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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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Tuesday, 14 July 09
MMTC SAYS MAY RE-TENDER FOR 12.5 MLN T COAL
* KIS has demanded investigation into procurement
* MMTC says import delays could add to power shortages
Alibaba reported that, India's s ...
Tuesday, 14 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 11%; SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 11 ...
Monday, 13 July 09
EXPORT COAL PRODUCTION FROM MOOIPLAATS COULD START IN NOVEMBER
Mining Weekly reported that, South Africa-focused emerging miner Coal of Africa (CoAL) has completed a revised mining layout for its Mooiplaats ...
Monday, 13 July 09
NAPOCOR AWARDS 195,000 T COAL TO INDONESIAN FIRMS
ABC-CBN News reported that, Philippine electricity producer National Power Corp (Napocor) has awarded 195,000 tons in coal supply contracts to two I ...
Monday, 13 July 09
PAKISTAN TO IMPORT ABOUT 2.4 MILLION TONS OF INDONESIAN COAL AND 1.6 MILLION TON OF SOUTH AFRICAN COAL WITHIN NEXT 12 MONTHS
COALspot.com (Pakistan) : Pakistan has exported well over 12 million tons of cement while local sales have dropped a bit with the result 33 million to ...
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- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- The University of Queensland
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Independent Power Producers Association of India
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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