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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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Monday, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...
Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts a ...
Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG, the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal P ...
Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulatio ...
Thursday, 09 July 09
COAL EXPORTS TO CHINA MAY FALL AS PRICES, SHIPPING RATES RISE
CHINA'S appetite for Australian coal may fall in July and August from earlier highs, due to a recent recovery in regional prices and higher interna ...
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- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Australian Coal Association
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
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