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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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- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
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- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Australian Coal Association
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- The University of Queensland
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
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- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
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