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Wednesday, 16 April 14
INDONESIA'S FEBRUARY 2014 COAL EXPORT VOLUME FELL 2.41%
 COALspot.com: Indonesia, the world 4th largest coal producer and the global largest multi grade coal exporter shipped around $1.77* billion worth of coal in February 2014. According to our sources, the average export price of coal in February 2014 was around US$ 54.64 * per mt or around 0.29 percent higher than January 2014 average selling price of US$ 54.48 per MT*.
In the meantime, January 2014 average selling price of coal was around 0.99% lower than December 2013 average selling price.
Country's February 2014 export volume fell 2.41% and the revenue was also declined slightly compared Indonesia's January 2014 coal export revenue.
Indonesia shipped around 32.57* million tons of coal in February 2014, around 2.41% per cent lesser compared to country's January 2014 exports of 33.37* million tons.
According to available information that we obtained from various sources, China, the world’s largest coal producer and the net importer of coal has imported around 10.55* million tons of coal in February 2014 or around 18.09*% lower than China's coal imports from Indonesia in January 2014.
In the meantime, India's coal imports from Indonesian in February increased to 9.72* million tons or 13.55% higher than its January 2014 Import. Indonesia shipped around 8.56* million tons of coal in January 2014 to India.
According to Indonesian coal exports statistics, the China has dominated Indonesian coal imports in first quarter but almost lost to India in Q2 in 2013. However, China has again becomes largest Indonesian coal buyer for second half of 2013, which was continues in January and February 2014. India and China are the main coal importers of coal from Indonesia in last few years and Indonesian coal out puts are almost depends on Chinese and Indian imports. India is the major buyer of Indonesian medium to low calorific value coal. Indian utilities particularly state owned power producers used to buy Indonesian medium calorific value coal due its competitive price. Indonesian High value coal, such as 6000 GAR and above coal is used to be exported to Japan, South Korea. Due to freight advantages, the Indonesian higher value coal prices significantly high compare to other countries high grade coal prices.
According to information that we obtained from the market shows the Indonesian high calorific value coal's FOB prices were reached above US$ 87 - 90 per Mt in February 2014.
Around 64.24*% (64.25*% in January) of total Indonesian coal exports in February shipped to India and China.
Indonesia shipped 13.55 per cent more coal to India in February 2014 compared to country's January exports of 8.56* million tons. Indonesia exports mostly low calorific value coal to India. Indian buyers used to buy below 5000 GAR coal particularly 4200 and 3800 GAR coal from Indonesia, which is according to them more economically benefited and attractive compare to high GCV coal such as 6000 GAR coal.
Low calorific value power plant coal of Indonesian origin is still dominating Indian market compare to Chinese market. India used to buy 3800 – 4200 GAR coal from Indonesia and high calorific value coal from S/A. Indian coal importers, particularly traders are importing Indonesian ultra-low calorific coal particularly from Sumatra and North Kalimantan for blending purpose with South African high calorific value coal, said a coal importer familiar with Indonesian and S/A coal.
International markets have traditionally been the principle destination for Indonesian thermal coal, with around 83.93*% (86.31*% in January 2014) of the county's total thermal coal exports in February 2014 shipped to China, India, South Korea, Japan & Taiwan.
Indonesia shipped 12.88* & 10.55* million tons of coal to China in January & February 2014 respectively.
Indonesia's export thermal coals are bituminous to sub-bituminous in rank with widely varying ash, moisture and sulphur characteristics. In Indonesia, coals with as-received heat contents in excess of 5300 kcal/kg (gar) are generally classified as bituminous coals while coals with as-received heat contents of 4100 to 5300 kcal/kg (gar) are classified as sub-bituminous coals and below 4100 kcal/kg (gar) coals are classified as sub-bituminous "C" grade.
Indonesian Coal Price Reference
According to the Indonesian mining law 4/2009, all coal miners in Indonesia to require to follows the government declared coal prices (HBA) when they conclude a coal sale and purchase contract with their buyers either on spot or terms.
The Director General of Mineral and Coal’s declared the minimum selling price for Indonesian coal for April 2014 delivery was lower than March 2014 declared 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 April 2014 slipped 2.86% per cent month on month or 15.53% year on year (April 2013). April 2014 declared HBA was the lowest since December 2009.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for April 2014 delivery at US$ 74.81 per ton (basis 6322 GAR coal), which is US$ 2.20 lesser than March 2014 price or US$ 13.75 lower compared to the same period in 2013.
Royalty Increase; Export Duty
According to available information, the Indonesian government is studying a proposal to increase royalty on coal as well as to introduce an export duty for coal next year. Government is also studying another proposal to restrict coal loading ports in Indonesia to implement better monitoring system to eliminate illegal mining. Indonesia is having hundred of barge loading ports and anchorage coal loading point support coal loading in South, East and North Kalimantan as well as Sumatera Island. However our sources also said that, the government may not introduce new royalty or export duty soon and may wait for better market condition.
Indonesian leading coal miners are operating world class coal mines and loading terminals in Kalimantan and Sumatera.
Indonesia is to maintain the same level of coal output of 2013 for year 2014. According to media reports, Indonesia will produce around 421 million mt of coal in 2014 or the same volume that produced 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 does not accept any responsibility or liability for any damage or loss caused to any person as a result of any action taken on the basis of this information.
COALspot.com shall be obliged if errors / omissions are brought to its notice for carrying out corrections in this article.* All figures (volume, revenue and price) are subject to verification. Average selling price mentioned here is average selling price of from ultra low calorific coal to bituminous coal (cs)
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Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
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Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
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- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
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- Central Java Power - Indonesia
- MS Steel International - UAE
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Coal and Oil Company - UAE
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- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- White Energy Company Limited
- Minerals Council of Australia
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
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