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Friday, 30 November 12
IS INDONESIAN COAL INDUSTRY DEPENDS HEAVILY ON INDIA AND CHINA?
 COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 35,143,587* tons of coal in October 2012. October exports are 19.85* percent higher than September exports.
According to available information from coal exporters and various other sources, the China is the largest importer of Indonesian coal in October. China’s Indonesian coal imports has jumped to 11.32 * million tons in October meanwhile, India has imported 9.60 * million tons in the same month. Low coal prices were pushed higher coal exports in October, said a coal producer from South Kalimantan.
83.56* percent of total Indonesian coal exports in October shipped to top five traditional coal importers of Indonesian coal such as India, China, Japan, South Korea and Taiwan.
“Inquiries from India are still in the market, but the conclusions rates are lower compared to floating of inquiries" said an international coal trader. The bids from buyers are still lower specially for low GCV coal.
Most of the Indonesian small scale miners have already suspended their coal production, as those mine’s operation cost were higher than current coal prices. However the October exported quantity was quite higher compared to last few months.
59.52* percent of Indonesia’s total coal exports in October shipped to China and India. It is seems that, Indonesian coal industry is over depends on China and India for its exports.
A coal miners from Indonesia agreed that, yes Indonesia is exporting more coal to China and India last few months or years.
“ Yes, Indonesian coal exports to China and India has increased significantly in the last couple of year. But we believe most of the large scale coal producers are managed their risk very well by diversifying their marketing strategy fairly between the coal consuming countries including and China and India. However, it is contrary to the small scale producer who produces low CV coal to off spec coal, are subject to high risk and they are highly depends on those two countries,”
In the meantime, another miner said, China and India is depends on Indonesian coal. Both India and China are growing fast and they need more energy to meet their demand. Coal is still the recommended and cheapest energy for those two countries other than Hydro power. Hence as Indonesian coal producer, we no need worry or look for a alternative market immediately, as India or China will not suddenly changes their buying strategy or switch to another sources for coal in near future.
However the same miner said, Indonesian coal miners also have to carefully monitor the market condition and equilibrium between supply and demand and adjust the production accordingly to avoid oversupply which possibly lead to lower coal prices.
According to COALspot.com’s view, Indonesian coal industry is depends on India and China. Specially Indonesian small scale coal producers or IUP holders are pushing more coal to China and India on spot basis. If there is any sudden corrections on coal demand from India or China, then it will immediately react on Indonesian small scale coal producers.
According to mining law 4/2009 all the miners in Indonesia to requires all coal exporters 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 of Indonesian coal for November delivery was lower than October 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 in November dropped 5.35 percent M-O-M and 30.18% percent Y-O-Y.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for November 2012 at US$ 81.44 per ton (basis 6322 GAR coal), which was US$ 4.60 lower than October 2012 Price and US$ 35.21 lower compared to the same period in 2011.
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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Monday, 31 December 12
"DISTRESSED", "ECO" AND "FINANCE" ARE THE THREE WORDS WHICH CHARACTERIZED 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2012 was yet another year of speculation, anticipation, pessimism and more speculation in the shipping markets. According to the latest weekly repor ...
Saturday, 29 December 12
SHIPBREAKING YARDS IN INDIA DEMOLISH A TOTAL OF 527 VESSELS IN 2012, BREAKING ALL PREVIOUS RECORDS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
India's ship demolition experts of Star Matrix contemplated this week on the issue of why ships in the range of 1,000 and up to 6,500 liquid tons ( ...
Thursday, 27 December 12
A LOOK AT WORLD TRADE PATTERNS DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
While China's leaders are likely to stick with the 2012 economic growth rate of 7.5% when they chart a course for 2013 - its weakest pace since 199 ...
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. thi ...
Wednesday, 26 December 12
UPDATE ON EXPORT BAN ON RAW MINERALS AND ORE - RITA SUSANTO
COALspot.com - In May 2012, the Minister of Energy and Mineral Resources (“MoEMR”) in Regulation No.7 (“Reg-7”, amended by R ...
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- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- PTC India Limited - India
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
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