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Sunday, 09 December 12
COAL SWAPS HAVE LOST DIRECTION DUE TO LACK OF ASIAN INTEREST
 COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 2.43 percent M-M but lost WoW by 0.54 percent and 0.62 percent D-D on Friday, 7 December 2012, according to the data released by AsiaClear OTC coal swaps on Friday.
Sub-Bit FOB Indonesia coal swaps for average Q1’ 2013 delivery was opened on 3 December 2012 at US$ 62.72 pmt but closed at US$ 62.38 on 7 December 2012 with the lost of US cents 34 per MT. Average Q4’ 2013 delivery prices also followed Q1 trend for the same period.
Average Q4’ 2013 deliveries for sub-bit Indonesia coal swap was opened at $ 66.57 pmt on 3 December 2012 and closed at $ 66.18 on 7 December 2012. Average Q4’ delivery prices lost US cents 36 PMT D-D and cents 39 PMT from week ago but gained US cents 28 from month ago.
CFR South China coal shipment for average Q1’ 2013 delivery price also lost D-D and W-W. Average Q4’ 2013 delivery price also lost D-D and M-M but gained W-o-W. The contract for the average Q1’ 2013 prices lost US$ 0.28 D-O-D and closed at US$ 84.25 a ton on 7 December 2012. Average Q4 CFR South China coal shipment prices lost US cents 17 PMT DOD and US$ 1.14 MOM.
In the meantime, sub-bit Indonesia coal swaps for Q1 delivery also lost on DOD and WOW but gained US$ 1.48 MOM.
CFR South China coal shipments (average Q1’ 2013 delivery) was opened at $ 84.28 on 3 December and closed at $ 84.25 on 7 December 2012 down US cents 3 PMT. In the meantime, CFR South China coal Q1’ 2013 delivery prices fell 0.33 percent D-o-D and gained 0.15 percent MOM. The CFR South China coal swaps for Q4’ 2013 delivery lost 0.19 percent D-o-D and gained 0.48 percent on W-W.
Sub-Bit FOB Indonesia coal contracts for Q1’ 2013 delivery closed at US$ 62.38 on 7 December 2012 compared to US$ 62.72 Monday opening, lost US$ 0.34 per MT. In the meantime, CFR South China coal Q1’ 2013 delivery swaps closed at US$ 84.25 down only US$ 0.03 pmt W-W.
CFR South China coal, average Q4 2013 deliveries did not performed well this week followed last week’s trend. This week prices fall on D-D and M-M and gained little W-W. CFR South China coal, average Q4 2013 swaps lost 0.19 percent D-D and 1.27 percent M-M.
Sub-Bit FOB Indonesia coal contracts for average Q4 2013 delivery lost D-D and W-W but gained M-M. Indonesia FOB swaps lost 0.54 percent D-D, 0.58 percent W-W but gained 0.42 percent M-M.
A commodity swap is a financial agreement whereby a floating, or spot, price is exchanged for a fixed rate over a specified contract period.
AsiaClear OTC Sub-Bit Indonesia coal swap for average Q4’ 2013 delivery closed US$ 3.80 higher compared to average Q1’ 2013 delivery price of US$ 62.38 on 7 December 2012. CFR South China coal swap for average Q4’ 2013 delivery closed US$ 4.13 higher compared to average Q1’ 2013 delivery price.
2013 coal swaps are not stable this week. It is very difficult to understand the market direction in 2013 from this week price closing. Coal prices are not stable and expected more volatile movements in coming weeks. the firm prices directions can be seen next year mid February.
Indonesian government has sets its December HBA at US$ 81.75 for 6322 GAR coal. This month HBA is 0.38 percent higher than November price but 27.44 percent lower than a year ago.
According to available data, Indonesia, the world largest multi grade coal exporter has shipped 35,143,587* tons of coal in October 2012 which is around 19.85* percent higher compared to September exports. Most of the Indonesian coal goes to China and India in October 2013. Indonesian low GCV coal is still an attractive fuel for Indian consumers due to its cheap price as well as lower freight. Indian coal imports from Indonesia has increased significantly in 2012 and expected it will reach more than 75 million tons in 2012. According to available information, Indonesia also shipped 300.488* million tons of coal (all grades included) in first 10 months. As usual 53.18* percent of total exported coal goes to china and India.
The physical prices of medium GVCV coal shows a little improvement last week. The current price movement is definitely not favoring coal producer on long term planning. However Indonesian most of the coal producers are decided go ahead with their original plan to increase coal output in spite the current low prices. Producers are expecting the prices will take “U” turn in near future.
COALspot.com still feels that, the year 2013, will be buyer’s year, at least until second half of 2013.
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Friday, 07 December 12
A NEW PHASE FOR AUSTRALIAN RESOURCES - A FITCH STREET INTERVIEW
This week Matt Jamieson spoke with Andrew Colquhoun in Fitch's Asian sovereign rating team, and Vicky Melbourne, Fitch's commodity analyst based i ...
Friday, 07 December 12
SHIPPING INDUSTRY LOOKING ON YET ANOTHER TOUGH YEAR AS WE APPROACH 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With shipping finance "on the ropes" as traditional lenders appear to be cutting their losses and tonnage oversupply still the most import ...
Thursday, 06 December 12
PANAMAX : THE POSITIVE VIBES IN THE ATLANTIC REMAINS - FEARNLEYS AS
Handy
The Atlantic market is still depressed with dearth of cargoes and more ships. The trips from Continent to Feast fixed around USD 12k. Trips f ...
Thursday, 06 December 12
STRONG CHINESE DEMAND FOR DRY BULK COMMODITIES EXPECTED FOR 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A new analysis from BIMCO released yesterday suggests that 2013 is expected to be a stronger year in terms of China's "hunger" for commod ...
Tuesday, 04 December 12
JATENERGY SIGNS MOU FOR INDONESIAN COAL ASSET
COALspot.com - Jatenergy Limited has announced that its fully-owned Indonesian subsidiary, PT Barata Energy (BE), has signed an exclusive, non-bindi ...
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- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- The University of Queensland
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
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