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Sunday, 11 November 12
AN OPTIMISTIC WEEK FOR INDONESIAN SUB-BIT COAL
 COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for January 2013 delivery gains 2.08 percent WoW and 1.28 percent DoD on Friday, 9 November 2012, according to the data released by AsiaClear OTC coal swaps on Friday.
Sub-Bit FOB Indonesia coal swaps for January 2013 delivery was opened on 5 November 2012 at US$ 60.37pmt but closed at US$ 61.63 on 9 November 2012 gains around $ 1.26 pmt. December 2013 delivery as well as average calendar 2013 delivery prices also gained 2.33 percent and 2.22 percent respectively per MT for the same period.
Average December 2013 deliveries for Sub-Bit Indonesia coal was opened at $ 65.52 pmt on 5 November 2012 and closed at $ 67.05 on 9 November 2012.
Average prices for CFR South China coal shipment for January’13, December’13 and calendar 2013 deliveries also gained WoW as well as DoD. Last week price movements for 2013 deliveries were showing a positive direction and if it is continues, then the market will correct itself favoring coal producers. However the same direction was failed to transformed to physical market during the same period.
CFR South China coal shipments (delivery January 2013) was opened at $ 84.00 on 5th November and closed at $84.00 on 9 November 2012 without any change WoW. However, CFR South China coal prices gains 0.23 percent DoD. The CFR South China coal swaps for December’13 delivey also gains 0.24 percent W-W and 0.11 percent D-D for the same period.
Sub-Bit FOB Indonesia coal contracts for January 2013 delivery closed at US$ 61.63 on 9 November 2012 compared to US$ 60.37 Monday opening, gained US$ 1.26 per MT. In the meantime, CFR South China coal January ‘ 13 delivery closed at US$ 84.00 with no change on W-W but gained US$ 0.20 pmt D-D.
CFR South China coal, average Calendar 13 delivery also moved positive direction this week gains 0.03 percent W-W and 0.13 percent d-d. Sub-Bit FOB Indonesia coal contracts for average cal 13 delivery gained 2.22 percent or US$ 1.40 pmt W-W, and 1.35 percent D-D closed at US$ 64.33.
A commodity swap is a financial agreement whereby a floating, or spot, price is exchanged for a fixed rate over a specified contract period.
However, AsiaClear OTC Sub-Bit Indonesia coal swap for December’13 delivery closed US$ 5.42 higher compared to January’13 delivery price of US$ 61.63. CFR South China coal swap for December’13 delivery closed US$ 5.45 higher per mt compared to January’ 13 delivery price. Swaps are showing a positive market condition during 2nd half of year 2013.
Indonesian government has sets its November HBA at US$ 81.44 for 6322 GAR coal. November HBA is 5.35 per lower than October price or 30.18 percent lower than a year ago.
The Indonesian government has also reduced its DMO requirement by 18 percent due to lower consumption by power plants in Indonesia. Indonesian miners were required to allocate 67.3 million metric tons of coal under DMO requirement, down from the previous requirement of 82.1 million tons or less 14.8 million tons of coal set in August of last year. However, the market is calm and there is no excess cargo due to reduction of DMO. According to a one of the largest coal producer, the reduction on DMO requirement has not affected them, as they have already signed the contract as per previous requirement.
Recently Indonesian government has issued a DMO regulation for 2013 supply figures. According to DMO requirement, miners were asked to allocate 74.30 million metric tons of coal under the so-called domestic market obligation (DMO) in 2013, which is little higher than 2012 revised DMO requirement.
Year 2013, DMO volume is almost equivalent to 20.30 percent of the targeted production volume of coal in 2013. The Indonesian government is forecasting the 2013 coal production will be around 337 million tons to 366.04 million tons.
Due to higher coal output and less demand, the price recovery will be in slow speed. According to coal a coal producer, Chinese demand is still slow. Hence the price recovery will take time. Now producers are pushing their existing buyer’s to perform their existing contracts which were concluded at a high price than the current price. “ We don’t have a coal to offer against any new inquiries for November or December delivery or at least until January 2013” , said a coal producer from Kalimantan.
“ Indonesian coal producers want to delay their annul coal supply contract negotiation to early next year to get better price than existing”, a market player said.
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Thursday, 11 October 12
SINGAPORE BASED COAL SOURCE AND SHIPPING BAGS 300K MT IMPORTED COAL SUPPLY CONTRACT FROM TNPL
COALspot.com - India-based paper manufacturer Tamil Nadu Newsprint and Papers Limited has awarded a tender for 300,000 mt of imported steam co ...
Thursday, 11 October 12
PANAMAX : SINCE LAST WEEK RATES HAS FIRMED FOR ALL TRADES - FEARNLEYS AS
Handy
The Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Continent to East Med were around USD 14k and B ...
Thursday, 11 October 12
DRY BULK MARKET STEADY AFTER CHINESE HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market hasn't yet staged a solid rebound after last week's holidays in China, as many would have expected. Indeed, many analysts were ...
Wednesday, 10 October 12
NEW BUILDING MARKET ON A QUIET WEEK, DUE TO ASIAN HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The newbuilding ordering activity has been more than quite during the course of the past week, as a result of holidays in both Korea and China. Acco ...
Wednesday, 10 October 12
TAPPING OPPORTUNITIES WITHIN GLOBAL ECONOMIC PERSPECTIVE
Press Release: Mining sector will continue to play a significant role in supporting industrial and economic development in Indonesia which is curren ...
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- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Planning Commission, India
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
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