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Friday, 07 March 14
INDONESIA SHIPPED 7% LESS COAL IN JANUARY 2014 COMPARED TO ITS DECEMBER EXPORTS
 COALspot.com: Indonesia, the world 4th largest coal producer and the Global largest multi grade coal exporter shipped around $1.8* billion worth of coal in January 2014. According to our sources, the average export price of coal in January 2014 was around US$ 54.48* per mt or around 0.99 percent lower than December 2013 average selling price of US$ 55.03*.
In the meantime, December 2013 average selling price of coal was around 1.32% higher than November 2013 average selling price.
Country's January 2014 export volume fell 7.04% and the revenue was also declined slightly compared Indonesia's December2013 coal export revenue.
Indonesia shipped around 33.37* million tons of coal in January 2014, around 7% per cent lesser compared to country's December 2013 exports of 35.90* million tons.
According to available information that we obtained from various sources, China, the world’s largest coal producer and the net importer of coal has imported around 12.88* million tons of coal in January 2014 or around 10.30*% lower than China's coal imports from Indonesia in December 2013.
In the meantime, India's coal imports from Indonesian in January increased to 8.56* million tons or 7% higher than its December Import. Indonesia shipped around 8* million tons of coal in December 2013 to India.
According to Indonesian coal exports statistics, the China has dominated Indonesian coal imports in first quarter but almost lost to India in Q2. However, China has again becomes largest Indonesian coal buyer for second half of 2013, which is continues in January 2014. India and China are the main coal importers of coal from Indonesia in last few years and Indonesian coal out puts are almost depends on Chinese and Indian imports. India is the major buyer of Indonesian medium to low calorific value coal. Indian utilities particularly state owned power producers used to buy Indonesian medium calorific value coal due its competitive price. Indonesian High value coal, such as 6000 GAR and above coal is used to be exported to Japan, South Korea. Due to freight advantages, the Indonesian higher value coal prices significantly high compare to other countries higher value coal prices.
According to information that we obtained from the market shows, the Indonesian high calorific value coal's FOB Indonesia prices have reached around US$ 98 - 99 per Mt in January 2014.
Around 64.25*% (62.32*% in December) of total Indonesian coal exports in January goes India and China.
Indonesia shipped 7 per cent more coal to India in January 2014 compared to country's December exports of 8* million tons. Indonesia exports mostly low calorific value coal to India. Indian buyers used to buy below 5000 GAR coal particularly 4200 and 3800 GAR coal from Indonesia, which is according to them more economically viable and attractive compare to high GCV such as 6000 GAR coal.
Low calorific value power plant coal of Indonesian origin is still dominating Indian market compare to Chinese market. India used to buy 3800 – 4200 GAR coal from Indonesia and high calorific value coal from S/A. Indian coal importers, particularly traders are importing Indonesian ultra-low calorific coal particularly from Sumatra and North Kalimantan for blending purpose with South African high calorific value coal, said a coal importer familiar with Indonesian and S/A coal.
International markets have traditionally been the principle destination for Indonesian thermal coal, with around 86.31*% (85.86*% in December 2013) of the county's total thermal coal exports in January 2014 shipped to China, India, South Korea, Japan & Taiwan.
Indonesia shipped 14.36* & 12.88* million tons of coal to China in December 2013 & January 2014 respectively.
Indonesia's export thermal coals are bituminous to sub-bituminous in rank with widely varying ash, moisture and sulphur characteristics. In Indonesia, coals with as-received heat contents in excess of 5300 kcal/kg (gar) are generally classified as bituminous coals while coals with as-received heat contents of 4100 to 5300 kcal/kg (gar) are classified as sub-bituminous coals and below 4100 kcal/kg (gar) coals are classified as sub-bituminous "C" grade.
Indonesian Coal Price Reference
According to the Indonesian mining law 4/2009, all coal miners in Indonesia to require to follows the government declared coal prices (HBA) when they conclude a coal sale and purchase contract with their buyers either on spot or terms.
The Director General of Mineral and Coal’s declared the minimum selling price for Indonesian coal for February 2014 delivery was slightly lower than January 2014 declared 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 February 2014 down 1.78% per cent month on month and 8.95% year on year (February 2013).
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for February 2014 delivery at US$ 80.44 per ton (basis 6322 GAR coal), which is US$ 1.46 lesser than January 2014 price or US$ 7.91 lower compared to the same period in 2013. The bench mark price for coal for March 2014 delivery is expected to be released by Director General of Mineral and Coal any time this week.
Royalty Increase; Export Duty
According to available information, the Indonesian government is studying a proposal to increase royalty on coal as well as to introduce an export duty for coal next year. Government is also studying another proposal to restrict coal loading ports in Indonesia to implement better monitoring system to eliminate illegal mining. Indonesia is having hundred of barge loading ports and anchorage coal loading point support coal loading in South, East and North Kalimantan as well as Sumatera Island.
Indonesian leading coal miners are operating world class coal mines and loading terminals in Kalimantan and Sumatera.
Indonesia is to maintain the same level of coal output of 2013 in this year. According to media reports, Indonesia will produce around 421 million mt of coal in 2014 or the same volume that produced in 2013.
**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 does not accept any responsibility or liability for any damage or loss caused to any person as a result of any action taken on the basis of this information.
COALspot.com shall be obliged if errors / omissions are brought to its notice for carrying out corrections in this article.* All figures (volume, revenue and price) are subject to verification. Average selling price mentioned here is average selling price of from ultra low calorific coal to bituminous coal (cs)
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Wednesday, 04 June 14
SKULD: DIVERSIFICATION AND A ROBUST BOTTOM LINE
In February, I was delighted to ring in the new policy year with the Skuld team following a solid renewal round and a strong year. 2013 was, in man ...
Monday, 02 June 14
SUB-BIT FOB INDONESIA COAL SWAPS LOST GROUND THIS WEEK
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...
Monday, 02 June 14
SOUTH CHINA COAL SWAP WAS SHOWING A POSITIVE MOVE IN Q4, INSTEAD OF THIS WEEK'S WEAK TREND
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 3.39 percent month on month and closed at US$ 72.65 per mt as on F ...
Sunday, 01 June 14
INDO - INDIA SUPRMAX FREIGHT RATES CONTINUED TO DOWN THIS WEEK
COALspot.com: The freight market was soft this past week as all sectors soften particularly Panamax index was lost 129 points or 12.88% week on wee ...
Friday, 30 May 14
CLEAN COAL PROCESSING & CONVERSION ASIA SUMMIT 2014
Clean Coal Processing & Conversion Asia Summit 2014 will be held on Nov 20-21st, 2014 in Jakarta, Indonesia.
With the cooperation of ...
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- Indian Energy Exchange, India
- Commonwealth Bank - Australia
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- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
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- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
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- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
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- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- MS Steel International - UAE
- Planning Commission, India
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- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
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- Ministry of Mines - Canada
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- Karbindo Abesyapradhi - Indoneisa
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- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- The University of Queensland
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
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- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
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- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
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- Tamil Nadu electricity Board
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- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
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- Power Finance Corporation Ltd., India
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- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
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