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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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Wednesday, 03 October 12
BARCLAYS'S PRICE FORECAST FOR NEWCASTLE COAL HAS BEEN WRITTEN DOWN
“ The main story in the global coal markets has been the growth in supply, with all of the major exporters adding volumes into a market which ...
Sunday, 30 September 12
SUB-BIT INDONESIA COAL SWAPS: MIXED TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 0.73 percent w-o-w but gained 0.41 percent d-o-d on Friday, 28 Se ...
Sunday, 30 September 12
INDONESIA HAS NO PLAN TO CAP COAL PRODUCTION
COALspot.com - “The current low coal prices were mainly due to a global oversupply condition, spurred by numerous mining exploitations in the ...
Sunday, 30 September 12
FREIGHT MARKET UNDER PRESSURE; OVERALL SENTIMENTS ARE STILL BEARISH
COALspot.com - The freight market seemed to have lost steam and all indices were down except for cape index.
The BDI was slightly down by 6 point ...
Friday, 28 September 12
DRY BULK SECOND HAND VESSELS ON HIGH DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the demise of the dry bulk market and the collapse of freight rates since the beginning of 2012, on the back of record breaking newbuilding ...
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- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Australian Coal Association
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- The University of Queensland
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
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