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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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Tuesday, 09 July 13
CAPESIZE: SHOT UP; PANAMAXES: NOT SO LUCK; SUPRAS: SLIGHTLY BETTER; HANDIES: SOFT - INTERMODAL
COALspot.com : June 2013 Recap
A renewed Capesize market this month (June 2013) was the cause for much of the overall noteworthy performanc ...
Tuesday, 09 July 13
THE 11TH DEEP COAL PROCESSING FORUM 2013
Press Release : The 11th Deep Coal Processing Forum 2013 will be held in November Beijing China.
CDMC Events is pleased to announce that 11 ...
Monday, 08 July 13
ECO-FRIENDLY COAL FOR CHINA - VALUE FOR THE ENVIRONMENT AND VALUE FOR THE POWER GENERATOR - BY: LINDSAY JUNIPER
COALspot.com : January 2013 saw an episode of extreme particulate pollution in Beijing 35 times worse than the safe level recommended by the World H ...
Sunday, 07 July 13
FREIGHT MARKET IS EXPECTED TO BE SOFT TO STABLE NEXT WEEK- VISTAAR
COALspot.com - The freight market softened for the week ended 5 July 2013, and experienced a decline in all sectors, including BDI. Bulk dry Index d ...
Sunday, 07 July 13
COAL PRICES REMAIN UNDER PRESSURE
COALspot.com – Coal swaps for the year 2014 indicate that, the pressure on coal prices will continue at least until next year. Ave ...
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- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Planning Commission, India
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
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