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Tuesday, 25 February 14
SGX'S MONTHLY VOLUMES DRASTICALLY INCREASED AND REACHED A RECORD OF 810K TONNES YEAR-ON-YEAR
COALspot.com: SGX Thermal Coal derivatives started the new year with record volumes in January on the back of higher volatility, says SGX.
According to SGX, monthly volumes drastically increased year-on-year to reach a record of 810,000 tonnes. The one-day volume record was also renewed at 240,000 tonnes. Meanwhile open interest continued its growth for the seventh consecutive month to also set a new record at 925,000 tonnes.
Performance for the Indonesian Sub-Bituminous coal, in particular, stood out as monthly volumes also grew to record highs of 570,000 tonnes. According to SGX, key contributing brokers to the growing volumes and open interest in January are GFI Group and Marex Spectron.
SGX further said, customers were well-diversified from various segments of the industry. Traders, Power generation companies and Miners each account for a sizable portion of volumes in 2013 at 38%, 32%, and 24% respectively. Banks constituted the remaining 6% of participation.
Meanwhile, a high correlation (approximately 75%) between SGX API 8 CFR China Coal and ZCE thermal coal active-month prices also reflects close links between the sea-borne and domestic China thermal coal market.
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According to Standard Chartered Bank research, oversupply in both Global and Asian thermal coal markets will continue into 2014. This coupled with caution around slowing growth in emerging economies is expected to put downward pressure on thermal coal prices. Typically, being the cheapest and hence largest source of fuel for power generation in developing economies, coal is often the first among commodities to be impacted by energy demand and economic growth forecasts in these regions. As cited in media reports, in recent weeks, China-based coal firms and in particular, bank lending to these firms have come under scrutiny for risk of defaults due to softening coal prices and liquidity crunch. Hedging against significant price risk and counterparty credit defaults becomes even more important under such a market environment.
Rising Front Month Price Volatility
In addition, price volatility in recent months has also been inching up. Front month daily price volatility for SGX API 8 CFR China Coal derivatives broke out of the 4% range in December 2014 for the first time in more than a year. Similarly, price volatility for SGX Indonesian Sub-Bituminous Coal derivatives hit 4% for the first time in 6 months all pointing towards rising volatility in coal resulting in increasing need for hedging price risk, SGX says its latest note.
Source: SGX
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Monday, 24 February 14
DRY BULK MARKET TO IMPROVE OVER THE COURSE OF 2014, BUT OVERSUPPLY STILL AN ISSUE SAYS BIMCO'S CHIEF SHIPPING ANALYST
As a gruelling first quarter edges closer to the end, dry bulk ship owners are looking at an improved second quarter demand, which, coupled with slo ...
Monday, 24 February 14
INDONESIAN SUB-BITUMINOUS COAL SWAP FOR DELIVERY APRIL - JUNE 2014 SLIDES TO $ 58.60 PMT
COALspot.com – Indonesia, the world’s the largest exporter of the thermal coal's swaps for delivery April - June 2014 slide week ended ...
Monday, 24 February 14
Q1 2015 DELIVERY COAL SWAP CLOSED AT 2.62% HIGHER THAN Q2 2014 CLOSING SWAPS
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 2.68 percent month on month and closed at US$ 76.20 per mt as on Fr ...
Saturday, 22 February 14
SHIPPING POISED TO RALLY AFTER SEVERAL WEEKS OF DROP
COALspot.com: The freight market was steady to firm with the dry bulk index up by 6.24 pct closing at 1,175 points week on week and the cape index w ...
Saturday, 22 February 14
POTEN RAISES THE QUESTION OF ACCURACY IN CALCULATING TANKER FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the tanker market has grown in complexity over the course of the past few years, the question of whether the traditional methods of assessing rat ...
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- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- The University of Queensland
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
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