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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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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 ...
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- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Australian Coal Association
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- PTC India Limited - India
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- VISA Power Limited - India
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