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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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Thursday, 01 August 13
CAPESIZE: THE FLOW OF CARGOES REMAINS RELATIVELY STABLE, AND THE PACIFIC IS LOOKING PROMISING - FEARNLEYS AS
Handy
The Pacific market is still facing low activity, so no wonder that the tonnage list is getting longer. It´s still Ramadan and only a fe ...
Wednesday, 31 July 13
COAL GASIFICATION
IBC’s Coal Gasification conference explores the opportunities for coal gasification investment and development in Asia.
With depleting dome ...
Wednesday, 31 July 13
SUPRAMAX : THE PACIFIC BASIN WAS MOVING ON A POSITIVE PATH - EVA TZIMA
COALspot.com: Cape - Despite holding their ground fairly well early on in the week, Capes in the Atlantic basin gave in to the mounting pressure fro ...
Tuesday, 30 July 13
HARD COAL ON THE WAY TO BECOMING THE WORLD'S MOST IMPORTANT ENERGY SOURCE - VDKI
Press Release : Hard coal continued to be the world’s fastest-growing fossil primary energy source in 2012. It covered about 28% of the world ...
Tuesday, 30 July 13
WIJAYA TRI UTAMA PURCHASES MICROCOAL TECHNOLOGIES' CLEAN COAL UPGRADING FACILITY
- First MCI commercial scale application of proprietary microwave technology to upgrade coal thermal output and reduce pollutants
- MicroCoal to re ...
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- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- White Energy Company Limited
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- The University of Queensland
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Planning Commission, India
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
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