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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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Monday, 19 December 22
ENERGY CRISIS FUELS COAL COMEBACK IN GERMANY - REUTERS
Coal has made a comeback in Germany this year, as Europe’s largest economy turns to the dirty fuel to power it through an energy crisis.
...
Thursday, 15 December 22
MARKET INSIGHT - INTERMODAL
While observing the ship repair market very close to the end of the year, we are confident that shipyards worldwide are entering a new era. The nex ...
Tuesday, 13 December 22
STRONG COAL PRICES SUPPORT ROBUST EARNINGS AT INDONESIAN COAL MINERS - FITCH RATINGS
Fitch Ratings expects cash flow generation at Indonesian coal miners to remain strong in 2023, based on its forecast for coal prices to remain high ...
Tuesday, 13 December 22
BIMCO CII CLAUSE FINALLY RELEASED: DOES IT MAKE ANY SENSE OF CCI? - WFW
WHAT IS CII?
The new International Maritime Organisation’s (“IMO’s”) Carbon Intensity Indicator (“CII”) cer ...
Tuesday, 13 December 22
COAL BASE RAMPS UP ENERGY SUPPLY FOR WINTER NEEDS - XINHUA
Inner Mongolia Autonomous Region, China’s leading coal production base, has kicked its production into high gear to meet heating needs as col ...
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- Bhatia International Limited - India
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Australian Coal Association
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Mjunction Services Limited - India
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