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Thursday, 21 July 11
INDIA IMPORTS 36.033 MILLION TONS OF INDONESIAN COAL TILL JUNE
 COALspot.com - Indonesia shipped 28.27 Million tons of coal in June 2011, a 2.3 percent lesser than May export of about 28.962 million tons, Indonesian coal industry sources said.
Indonesian coal producers have shipped approximately 8.236 million tons of coal to China in June, which was 0.24 percent higher than May 2011 exports. However, Indonesian producers failed to push more coal to India in June.
Indian importers have imported 2.63 percent lesser coal compared to May Imports. India has imported only around 6.20 million tons, which were around 21.95 percent of Indoneisan total coal exports in June. In the meantime, India has imported approximately 36.033 million tons coal, which was slightly lesser than Chinese's imports of 36.071 million tons, during first half this year.
India was the largest Indonesian coal importer since January 2011 until April 2011, until China becomes the largest importer of Indonesian coal since May 2011.
According to the coal minister of India, India's coal imports may be at 250 million tons per annum by 2016. Coal imports are an unavoidable options 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.
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.
There are mixed of reactions from Indian mine investors in Indonesia related to government regualtion on coal referance price. Indian power plants are must focus on the fuel security than price advantages out of Indonesian coal mine operations. Mine investments in Indonesia will definitely a good option for power producers of India to secure fuel for their plants, according to an Indian power producer who had invested coal mine in Indonesia.
Meantime, another investor opined that, more and more of Indian lenders are concerned with the sourcing of coal from Indonesia for their power generating plants after reported backing out of Reliance Power from their proposed 4000 MW UMMP in Krishnapatnam port zone due to higher cost for coal imports from Indonesia.
Indonesia has introduced bench mark pricing mechanism for its coal since February 2010, and it has implemented for the domestic supplies as well the export market. The pricing was done on the 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 July 2011 Indonesian Coal Reference Price for thermal coal at US$ 118.24 per ton per ton, which was 0.66 percent lesser than June 2011 price. 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 – 31 July 2011.
Indonesian government is currently drafting a new regulation that could ban the export of low-grade coal by January 12, 2014. This is likely to apply to coal below 5100 kilocalories (on air dried basis) in value.
Indonesian large-scale producers were offering bituminous coal of 5,500 kcal/kg NAR at around $ 108 a ton, FOB vessel basis, and the price was almost flat since last week, buyers said.
79.77 percent of total coal exports in June shipped 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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Saturday, 15 October 11
BUNKER PRICES AND DEMANDS PUSHED FREIGHT RATES UP - VISTAAR
COALspot.com - The market continued to be firm with all segments moving up with biggest gain in Handy size segment up by 15 pct. The BDI was u ...
Saturday, 15 October 11
BENGAL COAL IMPORT TEST - THE TELEGRAPH
The Telegraph reported that, the power position in Bengal improved today but alarm bells are ringing over imported coal stocks that are running out ...
Friday, 14 October 11
CAPE DERIVATIVES MARKET HAS NOT REFLECTED OWNERS EXPECTATIONS' - FEARNBULK
Handy
The Atlantic market continued its upward trend, with fresh cargo entering the market. Skaw Passero to US Gulf climbed US$ 1500 from la ...
Friday, 14 October 11
ADARO BUYS SERVO MEDA FOR RP200 BIO - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk (ADRO) announced that its subsidiary PT Alam Tri Abadi (ATI), acquired 35% stake in PT Serv ...
Thursday, 13 October 11
DRY BULK MARKETS RALLY CONTINUES, BUT ANALYSTS WARN IT WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market continued its push forward yesterday, for yet another session, as the BDI (Baltic Dry Index), the industry’s benchmark edg ...
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- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
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