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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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Sunday, 21 June 09
CHINESE MINERS SEAL THERMAL COAL DEALS WITH JAPAN AND KOREA
As the confrontation between China's power and coal enterprises become more and more serious, coal enterprises which had supposedly been in the sho ...
Sunday, 21 June 09
MERCATOR TO BUY 3 BULK VESSELS
Mercator Lines, India’s second-largest private shipping company, is expanding its capacity and is set to acquire three gearless post-Panamax b ...
Sunday, 21 June 09
COAL SCARCITY HITS BIHAR POWER PLANTS
The Rs 60,000 crore 12,500mw power projects cleared by the State Investment Planning Board (SIPB) which could change the face of Bihar if commission ...
Sunday, 21 June 09
NLC CHALKS OUT RS 40K CR INVESTMENT
Public sector mini rathna, Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in
the mining ...
Sunday, 21 June 09
TRANSPORT PROBLEMS HOLD BACK RUSSIAN COAL EXPORTS
Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia's leading coal producers to increase exports quickly to ...
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- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Minerals Council of Australia
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
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