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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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Wednesday, 07 December 22
MARKET INSIGHT - INTERMODAL
China’s coal imports from January to October were 230.1m mt, a decrease of around 10.7% y-o-y (2021 totalled 323.2m mt). The question is if t ...
Wednesday, 07 December 22
INDIA'S STEEL MINISTRY SEEKS IMPORT TAX WAIVER FOR COKING COAL - SOURCES REUTERS REPORTED
India’s steel ministry has asked the finance ministry for a waiver of import tax on coking coal among a slew of raw materials, as it scramble ...
Tuesday, 06 December 22
INDIA'S COAL PRODUCTION RISES 17% IN APR-NOV PERIOD - PTI
The country’s coal production increased 17 per cent to 524.20 million tonnes in the April-November period of the ongoing fiscal.
...
Tuesday, 06 December 22
INDONESIA AIMS TO STARTS COLLECTING COAL LEVY IN Q1 2023 - MINISTER, REUTERS REPORTED
Indonesia aims to establish a coal fund agency and start collecting a coal levy in the first quarter next year, to help ensure supply security for ...
Saturday, 03 December 22
COMPLEX RUSSIAN PRICE CAP MAKES MARITIME VISIBILITY A MUST - WINDWARD
Many commentators and analysts are speculating about the potential impact the Russian seaborne oil price cap will have on organizations and entitie ...
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- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- The University of Queensland
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Eastern Coal Council - USA
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
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