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