South Korea to increase coal import tax on 1 July
Jun 24, 2015 07:51 am UTC| Commentary
Indonesias coal exports to South Korea likely to face headwinds on 1 July 2015, when South Koreas revised coal import tax kicks in.The tax, announced on 5 June, will now be KRW 24,000/t (USD 21.36/t) of coal with a...
Indonesian coal producers expect a further margin squeeze
Jun 24, 2015 07:38 am UTC| Commentary
Asosiasi Pertambangan Batubara Indonesia (Indonesian Coal Mining Association) or the APBI-ICMA recently conducted a survey of 59 major coal companies. The survey results were largely in line with our observations following...
Indonesia’s exports continue to decline
Jun 24, 2015 07:28 am UTC| Commentary
While the quality of Indonesias export data has varied, the data itself provides a good gauge of the trend. The Ministry of Energy and Mineral Resources early-June statement noted the 2015 production target of 425mt, of...
Indonesia’s domestic demand remains lacklustre
Jun 24, 2015 07:26 am UTC| Commentary
The DMO guarantees supply availability to domestic power and coal-dependent industries.Indonesias Ministry of Energy and Mineral Resources recently revised the DMO for 2015 to 92mt from 110mt due to delays at power-plant...
Jun 24, 2015 07:05 am UTC| Commentary
EUR/USD: 1.1155 - 1.1209 overnight range. Spot pops back over 1.12 in Asia before IFO and Greece meetings. Beware of another break lower if equities extend gains (inverse correlation spot/stocks). 2wk EUR puts/USD calls...
Hungary's policy rate may lower to 1.4%
Jun 24, 2015 06:58 am UTC| Commentary
Central bank of Hungary cut its banchmark rate from 1.65% to 1.5% yeasterday. Based on the rate cut, Commerzbank lower the policy rate forecast from 1.5% to 1.4%.The state-ment pointed at the possibility of a further small...
Taiwan CBC is unlikely to react to the temporary weakness
Jun 24, 2015 06:37 am UTC| Commentary
The Taiwan DGBAS lowered its official forecast for Taiwans 2015 GDP growth to 3.28% yoy in May. That said, even after downgrading, the estimated 2015 growth rate is still stronger than actual GDP growth in 2012 and 2013,...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects