We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 04 March 14
HIGHER PRICES AND STEADY FREIGHT RATES LEAD SHIP OWNERS TO TEMPORARILY HALT SECOND HAND VESSEL PURCHASES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the dry bulk market has kept on improving, but at a very slow rate, ship owners have elected to take a step back from the flurry of the S&P m ...
Monday, 03 March 14
SUB-BIT INDONESIA COAL SWAP (FOB) FOR AVERAGE Q115 CLOSED AT $60.28, $ 1.70 HIGHER THAN 2Q14
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 slightly corrected do ...
Monday, 03 March 14
API 8 CFR SOUTH CHINA SWAPS: Q4' 2014 DELIVERY CLOSED US$ 1.40 HIGHER COMPARED TO Q2' 2014 DELIVERY
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.90 percent month on month and closed at US$ 76.27 per mt as on Fr ...
Monday, 03 March 14
COSTS LIABILITY PASSING DOWN A CHARTERPARTY CHAIN - SKULD
KNOWLEDGE TO ELEVATE
Provided that charterparties are on back to back terms, and the claim is successful, liability for costs incurred shoul ...
Sunday, 02 March 14
THE FREIGHT MARKET WAS STEADY TO FIRM THIS PAST WEEK - CAPT. REDDY
COALspot.com: The freight market was steady to firm this past week. The BDI was up 7.06 pct and closed at 1258 points and the cape index was also fi ...
|
|
|
Showing 3821 to 3825 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Planning Commission, India
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Sojitz Corporation - Japan
- The University of Queensland
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
|
| |
| |
|
