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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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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 ...
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 ...
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- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- White Energy Company Limited
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- The University of Queensland
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
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