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Thursday, 21 July 11
INDIA IMPORTS 36.033 MILLION TONS OF INDONESIAN COAL TILL JUNE
 COALspot.com - Indonesia shipped 28.27 Million tons of coal in June 2011, a 2.3 percent lesser than May export of about 28.962 million tons, Indonesian coal industry sources said.
Indonesian coal producers have shipped approximately 8.236 million tons of coal to China in June, which was 0.24 percent higher than May 2011 exports. However, Indonesian producers failed to push more coal to India in June.
Indian importers have imported 2.63 percent lesser coal compared to May Imports. India has imported only around 6.20 million tons, which were around 21.95 percent of Indoneisan total coal exports in June. In the meantime, India has imported approximately 36.033 million tons coal, which was slightly lesser than Chinese's imports of 36.071 million tons, during first half this year.
India was the largest Indonesian coal importer since January 2011 until April 2011, until China becomes the largest importer of Indonesian coal since May 2011.
According to the coal minister of India, India's coal imports may be at 250 million tons per annum by 2016. Coal imports are an unavoidable options 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.
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.
There are mixed of reactions from Indian mine investors in Indonesia related to government regualtion on coal referance price. Indian power plants are must focus on the fuel security than price advantages out of Indonesian coal mine operations. Mine investments in Indonesia will definitely a good option for power producers of India to secure fuel for their plants, according to an Indian power producer who had invested coal mine in Indonesia.
Meantime, another investor opined that, more and more of Indian lenders are concerned with the sourcing of coal from Indonesia for their power generating plants after reported backing out of Reliance Power from their proposed 4000 MW UMMP in Krishnapatnam port zone due to higher cost for coal imports from Indonesia.
Indonesia has introduced bench mark pricing mechanism for its coal since February 2010, and it has implemented for the domestic supplies as well the export market. The pricing was done on the 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 July 2011 Indonesian Coal Reference Price for thermal coal at US$ 118.24 per ton per ton, which was 0.66 percent lesser than June 2011 price. 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 – 31 July 2011.
Indonesian government is currently drafting a new regulation that could ban the export of low-grade coal by January 12, 2014. This is likely to apply to coal below 5100 kilocalories (on air dried basis) in value.
Indonesian large-scale producers were offering bituminous coal of 5,500 kcal/kg NAR at around $ 108 a ton, FOB vessel basis, and the price was almost flat since last week, buyers said.
79.77 percent of total coal exports in June shipped 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.
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Wednesday, 03 November 21
MARKET INSIGHT - INTERMODAL
November is here and soon the all time seasonal favorite “all I want or Christmas is you” by Mariah Carey will be played in radio stati ...
Monday, 01 November 21
COAL PRICES HAVE FURTHER ROOM TO DROP: TOP ECONOMIC PLANNER - GLOBAL TIMES
China’s top economic planner said coal prices have further room to drop on Friday, as the most traded coal futures dropped to below 1,000 yua ...
Saturday, 30 October 21
CHINA'S COAL PRICES SEE BIGGEST WEEKLY FALL IN MORE THAN 5 YEARS - REUTERS
China’s coal futures prices saw their biggest fall in more than five years after the powerful state planner said there is still room to adjus ...
Saturday, 30 October 21
G-20 LEADERS PREPARE STATEMENT TO STOP FUNDING FOREIGN COAL PLANTS - BLOOMBERG
Leaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climat ...
Friday, 29 October 21
APAC THERMAL COAL SUPPLY TO REMAIN TIGHT AS WINTER LOOMS - FITCH RATINGS
APAC thermal coal prices have surged, hitting historically high levels. The benchmark Newcastle 6,000kcal/kg grade coal reached USD228/tonne in mid ...
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- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Madhucon Powers Ltd - India
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