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Sunday, 23 December 12
Q4' 2013 CFR SOUTH CHINA COAL SWAP, US$ 3.40 HIGHER COMPARED TO Q1' 2013 PRICE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 1.94 percent M-M and WoW by 1.57percent but lost 0.35 percent D-D on Friday, 21 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 17 December 2012 at US$ 62.91pmt but closed at US$ 63.90 on 21 December 2012 with the gain of US cents 0.99 per MT. However the average Q4’ 2013 delivery prices gained 3.33 percent for the same period.
Average Q4’ 2013 deliveries for sub-bit Indonesia coal swap was opened at $ 64.72 pmt on 17 December 2012 and closed at $ 66.88 on 21 December 2012. Average Q4’ delivery price has lost US cents 2 PMT a day ago and cents 30 PMT from month ago but gained US $ 2.16 from week ago.
CFR South China coal shipment for average Q1’ 2013 delivery price also gained a day ago and a month ago, but flat w-o-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 gained US$ 1.34 W-o-W and closed at US$ 85.35 a ton on 21 December 2012. Average Q4 CFR South China coal shipment prices lost US cents 5 PMT D-o-D and US cents 25 M-o-M.
In the meantime, sub-bit Indonesia coal swaps for Q1 delivery has lost on DOD, but gained w-o-w and m-o-m.
CFR South China coal shipments (average Q1’ 2013 delivery) was opened at $ 84.01 on 17 December and closed at $ 85.35 on 21 December 2012 up US $ 1.34 PMT. In the meantime, the CFR South China coal swaps for Q4’ 2013 delivery gained 0.9 percent W-o-W but lost 0.05 percent on D-o-D.
Sub-Bit FOB Indonesia coal contracts for Q1’ 2013 delivery closed at US$ 63.90 on 21 December 2012 compared to US$ 62.91 Monday opening, gained US$ 0.99 per MT. CFR South China coal Q1’ 2013 delivery swaps also closed at US$ 85.35 up US$ 1.34 pmt W-W.
CFR South China coal, average Q4 2013 deliveries gained US$ 0.80 W-W, but lost D-o-D and M-o-M.
Sub-Bit FOB Indonesia coal contracts for average Q4 2013 delivery lost D-D and M-M but gained W-W. Indonesia FOB swaps lost 0.02 percent D-D, 0.44 percent M-M but gained 3.33 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$ 2.98 higher compared to average Q1’ 2013 delivery price of US$ 63.90 on 21 December 2012. CFR South China coal swap for average Q4’ 2013 delivery closed US$ 3.40 higher compared to average Q1’ 2013 delivery price.
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.
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.
According to available data, Indonesia, the world largest multi grade coal exporter has shipped 33.578* million tons of coal in November 2012 which is around 4.45* percent lower compared to October exports.
Most of the Indonesian coal had shipped to China and India in November 2012. 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. However the pries are not significant to give a push to market. The current price trend is not much favoring coal producer.
China's coal imports in the first 11 months of 2012 have jumped nearly 30 percent to 205.5 million tonnes, as reported by Reuters. Analysts said China's coal imports are expected to rise further in 2013 on the back of weak overseas demand and low international coal prices, as quoted by Reuters.
IEA’s Medium-Term Coal Market Report sees that, coal demand increasing in nearly every region of the world except United States, where shale gas is displacing coal. Hence, US coal producers and suppliers are aggressively looking for Asian and European market to push their excess coal. The low freight market is also supporting US coal to enter in Asian market and US coal is now competing with Indonesia and Australian coal in India, Korea Taiwan and in China.
Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’s top energy source, the International Energy Agency (IEA) said in its annual Medium-Term Coal Market Report (MCMR).
IEA said in its Medium-Term Coal Market Report, China and India lead the growth in coal consumption over the next five years. The report says China will surpass the rest of the world in coal demand during the outlook period, while India will become the largest seaborne coal importer and second-largest consumer, surpassing the United States.
According to our sources, 58.65* percent of Indonesia’s total coal exports in November has shipped to China and India.
Year 2013 is approaching. Maintaining a coal market equilibrium will help to drive coal prices to north direction, else year 2013 will be an another “year 2012” for coal producers.
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Monday, 31 December 12
"DISTRESSED", "ECO" AND "FINANCE" ARE THE THREE WORDS WHICH CHARACTERIZED 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2012 was yet another year of speculation, anticipation, pessimism and more speculation in the shipping markets. According to the latest weekly repor ...
Saturday, 29 December 12
SHIPBREAKING YARDS IN INDIA DEMOLISH A TOTAL OF 527 VESSELS IN 2012, BREAKING ALL PREVIOUS RECORDS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
India's ship demolition experts of Star Matrix contemplated this week on the issue of why ships in the range of 1,000 and up to 6,500 liquid tons ( ...
Thursday, 27 December 12
A LOOK AT WORLD TRADE PATTERNS DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
While China's leaders are likely to stick with the 2012 economic growth rate of 7.5% when they chart a course for 2013 - its weakest pace since 199 ...
Thursday, 27 December 12
INDONESIA SHIPPED 33.578* MMT COAL IN NOVEMBER
COALspot.com: Indonesia, the world largest multi grade coal exporter has shipped 33.578* million tons of coal in November 2012. thi ...
Wednesday, 26 December 12
UPDATE ON EXPORT BAN ON RAW MINERALS AND ORE - RITA SUSANTO
COALspot.com - In May 2012, the Minister of Energy and Mineral Resources (“MoEMR”) in Regulation No.7 (“Reg-7”, amended by R ...
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- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Planning Commission, India
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
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