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Saturday, 12 January 13
SUB-BIT FOB INDONESIA COAL SWAPS: WEAK
 COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has lost 0.32 percent WoW but CFR South China coal shipment for average Q1’ 2013 delivery price gained 0.34 per cent for the same period as of Friday, 11 January 2013, according to the data released by AsiaClear OTC coal swaps.
A commodity swap is a financial agreement whereby a floating, or spot, price is exchanged for a fixed rate over a specified contract period.
Indonesia Sub-Bit FOB Coal Swaps
Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has gained 0.09 percent D-D on Friday, 11 January 2013, 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 7 January 2013 at US$ 63.90 pmt but closed at US$ 63.69 on 11 January 2013. In the meantime, the average Q4’ 2013 delivery price has lost 0.34percent for the same period.
Average Q4’ 2013 deliveries for sub-bit Indonesia coal swap was opened at $ 67.08 pmt on 7 January 2013 and closed at $ 66.85 on 11 January 2013. Average Q4’ delivery price has down by US cents 23 PMT W-o-W but flat D-o-D.
Sub-bit Indonesia coal swaps for Cal 2014 delivery has gained W-o-W, but lost DoD.
AsiaClear OTC Sub-Bit Indonesia coal swap for average calendar 2014 delivery closed US$ 4.58 higher compared to average calendar 2013 delivery price of US$ 65.22 on 11 January 2013. In the meantime, The Q4’ 2014 coal swap has closed US$ 6.11 higher than Q1 ‘ 2013 swap.
CFR South China Coal Swaps
CFR South China coal shipment for average Q1’ 2013 delivery price gained 0.34 per cent W-O-W but flat D-o-D.
In the meantime, average Q4’ 2013 delivery price has gained D-D and W-W. The contract for the average Q1’ 2013 prices gained US$ 0.29 W-o-W and closed at US$ 85.49 a ton on 11 January 2013. Average Q4 CFR South China coal shipment prices gained US cents 0.30 PMT D-o-D and US cents 0.52 W-o-W.
CFR South China coal shipments (average Q1’ 2013 delivery) was opened at $ 88.90 on 7 January 2013 and closed at $ 89.42 on 11 January 2013 up US$ 0.29 PMT in a week. In the meantime, the CFR South China coal swaps for Q4’ 2013 delivery gained 0.58 percent W-o-W and 0.33 percent on D-o-D.
CFR South China coal swap for average Q4’ 2013 delivery closed US$ 6.70 higher compared to average Q1’ 2013 delivery price. The calendar 2014 coal swap has closed US$ 4.78 higher than average calendar 2013 swap.
Indonesian government has sets its January HBA at US$ 87.55 for 6322 GAR coal. This month HBA, US$ 5.80 higher compared to December 2012 price. In the meantime, Energy and Mineral Resources Deputy Minister of Indonesia has forecasted that, the Indonesia coal reference price (HBA) will reach over US$100 per ton this year following potential economic recovery as showed by the recent US fiscal-cliff budget deal.
However, Bahana Securities, one of the leading securities in Indonesia, said in its latest coal outlook that, 1M price outperformance’s are mainly on seasonal effect which raised global coal prices by some 16% from its bottom in November 2012. Bahana maintains 2013 coal price assumption at USD82/ton (-15% y-y), given continued uncertainties in global outlook, temporary restocking condition, increasing coal output and US industrial users’ switch to shale gas.
Inquiries from India is still flooding in to Indonesian market. According to coal traders in Indonesia, Indian buyers are willing to offer little higher price than that they have bids last months. The coal market direction is seems to be struck in fog. Hope, the coming weeks, can give a clear direction for coal prices for the rest of the year.
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.
According to our sources, 58.65* percent of Indonesia’s total coal exports in November has shipped to China and India.
Indonesia’s coal output is also expected to increase by 1.2 percent to 391 million tons from 386 million tons last year, as cited by local media, referring minister’s quote. As Indonesia is planning to produce more coal in 2013, and the market demand is also expected to be flat in 2013, we feel, the price recovery may face higher pressure in 2013.
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Thursday, 01 December 11
DRY BULK MARKET RISES TO NEW HEIGHTS ON RENEWED DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on rising this week, with the industry’s benchmark, the Baltic Dry Index (BDI) climbing to 1,846 points on Wednes ...
Tuesday, 29 November 11
SOUTH AFRICAN COAL INTO CHINA, THE ACTIVITY WAS SLOW - BRS
Capesize
The Capesize market in Atlantic stayed pretty firm last week with transatlantic rounds being fixed in the high twenties. Sentiment was les ...
Tuesday, 29 November 11
GOLDEN GATE BRIDGE OF INDONESIA COLLAPSED AT KUKAR, EAST KALIMANTAN
COALspot.com - A suspension bridge in Indonesia’s east Kalimantan province over the Mahakam river collapsed on Saturday, killing at least elev ...
Tuesday, 29 November 11
BUKIT ASAM SCOUTS RP3 TRILLION PROFIT - INSIDER STORIES
The state-controlled coal miner PT Bukit Asam Tbk (PTBA) expects to post a Rp3 trillion net income this year, reaching its target which is 50% above ...
Tuesday, 29 November 11
DRY BULK MARKET BEGINS WEEK ON HIGHER NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Contrary to what had been the case during the past few weeks, this one began on a high note for the dry bulk market, with the Capesize sector pullin ...
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- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Minerals Council of Australia
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
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