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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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Monday, 10 March 14
THE FREIGHT MARKET WAS QUITE FIRM THIS PAST WEEK
COALspot.com: The freight market was quite firm this past week with BDI sharply increased by 22.65 pct week on week and closed at 1543 points, while ...
Saturday, 08 March 14
LETTERS OF INDEMNITY - SKULD
KNOWLEDGE TO ELEVATE
In today's trading market, owners are frequently requested to accept a letter of indemnity (LOI) in exchange for complying ...
Friday, 07 March 14
DRY BULK MARKET TO BENEFIT FROM CHINA'S GDP GROWTH TARGET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With the dry bulk market freight rates finally making waves, China's aim of 7.5% GDP growth for 2014 mean once again positive news for the shipping ...
Friday, 07 March 14
RBCT, WORLD'S LARGEST COAL EXPORTING TERMINAL SHIPPED 1.78% LESS COAL MONTH ON MONTH
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest export coal terminal in the world, shipped 4.487 million tons of ...
Friday, 07 March 14
INDONESIA TO PRODUCE 421 MMT OF COAL IN 2014
Coalspot.com: Indonesia finally agreed to increased 2014 coal output by as much as 6 percent to 421 million metric tons from its previous plan, a se ...
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- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Minerals Council of Australia
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
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