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Thursday, 27 December 12
INDONESIA SHIPPED 33.578* MMT COAL IN NOVEMBER
 COALspot.com: Indonesia, the world largest multi grade coal exporter has shipped 33.578* million tons of coal in November 2012. this is a significant quantity during this hard time.
According to available information from coal exporters and various other sources, China is the largest importer of Indonesian coal in November (as usual) followed by India. China’s Indonesian coal imports have reached 11.024* million tons in November. However, China has imported 2.65 percent less coal in November from Indonesia compared to a month ago.
Meanwhile, India, an another world’s largest coal importer has imported 8.671* million tons of coal from Indonesia last month, which is 9.68 percent lesser than its October imports.
However Low calorific value power plant coal of Indonesian origin is still dominating Indian market.
According to a coal supplier from Sumatera Island, low coal prices as well low sea freights are encouraging Indian and Chinese buyers to keep eye on Indonesian coal for last few months. This trend is expecting to continue next year. According to our weekly polling, Indian coal buyers are still believe that, Indonesia will be an attractive destination for coal in 2013 for Indian coal buyers.
85.19* percent of total Indonesian coal exported quantity in November shipped to top five traditional Indonesian coal buyers such as China, India, South Korea, Japan and Taiwan.
Indonesian coal market was flat last few days due to Christmas and new holidays and less inquiries. There is no coal available for spot shipments from big scale coal producers but few small scale producers are still holding some cargo to release on spot deals.
Indonesia’s November coal export was 4.45* percent lower than October exported quantity. 58.65* percent of Indonesia’s total coal exports in November goes to China and India.
Indonesian coal exports to China and India have increased significantly for last couple of year. Half of Indonesian coal exports always being shipped to China and India.
“We are not depends on India or China for our coal exports, but part of our export quantity is allocated for Indian and China to keep our share in those fast growing countries” said a coal producer from East Kalimantan. “ We managed our risk by diversifying our marketing strategy fairly between the coal consuming countries including and China and India,” he said.
According to mining law 4/2009 all coal miners in Indonesia to require to follow government declared coal prices ( HBA) when they conclude a coal sales and purchase contract with their buyers.
The government declared minimum selling price for Indonesian coal for December delivery was slightly higher than November minimum price.
The reference price is to be used by coal producers for all spot and term contracts. This coal benchmark price is stated as using a formula based on the index average of ICI-1 (Indonesia Coal Index), Platts-5900, Newcastle Export Index, and global Coal Index. The assessment basis of the coal price reference was calculated considering coal with GCV 6,322kcal/kg (GAR), Total Moisture (AR) 8.00%, Total Sulphur 0.8% (AR), Ash Content 15% (AR) and delivery Free on Board (FOB) Vessel basis.
The government declared HBA for December has increased 0.38 percent M-O-M but fell 27.44 percent Y-O-Y.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for December 2012 at US$ 81.75 per ton (basis 6322 GAR coal), which is US cents 31higher than November 2012 Price but US$ 30.92 lower compared to the same period in 2011.
Coal industry had a hard time in 2012 and coal producers are expected to face a tough time during next year, at least until first half of 2013. According to U.S. Energy Information Administration (EIA) forecasts that the delivered US coal price will average $2.40 per MMBtu in 2012 and $2.44 per MMBtu in 2013 in US. The forecasted price was not attractive for miners. EIA also forecasted, global coal demand will rise 2.6 percent annually in the next six years and challenge oil as the top energy source.
China was showing a positive on imported coal demand, as Reuters reported that, China's coal imports in the first 11 months of 2012 have jumped nearly 30 percent to 205.5 million tones and coal analysts forecasted that, the China's coal imports are expected to rise further in 2013 on the back of weak overseas demand and low international coal prices.
China, also has scrapped a regulation to cap spot thermal coal prices starting in 2013. According to media reports, National Development and Reform Commission (NDRC) will not intervene in annual coal price negotiations between sellers and utilities starting in 2013.
*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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Tuesday, 14 November 23
CHINA'S BELT AND ROAD INITIATIVE TURNS AWAY FROM COAL - WOOD MACKENZIE
Ambitious, contentious and big spending, China’s Belt and Road Initiative (BRI) is 10 years old. In that time, China has splashed more than U ...
Friday, 10 November 23
THE COMMODITIES FEED: OIL UNDER PRESSURE - ING
Energy – Brent plummets
The oil market came under significant pressure yesterday. ICE Brent settled 4.19% lower on the day and ...
Friday, 10 November 23
COAL USE AT U.S. POWER PLANTS CONTINUES DOWNWARD SPIRAL; FULL IMPACT ON MINES TO BE FELT IN 2024 - IEEFA
This year, the use of coal by the U.S.’s power producers has been so anemic that the fuel has not achieved a 20% market share in any month so ...
Friday, 10 November 23
INDIA: NATIONAL COAL INDEX RISES 3.83 POINTS IN SEPTEMBER AMID HIGHER DEMAND - LIVEMINT
The National Coal Index (NCI) rose 3.83 points to 143.91 in September amid growing demand for coal.
The union coal ministry on Tuesd ...
Thursday, 09 November 23
WE'RE PRODUCING TOO MUCH COAL, OIL AND GAS, REPORT SAYS - WSJ
World leaders pledged in 2015 to reduce emissions in a combined effort to limit climate change.
Now they are stepping up production ...
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- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- VISA Power Limited - India
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
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