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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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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- The University of Queensland
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Australian Coal Association
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Posco Energy - South Korea
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
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