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Thursday, 09 July 09
NO TRADE ON AUSTRALIA'S ASX COAL FUTURES DEBUT
*ASX's deliverable thermal coal futures debut without trade
*ASX says futures could present new arbitrage opportunities
The debut of Australia ASX Ltd's first deliverable thermal coal futures failed to attract any business on its Tuesday launch.
The coal futures, based on free-on-board Newcastle coal, saw no bids, offers or deals placed. The front-month October contract settled at $71 a tonne.
"Liquidity will take some time to build up. It didn't happen overnight for globalCOAL and likewise, this will take some time to gather momentum," said an Australian-based trader.
ASX's thermal coal futures competes with the futures contracts launched in December by Intercontinental Exchange using electronic trading platform globalCOAL's NEWC price benchmark.
The deliverable feature on ASX's futures separates it from ICE's NEWC coal futures contract, which is a financial product.
Participants can use the contract either directly through the ASX platform or place their bids or offers with their over-the-counter brokers.
Trading hours for the contracts are between 8:34 am - 4:30 pm (Australian Eastern State time) and between 5:14 pm - 7:00 am.
The launch of ASX's coal futures in a region where large buyers have been slow to embrace hedging, have prompted some market players to question if the platform can gather sufficient liquidity.
"This is a new product altogether and we expect it will draw a new pool of liquidity from existing market players," Anthony Collins, general manager of emerging markets at ASX, told Reuters. "It won't be stealing liquidity from globalCOAL."
ASX said its deliverable coal futures and options contracts could serve as a forward price alternative to the existing editorial and over-the-counter (OTC) derived indexes used for swap contracts and index-linked supply agreements.
It said it will also present opportunities to arbitrage existing index-based swaps and related option products.
Source: Reuters
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Wednesday, 05 August 09
SMALLER DRY BULK CARRIERS TO FARE BETTER UNTIL THE END OF 2009 - SHIPPING
Marcor Shipping reported that, Smaller ship types are expected to outtake larger ones in dry bulk trade for the period until the end of the year. Th ...
Wednesday, 05 August 09
PEOPLE'S MINING SHOULD BE REGULATED UNDER RPP MINERBA
The Indonesian Institute of Science (LIPI) has called on the government to include a specific provision for people’s mining in the draft govern ...
Tuesday, 04 August 09
SRI LANKA IS LOOKING FOR 650,000 TON OF COAL NEXT YEAR FOR ITS FIRST 900 MW POWER PLANT.
COALspot.com ( Sri Lanka) : Lanka Coal Company Limited was issued a tender on 23 July 2009 to purchase 650,000 +/- 20% MT Bituminous Coal per a ...
Monday, 03 August 09
ONE YEAR CHARTER RATES FOR SUPRAMAX WAS AT AROUND USD 18,500 - VISTAAR SINGAPORE
COALspot.com (Singapore) : The freight market was flat this week with hardly any change in the BDI.The cape was up by about 4 pct and closed at 5,38 ...
Saturday, 01 August 09
APGENCO SAYS BOUGHT 500,000T MALAYSIAN COAL
The Malaysian Insider reported that, Indian state utility Andhra Pradesh Power Generation Corporation Ltd (Apgenco) has bought 500,000 tonnes of Mal ...
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- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- The University of Queensland
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
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