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Sunday, 16 September 12
GLOBAL LOW DEMAND ; INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS DIP
 COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 1.345 percent W-O-W on Friday, 14 September 2012, closing but gained 0.0321 percent on D-O-D, according to the data released by AsiaClear OTC coal swaps on 14th September 2012.
Sub-Bit FOB Indonesia coal swaps for November delivery opened on Monday, 10 September 2012 at US$ 63.17 pmt and closed on Friday (14 September 2012) at $ 62.32 lost around $ 0.85 pmt. Q2 2013 & Cal 2013 deliveries also lost US$ 0.95 per MT $ 0.83 respectively for the same period.
Average Cal 2013 deliveries for Sub-Bit Indonesia coal opened at $ 68.50 pmt on 14 September 2012 and closed $ 67.67 on 14th September 2012.
CFR South China coal shipments for November 12, November 13, Q2’13 and Cal 2013 deliveries dropped on W-O-W.
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On 10 September CFR South China coal shipments (delivery November 2012) was opened at $ 83.55 and closed on 14 September at $ 83.20 lost $ 0.35 pmt. The CFR South China coal swaps for November deliveries lost 0.418 % and 0.120% on W-O-W and D-O-D respectively o 14th September.
Sub-Bit FOB Indonesia coal contracts for November 2012 delivery closed at US$ 62.32 on Friday (14 September 2012) compared to US$ 63.17 Monday opening, lost US$ 0.85 per MT. CFR South China coal November delivery also lost US$ 0.35 pmt W-o-W on Friday (14 September) closed at US$ 83.20 against US$ 83.55 Monday Opening.
CFR South China coal, Nov-13 delivery lost 0.601 percent W-o-W and lost 0.055 percent D-O-D. Sub-Bit FOB Indonesia coal contracts for Nov13 delivery lost 1.127 percent or US$ 0.80 pmt W-o-W and gained 0.214 percent D-O-D and closed at US$ 70.15.
CFR South China delivery (Q2’13) has closed US$ at $ 87.35 on 14 September compared to US$ 87.95 opening on Monday (10 September 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. (Last updated on 17 Septmber 2012)
Sub-Bit FOB Indonesia coal contracts and CFR South China coal for Cal 2013 deliveries closed at $ 67.67 pmt $ 88.23 pmt respectively on Friday. Average November 2013 delivery prices for Sub-Bit FOB Indonesia coal and CFR South China coal were $ 7.83 and $ 7.65 higher compared to November 12 deliveries.
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Average cal 2013 delivery price for Sub-Bit FOB Indonesia coal was US$ 2.48 lower than November 2012 delivery price. Average Cal 2013 delivery price for CFR South China coal contract price is US$ 2.62 lower than November 2012 delivery price.
According to paper reports in Indonesia, Deputy Energy and Mineral Resources Minister was concerned about current falling coal prices and according to him, the continued fall in coal prices would severely hurt the country’s coal mining companies. Hence, “the government is ready to help by giving tax holidays or other fiscal measures, if the price of coal hit below US$ 60.
According coal analysts, over supply of coal is one of the main reason for the current low prices. Unless mining companies reduce their coal production to counter the low demand, the price recovery will take more time than expected.
However, some of the Indonesia’s major coal producers have already revised their annual target due to the declining coal prices. Indonesia’s single largest coal producer Adaro Energy, has revised its 2012 production forecasts to 48 million and 50 million metric tons, Berau Coal has lower its production forecast to 20 million to 22 million tons. The largest Indonesian coal miner BUMI also planning to reduce its production forecast in 2012.
Few small scale coal miners, specially low calorific value coal producers in Indonesia have already suspended their productions and some miners have cut down their production at least by 50 percent within last three months. Indonesian government declared minimum selling price has gained 1.84 percent in September on MoM.
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Saturday, 11 August 12
SUB-BIT INDONESIA COAL SWAPS SEEN MOVING IN THE RIGHT DIRECTION
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 1.29 percent W-o-W on Friday (10 August 2012) closing but lost 1 ...
Friday, 10 August 12
DRY BULK MARKET DROWNING FROM TONNAGE OVERSUPPLY - HELLENIC SHIPPING
The dry bulk market has been overflowing with new building vessels, despite the fact that demand is more or less (and minus the seasonal factors) ri ...
Thursday, 09 August 12
3RD ANNUAL SHALE GAS
Press Release - With the North American shale gas boom, IBC’s 3rd Annual Shale Gas explores optimal strategies to monetize Asia’s domest ...
Wednesday, 08 August 12
EXPLOITASI AIMS TO RAISE RP 2.7T FOR ACQUISITION - THE JAKARTA POST
The Jakarta Post reported that, publicly listed coal miner PT Exploitasi Energi Indonesia (CNKO) is seeking to raise Rp 2.7 trillion (US$286.2 milli ...
Tuesday, 07 August 12
2ND ANNUAL FLOATING TERMINALS
Press Release - After a ground breaking and successful launch in 2011, the 2nd Annual Floating Terminals conferenceis back to address innovation, co ...
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- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- White Energy Company Limited
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- PTC India Limited - India
- GMR Energy Limited - India
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- The Treasury - Australian Government
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