COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.

Recent News

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 ...


   763 764 765 766 767   
Showing 3821 to 3825 news of total 6871
News by Category
Popular News
 
Total Members : 28,691
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Xindia Steels Limited - India
  • Attock Cement Pakistan Limited
  • Banpu Public Company Limited - Thailand
  • NALCO India
  • Credit Suisse - India
  • Arutmin Indonesia
  • Mintek Dendrill Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • CIMB Investment Bank - Malaysia
  • Lafarge - France
  • Kepco SPC Power Corporation, Philippines
  • Aboitiz Power Corporation - Philippines
  • Peabody Energy - USA
  • Kobe Steel Ltd - Japan
  • Wood Mackenzie - Singapore
  • IEA Clean Coal Centre - UK
  • Renaissance Capital - South Africa
  • Parliament of New Zealand
  • European Bulk Services B.V. - Netherlands
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Coal and Oil Company - UAE
  • Port Waratah Coal Services - Australia
  • Kapuas Tunggal Persada - Indonesia
  • NTPC Limited - India
  • TNPL - India
  • Dalmia Cement Bharat India
  • Wilmar Investment Holdings
  • Merrill Lynch Bank
  • Central Electricity Authority - India
  • Orica Australia Pty. Ltd.
  • Bank of America
  • Heidelberg Cement - Germany
  • Globalindo Alam Lestari - Indonesia
  • Thai Mozambique Logistica
  • Siam City Cement - Thailand
  • Sical Logistics Limited - India
  • Maybank - Singapore
  • Jindal Steel & Power Ltd - India
  • Medco Energi Mining Internasional
  • Bharathi Cement Corporation - India
  • Commonwealth Bank - Australia
  • Singapore Mercantile Exchange
  • Economic Council, Georgia
  • Shree Cement - India
  • UBS Singapore
  • Bank of China, Malaysia
  • The India Cements Ltd
  • Sindya Power Generating Company Private Ltd
  • Iligan Light & Power Inc, Philippines
  • Price Waterhouse Coopers - Russia
  • Adani Power Ltd - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • India Bulls Power Limited - India
  • The University of Queensland
  • TNB Fuel Sdn Bhd - Malaysia
  • SMC Global Power, Philippines
  • McConnell Dowell - Australia
  • Simpson Spence & Young - Indonesia
  • Africa Commodities Group - South Africa
  • Ernst & Young Pvt. Ltd.
  • Bangladesh Power Developement Board
  • Sree Jayajothi Cements Limited - India
  • Mercuria Energy - Indonesia
  • Edison Trading Spa - Italy
  • Xstrata Coal
  • Ministry of Finance - Indonesia
  • Coal Orbis AG
  • Australian Commodity Traders Exchange
  • Britmindo - Indonesia
  • Tata Power - India
  • Marubeni Corporation - India
  • Timah Investasi Mineral - Indoneisa
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Merrill Lynch Commodities Europe
  • Indian Oil Corporation Limited
  • Panama Canal Authority
  • Indo Tambangraya Megah - Indonesia
  • Asia Cement - Taiwan
  • Carbofer General Trading SA - India
  • ING Bank NV - Singapore
  • Vizag Seaport Private Limited - India
  • Thailand Anthracite
  • Formosa Plastics Group - Taiwan
  • Leighton Contractors Pty Ltd - Australia
  • Interocean Group of Companies - India
  • CoalTek, United States
  • Maersk Broker
  • Karaikal Port Pvt Ltd - India
  • Indonesia Power. PT
  • Grasim Industreis Ltd - India
  • EMO - The Netherlands
  • Cigading International Bulk Terminal - Indonesia
  • Latin American Coal - Colombia
  • TGV SRAAC LIMITED, India
  • Bukit Baiduri Energy - Indonesia
  • Shenhua Group - China
  • ICICI Bank Limited - India
  • Binh Thuan Hamico - Vietnam
  • Neyveli Lignite Corporation Ltd, - India
  • Power Finance Corporation Ltd., India
  • Sojitz Corporation - Japan
  • Gujarat Electricity Regulatory Commission - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Berau Coal - Indonesia
  • Deloitte Consulting - India
  • Freeport Indonesia
  • WorleyParsons
  • Barasentosa Lestari - Indonesia
  • Ind-Barath Power Infra Limited - India
  • Thiess Contractors Indonesia
  • Posco Energy - South Korea
  • Electricity Generating Authority of Thailand
  • Essar Steel Hazira Ltd - India
  • ACC Limited - India
  • Global Business Power Corporation, Philippines
  • Global Green Power PLC Corporation, Philippines
  • SRK Consulting
  • Petrosea - Indonesia
  • Altura Mining Limited, Indonesia
  • Deutsche Bank - India
  • Coalindo Energy - Indonesia
  • Salva Resources Pvt Ltd - India
  • Mitra SK Pvt Ltd - India
  • Gujarat Mineral Development Corp Ltd - India
  • Vedanta Resources Plc - India
  • Petron Corporation, Philippines
  • Kideco Jaya Agung - Indonesia
  • Meralco Power Generation, Philippines
  • Makarim & Taira - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Alfred C Toepfer International GmbH - Germany
  • Mitsui
  • OCBC - Singapore
  • Clarksons - UK
  • Planning Commission, India
  • Humpuss - Indonesia
  • Malabar Cements Ltd - India
  • Meenaskhi Energy Private Limited - India
  • Central Java Power - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Uttam Galva Steels Limited - India
  • Chettinad Cement Corporation Ltd - India
  • BRS Brokers - Singapore
  • Kartika Selabumi Mining - Indonesia
  • Global Coal Blending Company Limited - Australia
  • Cement Manufacturers Association - India
  • Aditya Birla Group - India
  • South Luzon Thermal Energy Corporation
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • GMR Energy Limited - India
  • JPower - Japan
  • Maruti Cements - India
  • The State Trading Corporation of India Ltd
  • Bayan Resources Tbk. - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Bukit Makmur.PT - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • PTC India Limited - India
  • IHS Mccloskey Coal Group - USA
  • Samtan Co., Ltd - South Korea
  • Glencore India Pvt. Ltd
  • GN Power Mariveles Coal Plant, Philippines
  • Gresik Semen - Indonesia
  • Indika Energy - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Barclays Capital - USA
  • KEPCO - South Korea
  • Surastha Cement
  • Metalloyd Limited - United Kingdom
  • SGS (Thailand) Limited
  • Kohat Cement Company Ltd. - Pakistan
  • Billiton Holdings Pty Ltd - Australia
  • GHCL Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • Samsung - South Korea
  • Semirara Mining and Power Corporation, Philippines
  • Bukit Asam (Persero) Tbk - Indonesia
  • ASAPP Information Group - India
  • IOL Indonesia
  • Borneo Indobara - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • ETA - Dubai
  • Vitol - Bahrain
  • MEC Coal - Indonesia
  • Energy Development Corp, Philippines
  • U S Energy Resources
  • Ceylon Electricity Board - Sri Lanka
  • Coeclerici Indonesia
  • Ambuja Cements Ltd - India
  • KPCL - India
  • Star Paper Mills Limited - India
  • Platou - Singapore
  • Antam Resourcindo - Indonesia
  • Sarangani Energy Corporation, Philippines
  • EIA - United States
  • Platts
  • SMG Consultants - Indonesia
  • Cebu Energy, Philippines
  • Riau Bara Harum - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Anglo American - United Kingdom
  • Videocon Industries ltd - India
  • Japan Coal Energy Center
  • SUEK AG - Indonesia
  • Tata Chemicals Ltd - India
  • KOWEPO - South Korea
  • UOB Asia (HK) Ltd
  • Directorate General of MIneral and Coal - Indonesia
  • PLN - Indonesia
  • Georgia Ports Authority, United States
  • IMC Shipping - Singapore
  • TeaM Sual Corporation - Philippines
  • Agrawal Coal Company - India
  • Bhatia International Limited - India
  • APGENCO India
  • Asmin Koalindo Tuhup - Indonesia
  • J M Baxi & Co - India
  • Intertek Mineral Services - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Electricity Authority, New Zealand
  • Thriveni
  • Petrochimia International Co. Ltd.- Taiwan
  • Idemitsu - Japan
  • Kalimantan Lumbung Energi - Indonesia
  • Ince & co LLP
  • Larsen & Toubro Limited - India
  • globalCOAL - UK
  • PetroVietnam
  • Independent Power Producers Association of India
  • Cargill India Pvt Ltd
  • Straits Asia Resources Limited - Singapore
  • Standard Chartered Bank - UAE
  • Maharashtra Electricity Regulatory Commission - India
  • Cemex - Philippines
  • HSBC - Hong Kong
  • Rio Tinto Coal - Australia
  • Coal India Limited
  • DBS Bank - Singapore
  • Mechel - Russia
  • Energy Link Ltd, New Zealand
  • BNP Paribas - Singapore
  • Kumho Petrochemical, South Korea
  • Pinang Coal Indonesia
  • World Coal - UK
  • Oldendorff Carriers - Singapore
  • Indian School of Mines
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Sucofindo - Indonesia
  • Baramulti Group, Indonesia
  • Fearnleys - India
  • Runge Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Infraline Energy - India
  • Cosco
  • Parry Sugars Refinery, India
  • Russian Coal LLC
  • Indonesian Coal Mining Association
  • Indian Energy Exchange, India
  • Rudhra Energy - India
  • GAC Shipping (India) Pvt Ltd
  • Ministry of Mines - Canada
  • Bhoruka Overseas - Indonesia
  • SASOL - South Africa
  • San Jose City I Power Corp, Philippines
  • Inco-Indonesia
  • Savvy Resources Ltd - HongKong
  • GVK Power & Infra Limited - India
  • SN Aboitiz Power Inc, Philippines
  • Eastern Coal Council - USA
  • Ministry of Transport, Egypt
  • London Commodity Brokers - England
  • Jaiprakash Power Ventures ltd
  • TANGEDCO India
  • The Treasury - Australian Government
  • VISA Power Limited - India
  • Cardiff University - UK
  • Orica Mining Services - Indonesia
  • Tanito Harum - Indonesia
  • Bulk Trading Sa - Switzerland
  • Mjunction Services Limited - India
  • Minerals Council of Australia
  • McKinsey & Co - India
  • AsiaOL BioFuels Corp., Philippines
  • Enel Italy
  • Coaltrans Conferences
  • Maheswari Brothers Coal Limited - India
  • Asian Development Bank
  • JPMorgan - India
  • White Energy Company Limited
  • ANZ Bank - Australia
  • TRAFIGURA, South Korea
  • Argus Media - Singapore
  • Malco - India
  • PLN Batubara - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Jatenergy - Australia
  • Inspectorate - India
  • PetroVietnam Power Coal Import and Supply Company
  • CNBM International Corporation - China
  • Geoservices-GeoAssay Lab
  • GNFC Limited - India
  • World Bank
  • Coastal Gujarat Power Limited - India
  • Tamil Nadu electricity Board
  • MS Steel International - UAE
  • International Coal Ventures Pvt Ltd - India
  • KPMG - USA
  • Sakthi Sugars Limited - India
  • bp singapore
  • Chamber of Mines of South Africa
  • Core Mineral Indonesia
  • Australian Coal Association
  • RBS Sempra - UK
  • Total Coal South Africa
  • Bangkok Bank PCL
  • Reliance Power - India
  • IBC Asia (S) Pte Ltd
  • Mercator Lines Limited - India
  • Thermax Limited - India
  • Indorama - Singapore
  • Eastern Energy - Thailand
  • Madhucon Powers Ltd - India
  • New Zealand Coal & Carbon
  • Romanian Commodities Exchange
  • Semirara Mining Corp, Philippines
  • Qatrana Cement - Jordan
  • CCIC - Indonesia
  • CESC Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Directorate Of Revenue Intelligence - India
  • Moodys - Singapore
  • Kobexindo Tractors - Indoneisa
  • GB Group - China
  • Lanco Infratech Ltd - India
  • Therma Luzon, Inc, Philippines
  • Permata Bank - Indonesia
  • Thomson Reuters GRC
  • Adaro Indonesia
  • Goldman Sachs - Singapore
  • Noble Europe Ltd - UK
  • Gupta Coal India Ltd
  • Mitsubishi Corporation
  • Siam City Cement PLC, Thailand
  • Pipit Mutiara Jaya. PT, Indonesia
  • Vale Mozambique
  • Manunggal Multi Energi - Indonesia
  • Arch Coal - USA
  • PowerSource Philippines DevCo
  • Gujarat Sidhee Cement - India
  • Bhushan Steel Limited - India
  • Kaltim Prima Coal - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Indogreen Group - Indonesia
  • Trasteel International SA, Italy