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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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Wednesday, 26 December 12
SHIP OWNERS WRAP UP NEWBUILDING DEALS PRIOR TO YEAR END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the year inches closer and closer to its end, many ship owners are looking to close deals for newbuilding vessels they have been negotiating duri ...
Monday, 24 December 12
CONSTITUTIONAL COURT DECISION MAY FURTHER DELAY THE ISSUANCE OF NEW MINING BUSINESS LICENCES - TJEN SHE SIUNG
COALspot.com - In November 2012 the Constitutional Court of Indonesia issued a decision on amendments to certain provisions under the Mining Law No. ...
Monday, 24 December 12
BUNKER PRICES TO CONTINUE RISING, ALBEIT IN A SLOWER MODE, DURING THE NEXT FEW YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEW
In a recent report, US-based consulting firm Mcquilling Services attempted to forecast the course of bunker prices during the next few years, as thi ...
Sunday, 23 December 12
Q4' 2013 CFR SOUTH CHINA COAL SWAP, US$ 3.40 HIGHER COMPARED TO Q1' 2013 PRICE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 1.94 percent M-M and WoW by 1.57percent but lost 0.35 ...
Saturday, 22 December 12
SECOND HAND VESSELS ENJOY HIGH DEMAND AS PRICES ARE ATTRACTIVE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the year is closing to its end, activity in the second hand vessel market has been more than high. Ship owners are looking to ...
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- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Interocean Group of Companies - India
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
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