - India
  • APGENCO India
  • ICICI Bank Limited - India
  • Essar Steel Hazira Ltd - India
  • Economic Council, Georgia
  • KOWEPO - South Korea
  • Central Java Power - Indonesia
  • Geoservices-GeoAssay Lab
  • Indonesian Coal Mining Association
  • Bhatia International Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Samsung - South Korea
  • Berau Coal - Indonesia
  • Peabody Energy - USA
  • Directorate General of MIneral and Coal - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • KEPCO - South Korea
  • Therma Luzon, Inc, Philippines
  • Sical Logistics Limited - India
  • Cement Manufacturers Association - India
  • The India Cements Ltd
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Bukit Baiduri Energy - Indonesia
  • Australian Coal Association
  • Rashtriya Ispat Nigam Limited - India
  • White Energy Company Limited
  • CNBM International Corporation - China
  • SN Aboitiz Power Inc, Philippines
  • PLN - Indonesia
  • Britmindo - Indonesia
  • Meralco Power Generation, Philippines
  • Bangkok Bank PCL
  • Idemitsu - Japan
  • AsiaOL BioFuels Corp., Philippines
  • Ince & co LLP
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • DBS Bank - Singapore
  • Commonwealth Bank - Australia
  • Vedanta Resources Plc - India
  • Mintek Dendrill Indonesia
  • Kumho Petrochemical, South Korea
  • San Jose City I Power Corp, Philippines
  • India Bulls Power Limited - India
  • Edison Trading Spa - Italy
  • Petrosea - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Energy Link Ltd, New Zealand
  • Wilmar Investment Holdings
  • CIMB Investment Bank - Malaysia
  • Krishnapatnam Port Company Ltd. - India
  • Argus Media - Singapore
  • Petrochimia International Co. Ltd.- Taiwan
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • PTC India Limited - India
  • GMR Energy Limited - India
  • MS Steel International - UAE
  • PetroVietnam
  • McConnell Dowell - Australia
  • Thiess Contractors Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Coal Orbis AG
  • Global Coal Blending Company Limited - Australia
  • SASOL - South Africa
  • Semirara Mining and Power Corporation, Philippines
  • ACC Limited - India
  • Directorate Of Revenue Intelligence - India
  • International Coal Ventures Pvt Ltd - India
  • Maybank - Singapore
  • Pendopo Energi Batubara - Indonesia
  • Romanian Commodities Exchange
  • Eastern Coal Council - USA
  • South Luzon Thermal Energy Corporation
  • Central Electricity Authority - India
  • Shree Cement - India
  • Star Paper Mills Limited - India
  • Jindal Steel & Power Ltd - India
  • Latin American Coal - Colombia
  • Cardiff University - UK
  • Barclays Capital - USA
  • Singapore Mercantile Exchange
  • PowerSource Philippines DevCo
  • GVK Power & Infra Limited - India
  • Tanito Harum - Indonesia
  • Total Coal South Africa
  • Coaltrans Conferences
  • Vale Mozambique
  • Bukit Makmur.PT - Indonesia
  • Tamil Nadu electricity Board
  • Rio Tinto Coal - Australia
  • PetroVietnam Power Coal Import and Supply Company
  • Maheswari Brothers Coal Limited - India
  • Sucofindo - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • GHCL Limited - India
  • Reliance Power - India
  • CoalTek, United States
  • European Bulk Services B.V. - Netherlands
  • VISA Power Limited - India
  • McKinsey & Co - India
  • Cargill India Pvt Ltd
  • Larsen & Toubro Limited - India
  • Electricity Authority, New Zealand
  • NTPC Limited - India
  • London Commodity Brokers - England
  • Ministry of Finance - Indonesia
  • SUEK AG - Indonesia
  • Humpuss - Indonesia
  • Price Waterhouse Coopers - Russia
  • J M Baxi & Co - India
  • GAC Shipping (India) Pvt Ltd
  • Inspectorate - India
  • Thailand Anthracite
  • Maersk Broker
  • Kepco SPC Power Corporation, Philippines
  • Mitsubishi Corporation
  • Bharathi Cement Corporation - India
  • EMO - The Netherlands
  • Vijayanagar Sugar Pvt Ltd - India
  • New Zealand Coal & Carbon
  • Russian Coal LLC
  • ANZ Bank - Australia
  • NALCO India
  • Gujarat Sidhee Cement - India
  • PNOC Exploration Corporation - Philippines
  • Sindya Power Generating Company Private Ltd
  • ETA - Dubai
  • Merrill Lynch Bank
  • Sakthi Sugars Limited - India
  • Permata Bank - Indonesia
  • Kideco Jaya Agung - Indonesia
  • UBS Singapore
  • Indogreen Group - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Standard Chartered Bank - UAE
  • Renaissance Capital - South Africa
  • Lafarge - France
  • Salva Resources Pvt Ltd - India
  • Wood Mackenzie - Singapore
  • Semirara Mining Corp, Philippines
  • Merrill Lynch Commodities Europe
  • Australian Commodity Traders Exchange
  • Maharashtra Electricity Regulatory Commission - India
  • Clarksons - UK
  • Parliament of New Zealand
  • Alfred C Toepfer International GmbH - Germany
  • TANGEDCO India
  • Petron Corporation, Philippines
  • Energy Development Corp, Philippines
  • GB Group - China
  • Planning Commission, India
  • Chettinad Cement Corporation Ltd - India
  • Indian School of Mines
  • Qatrana Cement - Jordan
  • Thriveni
  • KPCL - India
  • Coeclerici Indonesia
  • The University of Queensland
  • Eastern Energy - Thailand
  • UOB Asia (HK) Ltd
  • Anglo American - United Kingdom
  • OPG Power Generation Pvt Ltd - India
  • Jorong Barutama Greston.PT - Indonesia
  • Barasentosa Lestari - Indonesia
  • Aboitiz Power Corporation - Philippines
  • Bahari Cakrawala Sebuku - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Chamber of Mines of South Africa
  • Straits Asia Resources Limited - Singapore
  • Ceylon Electricity Board - Sri Lanka
  • Indorama - Singapore
  • Malabar Cements Ltd - India
  • IBC Asia (S) Pte Ltd
  • Mitsui
  • Indika Energy - Indonesia