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Tuesday, 09 July 13
COAL PRICE REMAINS SLUGGISH - TRIMEGAH
COALspot.com - Newcastle coal price has reached US$ 76.30/ton (-15.9% YTD), bringing YTD’13 average to stand at US$ 87.90/ton, 6.80% lower than 2012 average of US$ 94.30/ton, Trimegah Securities said in a note on Tuesday.
According to Trimegah, slowing coal demand growth in China, insignificant demand improvement from the Europe, US dollar appreciation and weak coal demand in the U.S. which drives producers to flood global market with coal supply, had driven coal price to reach its lowest level since Nov’09.
Thus, we revise down our 2013 benchmark coal price assumption to USD80/ton (from USD95/ton), in 2014, we expect coal price to increase to US$ 85/ton as we expect global demand would slightly improve on expectation of natural gas price increase in the U.S. (from current level of US$ 3.62/mmbtu), resulting in increasing coal demand in the country.
Trimegah Securities also revised down the benchmark coal price for 2014 and 2015. Trimegah believes that, the coal price improvement would not be more than US$ 5/ mt per annum at least until 2015 due to low demand.
- 2013 US$/ton 80.00 from its previous forecast of US$ 95.00/ton
- 2014 US$/ton 85.00 from its previous forecast of US$ 100.00/ton
- 2015 US$/ton 90.00 from its previous forecast of US$ 105.00/ton
Trimegah Securities also slashed its target price on shares of an Indonesian coal miner on expectations of lower earnings and weak coal prices.
About Trimegah Securities
Established in May 1990, now Trimegah Securities is more than just one of the largest and fully integrated securities companies in Indonesia. It is admittedly one of the most trusted securities companies in Indonesia.
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Monday, 05 August 13
INDO GOVERNMENT'S DECLARED HBA IN AUGUST '13 FALL TO LOWEST LEVEL SINCE JANUARY '10
COALspot. com - HBA fell to US$ 76.70 this month, the lowest since January 2010. Indonesian Coal Price Reference fell 6.11% and hitting a 2013 ...
Sunday, 04 August 13
COAL SWAP MARKET HAS LOST DIRECTION; STRUGGLING TO CATCH UP
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average October 2013 delivery slightly down on day, week and month on Friday, 2 A ...
Sunday, 04 August 13
INDONESIA TO INDIA SUPRAMAX FREIGHT SOFT DUE TO HOLIDAYS IN INDONESIA - VISTAAR
COALspot.com : The freight market was fairly steady this week with the BDI recovering towards north since second half of the week with the support o ...
Friday, 02 August 13
DRY BULK MARKET STABILIZES ON RENEWED MARKET ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept its positive footing this week, although it's still a far cry to deem the market situation as a growing one, especiall ...
Friday, 02 August 13
ASIA ACCOUNTS FOR 27.95 PERCENT OF US COAL EXPORTS IN Q1, 2013
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.80 million short tons (mmst) of ...
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- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
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