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Tuesday, 22 April 14
INDONESIAN MARCH COAL EXPORT VOLUME SURGE 9.12% TO 35.54 MMT
 COALspot.com: Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.93* billion worth of coal in March 2014. According to our sources, the average export price of coal in March 2014 was around US$ 54.43* per mt or around 0.38 percent lesser than February 2014 average selling price of US$ 54.64 per MT*.
In the meantime, February 2014 average selling price of coal was around 0.29% higher than January 2014 average selling price.
Country's March 2014 export volume surge 9.12% and the revenue was also surge by 9.03% compared Indonesia's February 2014 coal export revenue.
Indonesia shipped around 35.54* million tons of coal in March 2014, around 9.12% per cent higher compared to country's February 2014 exports of 32.57* 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 8.38* million tons of coal in March 2014 or around 20.56*% lower than its February coal imports from Indonesia.
In the meantime, India's coal imports from Indonesian in March increased by 19.23 percent to 11.59* million tons compared to its February 2014. Indonesia shipped around 9.72* million tons of coal in February 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 continued in January and February 2014, but lost to India in March.
India and China is the Major Indonesian coal importers for 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. According to market information the Indonesian ultra low calorific value coal is being sold to India around low to mid twenties. In the meantime, Indonesian high value coal, such as 6000 GAR and above coal prices stood at high eighties or low nineties. Japan & South Korea is the major buyers of Indonesian high calorific value coal. 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 March 2014.
Around 56.20 *% (64.24*% in February) of total Indonesian coal exports in March shipped to India and China.
Indonesia shipped 19.23 per cent more coal to India in March 2014 compared to country's February exports of 9.72* 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. Indonesian ultra-low calorific value coal contains high total moisture.
International markets have traditionally been the principle destination for Indonesian thermal coal, with around 80.36*% (83.93*% in February 2014) of the county's total thermal coal exports in March 2014 shipped to China, India, South Korea, Japan & Taiwan.
Indonesia shipped 10.55* & 8.38* million tons of coal to China in February & March 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)
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Monday, 05 May 14
HUANENG CLEAN ENERGY RESEARCH INSTITUTE HAS CONFIRMED TO SPEAK AT CCF2014
Press Release: Produced by CDMC Events, The 13th Clean Coal Forum 2014 will be held on June 12,13, 2014 in Beijing, China. We are glad to invite ...
Monday, 05 May 14
SUB BIT-FOB INDONESIA COAL SWAPS LOST GROUND LAST WEEK
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports ...
Monday, 05 May 14
API 8 CFR SOUTH CHINA COAL SWAP FOR AVERAGE Q3 14 DELIVERIES: LOST 0.82% M-O-M
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 0.82 percent month on month and closed at US$ 75.20 per mt as o ...
Sunday, 04 May 14
INDONESIA TO INDIA FREIGHT RATES ARE SHOWING POSITIVE TREND
COALspot.com: The freight market is seems to be some recovery as cape index has increased by 7.84 pct week on week. Cape index closed at 1829 po ...
Friday, 02 May 14
ADARO ENERGY STARTS YEAR 2014 WELL DESPITE CURRENT MARKET CONDITIONS
COALspot.com: Adaro Energy, the second largest Indonesian coal miner's revenue increased 14% to US$ 845 million due to higher sales volume, ...
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- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
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- Carbofer General Trading SA - India
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- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
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- Romanian Commodities Exchange
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- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
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- VISA Power Limited - India
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Singapore Mercantile Exchange
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- Wilmar Investment Holdings
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
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- Parry Sugars Refinery, India
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- Tamil Nadu electricity Board
- The University of Queensland
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- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
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- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
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- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
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- Meralco Power Generation, Philippines
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- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
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- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
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