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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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Thursday, 06 February 20
CHINESE DEMAND KEY UNCERTAINTY FOR SEABORNE COAL MARKET IN 2020 - THE BRICS POST
Coal trader Noble Resources head of research Rodrigo Echeverri Cardozo had penciled in a 3 Mt drop in Chinese import demand for 2020, but it could ...
Wednesday, 05 February 20
CORONAVIRUS AND THE SHIPPING INDUSTRY - WATSON, FARLEY & WILLIAMS
The continued spread of Coronavirus and governmental measures to minimise the impact is likely to affect the shipping industry and supply chain.
...
Wednesday, 05 February 20
INDONESIA'S COAL PRICE REFERENCE UP 1.46% IN FEBRUARY
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Wednesday, 05 February 20
MARKET INSIGHT - INTERMODAL
The oil and gas industry benefitted from a strong and solid ground in the previous year. We witnessed a slow but steady increase in bunker’s ...
Wednesday, 05 February 20
RUSSIA EXPORTED 28.6 MLN TONNES OF LNG IN 2019 - REFINITIV
A lot of attention has been paid recently on the surge in LNG exports from the United States. However, another country which is seeing truly expone ...
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- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Australian Coal Association
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
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