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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, 27 June 13
US COAL EXPORTS BEATS CHINESE COAL IMPORTS AS THE MOST INFLUENTIAL COAL TRADE - BIMCO
The influence of American coal exports on seaborne transportation has grown significantly over the past decade. In 2002, the US exported 20.1 millio ...
Thursday, 27 June 13
HANDY : USD 12000 FOR SPOT COAL INDO/CHINA AND AROUND USD 13000 INDO/ECI - FEARNLEYS
Handy
Atlantic rates hold well. Continent to Far East is worth more than USD 14k daily whilst USG to Far East pay 23/24k a day. On the route from B ...
Thursday, 27 June 13
DRY BULK CARRIERS DOMINATE NEWBUILDING ORDERS AS SHIP OWNERS ARE ENCOURAGED BY LATEST FREIGHT RATE RALLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding orders for dry bulk carriers were already high, compared to last year, prior to the latest rally of the Baltic Dry Index (BDI), which ha ...
Tuesday, 25 June 13
CAPESIZE MARKET TO REMAIN BULLISH SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been experiencing its long-awaited rally, with the Baltic Dry Index, the industry's benchmark rising to healthier levels fo ...
Tuesday, 25 June 13
NEWCASTLE PORT SHIPPED OUT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 3,101,378 tons of coal for the week ended 0700 hours 24 June 2013, Newcastle Port Corp. ...
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- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
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