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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, 22 July 13
INDO COAL SWAP FOR AUGUST 13 DELIVERY GAINED ON WEEK BUT LOST ON DAY AND MONTH
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average August 2013 delivery slightly up on week but fell on day and month on Fri ...
Friday, 19 July 13
U.S.COAL PRODUCTION TOTALED APPROXIMATELY 19.60 MMST WEEK ENDED JULY 13
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 19.60 million short tons (mmst) of ...
Friday, 19 July 13
TNPL IS LOOKING FOR 300 K MT OF 6000 GAD COAL FOR FIVE MONTH
COALspot.com - Tamil Nadu Newsprint & Papers Ltd. , an Indian paper maker, is seeking 300,000 metric tons ± 5% (In 5 shipments about 60,0 ...
Thursday, 18 July 13
3RD ANNUAL FLOATING TERMINALS, INDONESIA
Commercial applications for offshore transshipment facilities
Floating Terminal solutions are increasingly being deployed by miners, independent ...
Thursday, 18 July 13
THE CAPE MARKET APPEARS TO BE HOLDING FIRM - FEARNLEYS AS
Handy
In the Pacific, market maintained similar levels during the week. There is several Indo coal orders in the market, ships passing Singapore fi ...
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- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- White Energy Company Limited
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
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