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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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Thursday, 23 July 09
INDONESIA COAL-PRICES CLIMB TO $80, INDIAN DEMAND SLOWS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, jumped to nearly $80 a tonne this week, while Indonesi ...
Thursday, 23 July 09
COAL IMPORTS SURGE; EXPORTS DOWN IN H1
China Trade Information reported that, China’s coal imports surged by 126.3 percent year-on-year in the first half of 2009, reaching 48.3 mill ...
Thursday, 23 July 09
SRI LANKA CALLS FOR COAL SUPPLY BIDS
Daily Mirro reported that, In a move to install the country’s first coal power plant, Sri Lanka has invited bids to supply 2.4 million metric ...
Thursday, 23 July 09
POWER INVESTORS TURN BACKS ON VIETNAMESE COAL IMPORTERS
VietNamNet Bridge reported that, Investors of power plants always seek foreign coal sources to import themselves, believing they can come by it chea ...
Wednesday, 22 July 09
BERAU COAL DRAWS LOCAL, CHINESE BIDS - SOURCES
* Indonesian coal firm draws local, Chinese bids-sources
* Deal could value Berau at more than $1 billion-sources
Reuters reported that, China' ...
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- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Minerals Council of Australia
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- MS Steel International - UAE
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Eastern Coal Council - USA
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