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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 $2.44 per MMBtu in 2013 in US. The forecasted price was not attractive for miners. EIA also forecasted, global coal demand will rise 2.6 percent annually in the next six years and challenge oil as the top energy source.
China was showing a positive on imported coal demand, as Reuters reported that, China's coal imports in the first 11 months of 2012 have jumped nearly 30 percent to 205.5 million tones and coal analysts forecasted that, the China's coal imports are expected to rise further in 2013 on the back of weak overseas demand and low international coal prices.
China, also has scrapped a regulation to cap spot thermal coal prices starting in 2013. According to media reports, National Development and Reform Commission (NDRC) will not intervene in annual coal price negotiations between sellers and utilities starting in 2013.
*The coal export information within this article is provided by COALspot.com on an "as is" and "as available” basis. All details about, given in good faith and has been collected from various press reports, organization and individuals considered reliable but without guarantee. While every care has been taken to ensure the accuracy of information furnished in this article. COALspot.com shall be obliged if errors / omissions are brought to its notice for carrying out corrections in this article.* Figures are subject to verification (cs)
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Friday, 02 December 22
INDONESIAN COAL PRICE REFERENCE PLUNGE TOWARD US$ 281.48 A TON AS DEMAND DROPS WORLDWIDE
COALspot.com: The cost of coal is falling so fast that it is beginning to put real money back in the pockets of end-users.
Indonesia ...
Wednesday, 30 November 22
INDONESIA’S BUMI RESOURCES TARGETS 2023 COAL OUTPUT OF 80 MLN TONNES - REUTERS
Indonesian coal miner PT Bumi Resources Tbk BUMI.JKis eyeing a 10% increase in output to 80 million tonnes next year amid expectations for more fav ...
Wednesday, 30 November 22
TANKERS: LONGER HAULS TO SUPPORT CONTINUED STRENGTH - BIMCO
Highlights
A rebound in the dirty tanker trade has led the Baltic Exchange Dirty Index (BDTI) to increase by 64% since our last report from mid ...
Wednesday, 30 November 22
MARKET INSIGHT - INTERMODAL
Shipping, although a conservative and innovation adverse industry, is currently in a transition period of digital transformation. According to a su ...
Tuesday, 29 November 22
INDIA TO RECEIVE FIRST LNG CARGO FROM INDONESIA’S TANGGUH LNG - REUTERS
India will receive its first cargo from Indonesia’s Tangguh liquefied natural gas (LNG) plant at the Dahej terminal on Monday, according to a ...
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- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- White Energy Company Limited
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- The University of Queensland
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
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