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Wednesday, 22 June 11
BOOMING INDONESIAN COAL EXPORTS - BLEEDING INDIAN POWER INDUSTRY
 COALspot.com - Indonesia shipped 28.962 Million tons of coal in May 2011, up by 15.86 percent compared to April export of about 24.995 million tons, Indonesian coal industry sources said. 56.30 percent up year-to year.
China's Indonesian coal imports have jumped up drastically in May by 2.105 MMt compared to its April imports. Chinese coal imports from Indonesia in May was higher than India's imports from Indonesia. India has imported 6.368 million tons in May where’s China has imported about 8.21 MMt which was 1.841 million MT higher.
India has lost its largest Indonesian coal importer status to China first time in the last five months. India was the largest Indonesian coal importer since January 2011 followed by China and other Asian countries. China is expected to import more coal in this month and coming months to increase energy supplies to prevent a worsening of its summer power shortage in seven years.
According to analyst, China faces a power shortfall, and that may extend to 40GW this northern summer, surpassing its 2004 power shortfall. China’s benchmark power-station coal prices rose to the highest since October 2008 as summer electricity demand increased in the world’s fastest-growing major economy, as quoted by Bloomberg its report early this week.
According to Indian coal minister, Indian coal imports may be at 250 million tons per annum by 2016. Coal imports is unavoidable option for Indian utilities due to non availability of economically viable coal from domestic mines. However, according to Indian UMPPs, due to Indonesian government regulation that forces all coal producers must sell coal at government declared monthly prices, would cost them at least US$ 30 per ton higher than they previously budgeted.
"Implementation of this proposed new rule by the Indonesian government ( I.e., the law mandates all coal producers to sell coal at government declared prices) will adversely impact all existing and future imported coal-based power plants in India, including UMPPs," Ashok Khurana, the Director General of the Association of Power Producers, said as reported by an Indian paper.
“When Indian companies invest in Indonesia, they tend to have the intent to sell coal at cost, so that Indonesian business unit remained at no or negligible profits. Taking a holistic view, however, the cash flows in an integrated Indonesian coal mining and Indian power generation unit after this regulation will continue to be similar, except that income taxes will be paid in Indonesia, and the cash flows will need to be brought on the books on Indian power project after paying taxes in Indonesia through appropriate and innovative business structuring,” said Dipesh Dipu, director, at Deloitte, mydigitalfc reported.
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Indonesia has introduced bench mark pricing mechanism for its coal since February 2010, and it has implemented for the domestic supplies as well export market. The pricing was done on very transparent way using four internationally acceptable coal indices to generate monthly Indonesian coal reference prices for about 62 types of coal including 8 types of bench mark qualities.
The regulation also requires miners to report sales volumes, prices, and buyers every month to the government, allowing it to ensure that the rules are being followed. Violations can lead to revocation of mining permits. The price benchmark aims to prevent firms selling coal to affiliates at low prices to avoid taxes that hurts Indonesia's efforts to collect revenues from its massive commodity exports.
Ministry of Energy and Mineral Resources of Indonesia has set the June 2011 Indonesian Coal Reference Price for thermal coal at US$ 119.03 per ton per ton, which was 1.20 percent higher than May 2011 price of US$ US$ 117.61. Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur (arb) 0.8%, Ash Content (arb) 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 – 30 June 2011.
Indonesian bituminous coal of 5,500 kcal/kg NAR was offered at between $ 108 - 110 a ton, FOB vessel basis this week, slightly up from last week price, traders said.
According to Indian power industry sources opined that Indian UMPPs ( ultra-mega power project) suddenly caught in between as the concept of UMPP was implemented 4 to 5 years back. The large scale industrial houses in India have bided and secured UMPP licenses based on the open market prices /long term coal contracts from Indonesian producers (I.e., pre regulated Indonesian market). Now that Indonesian coal reference price mechanism is in place all the UMPP's are seeking Indian government’s assistance in revising the Power Tariff of UMPP.
Now, the bankers who have funded the projects are bit worried about the rising Indonesian coal costs versus the power sales price which was pegged at pre-regulation prices, Indian banking industry sources said. Now, we need to see whether Indian Government allows the UMPPs to revise the power sale prices based on Indonesian coal reference price mechanism.
As such India cement and steel industries were used to buy coal from South Africa and Australia on index base pricing mechanism since last four to five years. in view of the attractive profit margin levels, entire Indonesian coal producers migrated to Index based pricing for coal contracts . “Where's still many of the Indian utilities and private consumers are still procuring the coal on firm delivered basis. This concept is creating lot of confusion in the Indian trade circles” an Indian trader commented.
77.12 percent of total coal exports in May goes to China, India, South Korea, Japan and Taiwan respectively.
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, 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.
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Wednesday, 26 February 20
SHIPPING MARKET INSIGHT - INTERMODAL
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Wednesday, 26 February 20
AS ALL OF THE GLOBAL COAL GIANTS EXIT SOUTH AFRICA, ESKOM TO DEPEND ON TWO MINERS FOR 70% OF ITS SUPPLY - BUSINESS INSIDER
While some of its politicians continue to imagine that coal has a future in South Africa, two key developments from the real world show that securi ...
Tuesday, 25 February 20
DELTA DUNIA MAKMUR REGISTERED A NET PROFIT OF US$20 MILLION FOR FY 2019
PT Delta Dunia Makmur, one of the largest coal mining company in Indonesia, has recorded an US$882 million revenue for FY 2019, 1% lower compared t ...
Tuesday, 25 February 20
SHIPPING UPDATE - ALLIED
The positive feeling and optimism for a fresh rally during the first few months of 2020 that prevailed in the tanker markets during the final quart ...
Monday, 24 February 20
COULD SOME VLSFO FUELS BE BANNED? - GIBSON
The run up to the implementation of the new IMO rules on marine fuels from1st January 2020 had owners and charterers analysing the vari ...
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Showing 1106 to 1110 news of total 6871 |
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- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- The University of Queensland
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- White Energy Company Limited
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- PTC India Limited - India
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
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