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Thursday, 10 July 14
SGX EXPANDS ACROSS THE BULKS WITH NEW COAL PRODUCTS
 COALspot.com: Singapore Exchange (SGX) is expanding its bulk commodity derivatives offering by launching new coking and thermal coal products on 4 August 2014. According to SGX's e-mail note, In addressing the market’s needs for more effective risk management solutions on commodities, SGX is launching new coking and thermal coal products early next month.
Coking Coal – enhancing the steel derivatives complex
Coking coal, also known as metallurgical coal, is a key raw material in the production of steel. Today, the majority of seaborne coking coal trade flow is concentrated in the Asia Pacific region. Australia makes up well over half of total seaborne supply, while approximately two thirds of demand is from major North Asian steelmaking regions (such as China, Japan, Korea, Taiwan & India).
Comprising approximately one-third of the variable cost in the production of crude steel, fluctuations in coking coal prices can significantly impact steelmaker profitability. Furthermore, the industry is transitioning towards wider adoption of shorter-term spot and index-linked pricing, adding greater price volatility and uncertainty across the steel value chain.
SGX believes that, the new SGX Coking Coal Swaps and Futures will augment the existing Iron Ore and HRC Steel derivative contracts. Market participants can more effectively lock in the ‘hot metal spread’ on one single clearing platform, and at the same time benefit from inter-commodity margin offsets, improving capital efficiency.
A note from SGX further said that, with increasing adoption of shorter-term index-linked pricing, SGX will launch two new premium hard coking coal derivative contracts (FOB Australia & CFR China) to support market participants with more effective price risk management solutions across the steel value chain.
Thermal Coal – all major Asian prices: one time-zone, one platform
Asia is both a key producer and consumer of thermal coal.
A decade ago, Asia accounted for approximately half of seaborne thermal coal demand. Today, Asian accounts for about three quarters of total seaborne demand. China and India in particular have been key drivers of seaborne thermal coal demand growth in recent years, while Indonesia and Australia are key exporters of the commodity, said SGX.
According to SGX, to serve the needs of the growing Asian thermal coal market, SGX is expanding its existing thermal coal product offerings (API 8 and IHS McCloskey Indonesian Sub-Bituminous Coal derivatives) to include derivatives based on the API 4 and API 5 indices.
API 4 is the price benchmark for thermal coal exported FOB (free-on-board) from Richards Bay in South Africa. While South African exports were historically more of a European market, the market has evolved in recent years and Asia now accounts for a majority of API 4 demand.
API 5 meanwhile is the price benchmark for thermal coal exported FOB from Newcastle in Australia, which has become an increasingly important reference price as Chinese imports have risen.
SGX enhances its suite of bulk commodity products with four new coking and thermal coal derivative products. These new contracts will complement our existing AsiaClear products to provide customers with access to even more effective, efficient and comprehensive risk management. According to SGX, all four contracts will be launched on 4 August 2014.
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Monday, 12 May 14
DRY BULK MARKET IS STILL STRUGGLING TO FIND FIRM FOOTING
COALspot.com: The freight market continued to be weak and the BDI closed slightly lower at 997 points or fell 1.96 pct week on week. The cape in ...
Friday, 09 May 14
RBCT SHIPPED 5.4 MMT OF COAL IN APRIL
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest coal export terminal in the world, shipped 5.45 million to ...
Friday, 09 May 14
DRY BULK MARKET: BANKRUPTCY TONNAGE UNLEASHED
Drewry’s latest Dry Bulk Forecaster saw freight rates on most routes declined in 2014’s first quarter as the previous quarter’ ...
Friday, 09 May 14
UNITED STATES COAL PRODUCTION SLIGHTLY SLIDES TO 82.4 MMST IN APRIL
COALspot.com – United States the world's second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal i ...
Thursday, 08 May 14
'TRIAL BY MEDIA, TRIAL BY LAW' - A REPORT FROM TRACK 1 OF BIMCO'S ANNUAL CONFERENCE DUBAI 2014
KNOWLEDGE TO ELEVATE
Aiming to bring a very different type of event into their annual conference, BIMCO presented ‘Double Jeopardy &n ...
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- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Bhatia International Limited - India
- PTC India Limited - India
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Planning Commission, India
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- White Energy Company Limited
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
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