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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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- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Planning Commission, India
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
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