COALspot.com keeps you connected across the coal world
  • AUGUST 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 72.67 A TON
  • SHARE YOUR CORPORATE COAL & SHIPPING NEWS WITH US - NEWS@COALSPOT.COM
  • WE WELCOME ARTICLE SUBMISSIONS FROM EXPERTS IN THE AREAS OF COAL, MINING, SHIPPING, ETC.

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Wednesday, 22 June 11
BOOMING INDONESIAN COAL EXPORTS - BLEEDING INDIAN POWER INDUSTRY


COALspot.com - Indonesia shipped 28.962 Million tons of coal  in May 2011, up by 15.86 percent compared to April export of about  24.995 million tons, Indonesian coal industry sources said. 56.30 percent up year-to year.

China's Indonesian coal imports have jumped up drastically in May by 2.105 MMt compared to its April imports. Chinese coal imports from Indonesia in May was higher than India's imports from Indonesia. India has imported 6.368 million tons in May where’s China has imported about 8.21 MMt which was 1.841 million MT higher. 

India has lost its largest Indonesian coal importer status to China first time in the last five months. India was the largest Indonesian coal importer since January 2011 followed by China and other Asian countries. China is expected to import more coal in this month and coming months to increase energy supplies to prevent a worsening of its  summer power shortage in seven years.

According to analyst, China faces a power shortfall, and that may extend to 40GW this northern summer, surpassing its 2004 power shortfall. China’s benchmark power-station coal prices rose to the highest since October 2008 as summer electricity demand increased in the world’s fastest-growing major economy, as quoted by Bloomberg its report early this week.

According to Indian coal minister,  Indian coal imports may be at 250 million tons per annum by 2016. Coal imports is unavoidable option for Indian utilities due to non availability of  economically viable coal from domestic mines.  However, according to Indian UMPPs, due to Indonesian government regulation that forces all coal producers must sell coal at government declared monthly prices, would cost them at least US$ 30 per ton higher than they previously budgeted.

"Implementation of this proposed new rule  by the Indonesian government ( I.e., the law mandates all coal producers to sell coal at government declared prices) will adversely impact all existing and future imported coal-based power plants in India, including UMPPs," Ashok Khurana, the Director General of the Association of Power Producers, said as reported by an Indian paper.

“When Indian companies invest in Indonesia, they tend to have the intent to sell coal at cost, so that Indonesian business unit remained at no or negligible profits. Taking a holistic view, however, the cash flows in an integrated Indonesian coal mining and Indian power generation unit after this regulation will continue to be similar, except that income taxes will be paid in Indonesia, and the cash flows will need to be brought on the books on Indian power project after paying taxes in Indonesia through appropriate and innovative business structuring,” said Dipesh Dipu, director, at Deloitte, mydigitalfc reported.


Indonesia has introduced bench mark pricing mechanism for its coal  since February 2010, and it has implemented for the domestic supplies as well export market. The pricing was done on very transparent way using four internationally acceptable coal indices to generate monthly Indonesian coal reference prices for about 62 types of coal including 8 types of bench mark qualities.

The regulation also requires miners to report sales volumes, prices, and buyers every month to the government, allowing it to ensure that the rules are being followed. Violations can lead to revocation of mining permits. The price benchmark aims to prevent firms selling coal to affiliates at low prices to avoid taxes that hurts Indonesia's efforts to collect revenues from its massive commodity exports.

Ministry of Energy and Mineral Resources of Indonesia has set the June 2011 Indonesian Coal Reference Price for thermal coal at US$ 119.03 per ton per ton, which was 1.20 percent higher than May 2011 price of US$ US$ 117.61. Assessment basis of coal price reference was calculated considering coal with GCV (GAR)  6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur (arb) 0.8%, Ash Content (arb) 15.00% and  delivery free on Board (FOB) Vessel basis  and applicable for spot contract, delivery between 1 – 30 June 2011.

Indonesian bituminous coal of 5,500 kcal/kg NAR was offered at between $ 108 - 110 a ton, FOB vessel basis this week, slightly up from last week price, traders said.

According to Indian power industry sources opined that  Indian UMPPs ( ultra-mega power project) suddenly caught in between as the concept of UMPP was implemented 4 to 5 years back. The large scale industrial houses in India  have bided and secured UMPP licenses based on the open market prices /long term coal contracts from Indonesian producers (I.e., pre regulated Indonesian market). Now that Indonesian coal reference price mechanism is in place all the UMPP's are seeking Indian government’s assistance in revising the Power Tariff of UMPP.

Now, the bankers who have funded the projects are bit worried about the rising Indonesian coal costs versus the power sales price which was pegged at pre-regulation prices, Indian banking industry sources said. Now, we need to see whether Indian Government allows the UMPPs to revise the power sale prices based on Indonesian coal reference price mechanism.

As such India cement and steel industries were used to buy coal from South Africa and Australia on index base pricing mechanism since last four to five years. in view of the attractive profit margin levels, entire Indonesian coal producers migrated to Index based pricing for coal contracts . “Where's still many of the Indian utilities and private consumers are still procuring the coal on firm delivered basis. This concept is creating lot of confusion in the Indian trade circles” an Indian trader commented.

77.12 percent of total coal exports in May goes to China, India, South Korea, Japan and Taiwan respectively.

The coal export information within this article is provided by coalspot.com on an "as is" and "as available” basis. All details about, given in good faith, without guarantee. While every care has been taken to ensure the accuracy of information furnished in this article. COALspot.com shall be obliged if errors / omissions are brought to its notice for carrying out corrections in this article.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Monday, 05 August 19
SUPRAMAX: COAL FROM INDONESIA TO CHINA PAID AT MID $8,000S ON A 57,000-TONNER DELIVERY SOUTH CHINA - BALTIC BRIEFING
Capesize Having hit a high of $32,963 early last week, the Capesize 5TC now stands at $25,749. This is over 20% of its value lost in 10 days. C ...


Thursday, 01 August 19
PANAMAX: THE SENTIMENT IN THE MARKET IS STILL POSITIVE FOR THE LONGER TERM - FEARNLEYS
Capesize Two weeks ago the 5TC index was at 33,000 USD pd. Since then it has fallen off a bit and has stayed around 27,000 USD pd the last week ...


Thursday, 01 August 19
INDIKA ENERGY REVENUES DECLINE DUE TO LOW COAL PRICES
One of the largest Indonesian integrated energy companies PT Indika Energy Tbk posted revenues of US $ 1,380.4 million, down 4.6% compared to US $ ...


Wednesday, 31 July 19
INDIA'S 2019 THERMAL COAL IMPORTS SEEN AT 180-185 MLN T - WOODMAC
India is expected to import 180-185 million tonnes of thermal coal in 2019, said Dale Hazelton, head of thermal coal at consultancy Wood Mackenzie. ...


Wednesday, 31 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
It was a fairly busy week in the dry S&P market. Despite the ease of Capesize rates which impacted Panamaxes as well, interest from potential b ...


   1 2 3 4 5   
Showing 6 to 10 news of total 5523
News by Category
Popular News
 
Total Members : 26,432
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • PetroVietnam
  • Simpson Spence & Young - Indonesia
  • Freeport Indonesia
  • Adani Power Ltd - India
  • India Bulls Power Limited - India
  • Siam City Cement - Thailand
  • EIA - United States
  • Peabody Energy - USA
  • CIMB Investment Bank - Malaysia
  • KPMG - USA
  • Mintek Dendrill Indonesia
  • TNPL - India
  • Globalindo Alam Lestari - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Dalmia Cement Bharat India
  • Malabar Cements Ltd - India
  • ICICI Bank Limited - India
  • GHCL Limited - India
  • Kobexindo Tractors - Indoneisa
  • Leighton Contractors Pty Ltd - Australia
  • Thai Mozambique Logistica
  • Deutsche Bank - India
  • Bukit Baiduri Energy - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Ernst & Young Pvt. Ltd.
  • BNP Paribas - Singapore
  • Orica Australia Pty. Ltd.
  • Africa Commodities Group - South Africa
  • Moodys - Singapore
  • Cement Manufacturers Association - India
  • Chettinad Cement Corporation Ltd - India
  • Core Mineral Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Gujarat Sidhee Cement - India
  • OCBC - Singapore
  • Merrill Lynch Commodities Europe
  • Humpuss - Indonesia
  • Surastha Cement
  • GAC Shipping (India) Pvt Ltd
  • Karbindo Abesyapradhi - Indoneisa
  • IOL Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Berau Coal - Indonesia
  • SUEK AG - Indonesia
  • New Zealand Coal & Carbon
  • TeaM Sual Corporation - Philippines
  • Metalloyd Limited - United Kingdom
  • IMC Shipping - Singapore
  • Intertek Mineral Services - Indonesia
  • CCIC - Indonesia
  • Indonesia Power. PT
  • Economic Council, Georgia
  • Tata Chemicals Ltd - India
  • Sical Logistics Limited - India
  • Shenhua Group - China
  • Coal India Limited
  • Indian School of Mines
  • Bangkok Bank PCL
  • ACC Limited - India
  • Mjunction Services Limited - India
  • Carbofer General Trading SA - India
  • J M Baxi & Co - India
  • Ambuja Cements Ltd - India
  • Bank of America
  • International Coal Ventures Pvt Ltd - India
  • Tamil Nadu electricity Board
  • Vizag Seaport Private Limited - India
  • European Bulk Services B.V. - Netherlands
  • Cigading International Bulk Terminal - Indonesia
  • Mitsui
  • Bhatia International Limited - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Lanco Infratech Ltd - India
  • Australian Commodity Traders Exchange
  • Miang Besar Coal Terminal - Indonesia
  • Parliament of New Zealand
  • NTPC Limited - India
  • Panama Canal Authority
  • EMO - The Netherlands
  • Holcim Trading Pte Ltd - Singapore
  • Formosa Plastics Group - Taiwan
  • Ind-Barath Power Infra Limited - India
  • Anglo American - United Kingdom
  • South Luzon Thermal Energy Corporation
  • Shree Cement - India
  • World Coal - UK
  • JPMorgan - India
  • Vitol - Bahrain
  • Edison Trading Spa - Italy
  • MEC Coal - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Glencore India Pvt. Ltd
  • Parry Sugars Refinery, India
  • Ministry of Transport, Egypt
  • Meenaskhi Energy Private Limited - India
  • Ministry of Finance - Indonesia
  • UBS Singapore
  • PetroVietnam Power Coal Import and Supply Company
  • London Commodity Brokers - England
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Platou - Singapore
  • Pendopo Energi Batubara - Indonesia
  • PLN Batubara - Indonesia
  • Global Coal Blending Company Limited - Australia
  • SMG Consultants - Indonesia
  • Chamber of Mines of South Africa
  • Star Paper Mills Limited - India
  • Clarksons - UK
  • MS Steel International - UAE
  • Minerals Council of Australia
  • PTC India Limited - India
  • Rio Tinto Coal - Australia
  • Jaiprakash Power Ventures ltd
  • Indian Oil Corporation Limited
  • RBS Sempra - UK
  • Central Electricity Authority - India
  • Tanito Harum - Indonesia
  • Kumho Petrochemical, South Korea
  • Toyota Tsusho Corporation, Japan
  • Interocean Group of Companies - India
  • Enel Italy
  • Reliance Power - India
  • Uttam Galva Steels Limited - India
  • JPower - Japan
  • Kobe Steel Ltd - Japan
  • Xstrata Coal
  • Heidelberg Cement - Germany
  • White Energy Company Limited
  • APGENCO India
  • Altura Mining Limited, Indonesia
  • Sakthi Sugars Limited - India
  • Mercuria Energy - Indonesia
  • Tata Power - India
  • The State Trading Corporation of India Ltd
  • OPG Power Generation Pvt Ltd - India
  • Asmin Koalindo Tuhup - Indonesia
  • Aboitiz Power Corporation - Philippines
  • Cosco
  • Maybank - Singapore
  • Kalimantan Lumbung Energi - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Runge Indonesia
  • Platts
  • Asian Development Bank
  • SGS (Thailand) Limited
  • Jorong Barutama Greston.PT - Indonesia
  • Essar Steel Hazira Ltd - India
  • U S Energy Resources
  • Coastal Gujarat Power Limited - India
  • Savvy Resources Ltd - HongKong
  • Adaro Indonesia
  • Cargill India Pvt Ltd
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • ANZ Bank - Australia
  • Aditya Birla Group - India
  • Infraline Energy - India
  • Independent Power Producers Association of India
  • Maersk Broker
  • Bahari Cakrawala Sebuku - Indonesia
  • Bharathi Cement Corporation - India
  • Borneo Indobara - Indonesia
  • BRS Brokers - Singapore
  • CoalTek, United States
  • Bangladesh Power Developement Board
  • Deloitte Consulting - India
  • Electricity Generating Authority of Thailand
  • Krishnapatnam Port Company Ltd. - India
  • Port Waratah Coal Services - Australia
  • Gupta Coal India Ltd
  • Idemitsu - Japan
  • Coaltrans Conferences
  • Sindya Power Generating Company Private Ltd
  • Vedanta Resources Plc - India
  • HSBC - Hong Kong
  • Maruti Cements - India
  • Antam Resourcindo - Indonesia
  • Eastern Coal Council - USA
  • GVK Power & Infra Limited - India
  • Gresik Semen - Indonesia
  • McConnell Dowell - Australia
  • Bhushan Steel Limited - India
  • Arch Coal - USA
  • Wood Mackenzie - Singapore
  • PLN - Indonesia
  • GNFC Limited - India
  • NALCO India
  • Kaltim Prima Coal - Indonesia
  • Merrill Lynch Bank
  • IEA Clean Coal Centre - UK
  • VISA Power Limited - India
  • Bank of China, Malaysia
  • Siam City Cement PLC, Thailand
  • Riau Bara Harum - Indonesia
  • Coeclerici Indonesia
  • Singapore Mercantile Exchange
  • Kideco Jaya Agung - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Salva Resources Pvt Ltd - India
  • Bhoruka Overseas - Indonesia
  • Videocon Industries ltd - India
  • Maheswari Brothers Coal Limited - India
  • Indorama - Singapore
  • bp singapore
  • PNOC Exploration Corporation - Philippines
  • Indonesian Coal Mining Association
  • Coal and Oil Company - UAE
  • Cardiff University - UK
  • Latin American Coal - Colombia
  • Mechel - Russia
  • Credit Suisse - India
  • ING Bank NV - Singapore
  • Samtan Co., Ltd - South Korea
  • Directorate General of MIneral and Coal - Indonesia
  • Ministry of Mines - Canada
  • Total Coal South Africa
  • Japan Coal Energy Center
  • SASOL - South Africa
  • Mitsubishi Corporation
  • Mercator Lines Limited - India
  • Medco Energi Mining Internasional
  • WorleyParsons
  • Marubeni Corporation - India
  • Qatrana Cement - Jordan
  • CESC Limited - India
  • The University of Queensland
  • Petrosea - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • GMR Energy Limited - India
  • Coal Orbis AG
  • GB Group - China
  • Jatenergy - Australia
  • Xindia Steels Limited - India
  • TANGEDCO India
  • Thomson Reuters GRC
  • Noble Europe Ltd - UK
  • Madhucon Powers Ltd - India
  • CNBM International Corporation - China
  • Directorate Of Revenue Intelligence - India
  • Kapuas Tunggal Persada - Indonesia
  • KOWEPO - South Korea
  • Vale Mozambique
  • Oldendorff Carriers - Singapore
  • Alfred C Toepfer International GmbH - Germany
  • Bayan Resources Tbk. - Indonesia
  • Posco Energy - South Korea
  • Indogreen Group - Indonesia
  • Malco - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Orica Mining Services - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Wilmar Investment Holdings
  • Lafarge - France
  • Georgia Ports Authority, United States
  • Timah Investasi Mineral - Indoneisa
  • Sojitz Corporation - Japan
  • Argus Media - Singapore
  • IHS Mccloskey Coal Group - USA
  • UOB Asia (HK) Ltd
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Commonwealth Bank - Australia
  • Arutmin Indonesia
  • globalCOAL - UK
  • Makarim & Taira - Indonesia
  • Eastern Energy - Thailand
  • Price Waterhouse Coopers - Russia
  • PowerSource Philippines DevCo
  • Sucofindo - Indonesia
  • World Bank
  • Grasim Industreis Ltd - India
  • Trasteel International SA, Italy
  • ETA - Dubai
  • The India Cements Ltd
  • Binh Thuan Hamico - Vietnam
  • Thiess Contractors Indonesia
  • Thriveni
  • KPCL - India
  • Mitra SK Pvt Ltd - India
  • Permata Bank - Indonesia
  • Barclays Capital - USA
  • Geoservices-GeoAssay Lab
  • ASAPP Information Group - India
  • Power Finance Corporation Ltd., India
  • Central Java Power - Indonesia
  • KEPCO - South Korea
  • Inco-Indonesia
  • Indika Energy - Indonesia
  • Cemex - Philippines
  • Karaikal Port Pvt Ltd - India
  • Bulk Trading Sa - Switzerland
  • IBC Asia (S) Pte Ltd
  • Barasentosa Lestari - Indonesia
  • Ince & co LLP
  • Banpu Public Company Limited - Thailand
  • The Treasury - Australian Government
  • Agrawal Coal Company - India
  • Ceylon Electricity Board - Sri Lanka
  • Energy Link Ltd, New Zealand
  • Rudhra Energy - India
  • Gujarat Electricity Regulatory Commission - India
  • Jindal Steel & Power Ltd - India
  • Thailand Anthracite
  • Billiton Holdings Pty Ltd - Australia
  • Attock Cement Pakistan Limited
  • Britmindo - Indonesia
  • DBS Bank - Singapore
  • Pinang Coal Indonesia
  • Thermax Limited - India
  • Goldman Sachs - Singapore
  • Inspectorate - India
  • Neyveli Lignite Corporation Ltd, - India
  • Sree Jayajothi Cements Limited - India
  • Russian Coal LLC
  • Samsung - South Korea
  • McKinsey & Co - India
  • Standard Chartered Bank - UAE
  • Asia Cement - Taiwan
  • Australian Coal Association
  • Larsen & Toubro Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Romanian Commodities Exchange
  • SRK Consulting
  • Fearnleys - India
  • Rashtriya Ispat Nigam Limited - India
  • Planning Commission, India
  • Kohat Cement Company Ltd. - Pakistan
  • Straits Asia Resources Limited - Singapore
  • LBH Netherlands Bv - Netherlands
  • Renaissance Capital - South Africa
  • Coalindo Energy - Indonesia
  • Bukit Makmur.PT - Indonesia