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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, 15 July 13
INDO COAL SWAPS ARE STRUGGLING FOR RIGHT DIRECTION
COALspot.com – Indo coal swaps are struggling to find the right direction. Sub-Bit Indonesia coal swaps (FOB ) for average August 2013 d ...
Friday, 12 July 13
U.S. PRODUCED 18.40 MMST COAL WEEK ENDED 6 JULY 2013
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.40 million short tons (mmst) of ...
Thursday, 11 July 13
PANAMAX: PACIFIC ROUND PAY AROUND $6,500/D; ATLANTIC ROUND VOYAGE PAY AROUND US$ 10,000/D - FEARNLEYS AS
Handy
The Feast market is quiet, July date cargoes remain unfixed as there is a gap between what owners aiming and charterers willing to pay. There ...
Wednesday, 10 July 13
DRY BULK MARKET IS STILL STRUGGLING TO SURVIVE - INTERMODAL
COALspot.com : With the first half of the year now behind us and, as expected, most shipping segments in the dry bulk market are struggling to survi ...
Tuesday, 09 July 13
NEWCASTLE COAL EXPORTS JUMP 27.53% ON WEEK TO 2.97 MILLION MT
COALspot.com - Newcastle Coal exports up 27.53% to 2.97 million tons W-o-W.
Newcastle port in Australia has loaded 2,974,715 tons of coal for the ...
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- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
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