We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 16 April 14
INDONESIA'S FEBRUARY 2014 COAL EXPORT VOLUME FELL 2.41%
 COALspot.com: Indonesia, the world 4th largest coal producer and the global largest multi grade coal exporter shipped around $1.77* billion worth of coal in February 2014. According to our sources, the average export price of coal in February 2014 was around US$ 54.64 * per mt or around 0.29 percent higher than January 2014 average selling price of US$ 54.48 per MT*.
In the meantime, January 2014 average selling price of coal was around 0.99% lower than December 2013 average selling price.
Country's February 2014 export volume fell 2.41% and the revenue was also declined slightly compared Indonesia's January 2014 coal export revenue.
Indonesia shipped around 32.57* million tons of coal in February 2014, around 2.41% per cent lesser compared to country's January 2014 exports of 33.37* 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 10.55* million tons of coal in February 2014 or around 18.09*% lower than China's coal imports from Indonesia in January 2014.
In the meantime, India's coal imports from Indonesian in February increased to 9.72* million tons or 13.55% higher than its January 2014 Import. Indonesia shipped around 8.56* million tons of coal in January 2014 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 in 2013. However, China has again becomes largest Indonesian coal buyer for second half of 2013, which was continues in January and February 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 high grade coal prices.
According to information that we obtained from the market shows the Indonesian high calorific value coal's FOB prices were reached above US$ 87 - 90 per Mt in February 2014.
Around 64.24*% (64.25*% in January) of total Indonesian coal exports in February shipped to India and China.
Indonesia shipped 13.55 per cent more coal to India in February 2014 compared to country's January exports of 8.56* 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 benefited and attractive compare to high GCV coal 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 83.93*% (86.31*% in January 2014) of the county's total thermal coal exports in February 2014 shipped to China, India, South Korea, Japan & Taiwan.
Indonesia shipped 12.88* & 10.55* million tons of coal to China in January & February 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 April 2014 delivery was lower than March 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 April 2014 slipped 2.86% per cent month on month or 15.53% year on year (April 2013). April 2014 declared HBA was the lowest since December 2009.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for April 2014 delivery at US$ 74.81 per ton (basis 6322 GAR coal), which is US$ 2.20 lesser than March 2014 price or US$ 13.75 lower compared to the same period in 2013.
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. However our sources also said that, the government may not introduce new royalty or export duty soon and may wait for better market condition.
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 for year 2014. 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.
|
|
Sunday, 13 April 14
INDONESIA TO INDIA FREIGHT MARKET DECLINE CONTINUES
COALspot.com: The freight market continued to drop this week and BDI almost touched 1000 points. BDI closed at 1002 points fell 16.85 pct week o ...
Saturday, 12 April 14
HOW DO YOU CALCULATE LOSS OF EARNINGS FOLLOWING A COLLISION? - INCE & CO
KNOWLEDGE TO ELEVATE
The recent case of Astipalaia vs Hanjin Shenzhen [2014] EWHC 120 (Admlty) has revisited the existing case law on asses ...
Friday, 11 April 14
US COAL PRODUCTION IN MARCH INCREASED 9.69% TO 82.6 MMST MONTH ON MONTH
COALspot.com – United States the world's second largest coal producer, produced approximately 19.10 million short tons (mmst) of coal ...
Thursday, 10 April 14
DRY BULK MARKET IS RISING CLAIMS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the recent fall of the Baltic Dry Index (BDI), when one compares the first quarter of 2014, to similar quarters of the recent past, it i ...
Wednesday, 09 April 14
DRY BULK MARKET STRUGGLED THROUGHOUT THE WEEK - INTERMODAL
The Dry Bulk market struggled throughout the week but the poor performance across the board didn't allow for any positive reversal, pushing ...
|
|
|
Showing 3756 to 3760 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
|
| |
| |
|
