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Monday, 01 July 13
INDIA AND CHINA STILL DOMINATING THE INDONESIAN THERMAL COAL EXPORT MARKET
 COALspot.com: Indonesia, the world's largest multi types coal exporter shipped 35.83* million tons of coal in May 2013, 1.40 per cent lesser than April exports. The May exports are still a significant quantity during this hard time for coal exporters.
According to the available information from coal exporters as well as various other sources, the India, the world’s third largest coal producer and net coal importer was the largest importer of Indonesian coal in May 2013, followed by China. India also imported more coal in April from Indonesia compared to China’s imports.
The China has dominated Indonesian coal imports in first quarter but lost to India in Q2.
India’s coal imports from Indonesia in May 2013, has lost 4.36 percent compared to April imports of 12.37* million tons. India imported 11.83* million tons of Indonesian coal in May. The India imports mostly low calorific value coal from Indonesia in May 2013. Low calorific value power plant coal of Indonesian origin is still dominating Indian market. Indian coal importers, particularly traders are importing Indonesian ultra-low calorific coal for blending purpose with South African and American high calorific value coal.
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According to a coal supplier from Sumatera Island, low coal prices' as well low sea freights are encouraging Indian and Chinese buyers to keep an eye on Indonesian coal for last few months. This trend is expecting to continue next year unless the China executes their plan to ban low GCV / high sulphur coal.
Indonesia shipped 10.13* and 10.49* million tons of coal to China in April and May 2013 respectively. China’s Indonesia's coal imports in May slightly or marginally higher than its April imports.
Indonesian 4200 GAR coal is in high demand compared with other types of low calorific value coal.
83.15* percent of total Indonesian coal exports in May shipped to top five traditional Indonesian coal buyers such as India, China, Japan, South Korea and Taiwan.
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Indonesian coal market was almost flat last few days. No major corrections seen in coal prices. However, Bloomberg reported that, the coal prices in Asia are showing little sign of recovery after the biggest quarterly decline in a year amid subdued demand and increasing supply from Australia and Indonesia, the world’s largest exporters.
Indonesia’s May’ 13 coal exports were 1.40 * percent lower than April exports of 36.34 million tons. 62.32* percent of Indonesia’s total coal exports in May burned in India (33.02%*) and China (29.30%*).
Indonesian coal exports to India and China have increased significantly for last few years due to high demands from those two countries. The current Indian coal production is not able to support the high demand of coal and the Coal India, world’s largest coal miner is now planning to import coal from overseas to fill the gap between the supply and demand. India imported 43% more of the fuel than a year ago on increased demand from power stations and steelmakers, according to shipping data, the live Mint reported on 27 June.
India, where 59% of electricity generation is coal-fired, added 1,570 megawatts of thermal power in May to boost its total installed capacity to 225,133 megawatts, according to the Central Electricity Authority, the Economic Times reported on 24 June.
Indonesian small-scale low calorific value coal production and export highly depend China and India. However big scale producers are saying that, they are not just depended on India and China for their exports. “We are not depended on India or China for our coal exports. Part of our export quantity is allocated for India and China to keep our share in those fast-growing countries” said a coal producer from East Kalimantan. “We manage our risk by diversifying our marketing strategy fairly between the coal consuming countries, including and China and India,” he said.
The Indonesian government is studying a proposal to increase royalty as well as introduce an export tax for coal next year. In the meantime, China has drafted a regulation to ban low GCV and high sulphur coal on environment grounds. The coal industry in Indonesia may face another correction if both governments are serious on their own plans.
According to Indonesian mining law 4/2009, all coal miners in Indonesia to require to follow government declared coal prices (HBA) when they conclude a coal sale and purchase contract with their buyers.
The Director General of Mineral and Coal’s declared the minimum selling price for Indonesian coal for June delivery was slightly lower than May's 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 for June has fell 0.54% percent on month and 12.19% on year.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for June 2013 at US$ 84.87 per ton (basis 6322 GAR coal), which is US cent 46 lesser than May 2013 price and US$ 11.78 lower compared to the same period in 2012.
Coal industry had a hard time since 3rd quarter of 2012 and it is expected to continue at least until 4th Quarter of this year or early next year.
*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, 24 June 13
INDONESIA COAL SWAP FOR AUGUST 2013 DELIVERY GAINS WEEK ON WEEK
COALspot.com – Coal prices for immediate supply contracts have started moving up, but prices for next year supply shows a negative trend ...
Sunday, 23 June 13
BDI CROSSED ITS PSYCHOLOGICAL BARRIER THIS WEEK - VISTAAR
COALspot.com : The BDI crossed the psychological barrier of 1000 points after many months and closed at 1,027 points, which were up by 14.11 pct wee ...
Sunday, 23 June 13
SHIP PRICES NOT FOLLOWING FREIGHT MARKET FUNDAMENTALS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Although it's been the case in many occasions in the past, it appears that ship prices haven't been quite following freight market fundamentals, i ...
Friday, 21 June 13
U.S. COAL PRODUCTION INCREASED WEEK ON WEEK, EIA SAYS
COALspot.com – United states the world’s second largest coal producer produced totalled approximately 19.70 million short tons (mmst) of ...
Thursday, 20 June 13
CAPESIZE : FINALLY A SUBSTANTIAL IMPROVEMENT IN RATES! - FEARNLEYS A.S
Handy
Atlantic market kept a steady curve from last week. US Gulf positions fetched tick above USD 21k for Cont/Skaw direction, and vessels fixed f ...
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- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- The University of Queensland
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- PTC India Limited - India
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Aditya Birla Group - India
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