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Friday, 29 June 12
INDONESIAN PRODUCERS ARE PLANNING TO CUT PRODUCTION IF COAL PRICES FALL FURTHER
 COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 31.54* million tons of coal in May 2012, compared to 31.86* million tons in April 2012. The May coal exports slightly down or drops just 1 percent from compared to April exports.
According to available information from coal exporters, the China was the largest importer of Indonesian coal in May, followed by India. China’s Indonesian coal imports has reached around 11.19* million tons in May, in the meantime India's imports around 7.57* million tons.
Indonesia's coal exports to China has increased by 1.78* percent in May to 11.19* million tons compared to last month, but to India dropped by 0.78* percent. Indian utilities imported 7.57* million tons in May, compared to 7.63* million tons in April 2012.
83.76* percent of total Indonesian coal exports in May shipped to top five traditional coal importers of Indonesian coal such as China, India, South Korea, Taiwan And Japan.
“Inquiries from India and China are still in the market, but the conclusions rates are lower compare to floating of inquiries" said an international coal trader. The FOB bids are not favoring suppliers at this moment, the gap between offers and bids are quite wider he added.
"This is the bottom level of price that we can accept to sell our cargo. If the coal prices fall further we may cut our production or if the situation goes worst, then we may stop totally our production until the situation rebound ", said a top officer from a coal mine in Sumatera. An another coal miner from South Kalimantan also shared the same view. Some of small scale producers are already reduced their output to 50 percent.
5,000 kcal/kg GAR coal from Central Kalimantan is being offered low sixties, but the bids were lower than those numbers.
In the meantime, a 5,800 kcal/kg GAR coal is being offered around mid seventies this week against bids of low seventies, a trader said. There is not much conclusions. However the offers and bids are flowing in to the market as normal level.
It is not clear whether the government of Indonesia will interfere to stabilize the coal prices of Indonesian origin by instructing coal miners to cut their production to keep demand stable to achieve better prices.
According to mining law 4/ 2009 all the miners in Indonesia to requires to follow government declared coal prices ( HBA) when they conclude a coal sales and purchase contract with their buyers.
However, in this month, the government declared minimum selling price of Indonesian coal for June delivery was higher than the current market prices. The producers, specially who are selling their coal on spot basis, forced to sell lower than HBA price but paying royalties and corporate taxes based on HBA prices.
“The profit margins are almost nearing to zero for those who sell coal on spot deals and low GCV / High moisture producers”, a small scale coal producer from South Kalimantan said.
The government declared HBA in June fall to lowest level since January 2011 and expecting to fall again in next month. The monthly coal reference price for coal sales in June fell 5.36 percent MoM and 18.80 percent YoY.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for June 2012 at US$ 96.65 per ton (basis 6322 GAR coal), which was US$ 5.47 lower than May 2012 Price and US$ 22.38 lower compared to the same period in 2011.
According to DSP of SGX AsiaClear OTC coal swaps, Indonesian sub-bituminous coal swaps and CFR South China coal contracts for August deliveries are moving positive direction since Monday this week.
According ongoing COALspot.com weekly polling, 41.12 percent of voters (as of now the total voters were 338) are believes that, the current coal spot price weakness is temporary and it will rebound before end of this year. 44.83 percent of producers (58) and 36.17 percent end-users (47) are also in the same view.
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 and has been collected from various press reports, organization and individuals considered reliable but 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.* Figures are subject to verification (cs)
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Friday, 21 August 20
BHP COMMITS TO SELLING ITS THERMAL COALMINES WITHIN TWO YEARS - THE GUARDIAN
Move follows pressure from investors but company stops short of full exit from coalmining
BHP has announced it plans to sell off its ...
Thursday, 20 August 20
MINER BHP CONFIRMS PLANS TO EXIT THERMAL COAL SECTOR - THE SYDNEY MORNING HERALD
The head of mining giant BHP has laid out plans for a reshaping of its global operations by seeking to quit thermal coal mining, offload some cokin ...
Thursday, 20 August 20
LONDON RETAINS ARBITER CROWN - BALTIC EXCHANGE | HFW
Fears that the UK’s decision to leave the European Union would dent the reputation of the nation’s capital as the leader in maritime ar ...
Wednesday, 19 August 20
U.S. COAL STOCKPILES STEADILY INCREASE AFTER REACHING LOWEST LEVEL IN A DECADE IN 2019 - EIA
After reaching their lowest level in more than a decade in March 2019, U.S. coal stockpiles steadily increased to 152 million tons in April 2020, r ...
Wednesday, 19 August 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.26 PCT - XINHUA
China Taiyuan coal transaction price index stood at 124.92 points Monday, down 0.26 percent week on week.
The index, released by Chi ...
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- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Australian Coal Association
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
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