We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 11 June 14
INDONESIA'S COAL EXPORT VOLUME AND REVENUE SLIPS 2.75% AND 6.73% RESPECTIVELY IN APRIL
 COALspot.com: Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.8* billion worth of coal in April 2014. According to our sources, the average export price of coal in April 2014 was around US$ 52.14* per mt or around 4.20 percent lesser than March 2014 average selling price of US$ 54.43 per MT*.
In the meantime, March 2014 average selling price of coal was around 0.38% lower than February 2014 average selling price.
Country's April 2014 export volume and revenue fell 2.75% and 6.73% respectively compared Indonesia's March 2014 coal export volume and revenue.
Indonesia shipped around 34.56* million tons of coal in April 2014, around 2.75% per cent lesser compared to country's March 2014 exports of 35.54* 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 8.83* million tons of coal in March 2014 or around 5.36%* higher than its March coal imports from Indonesia.
In the meantime, India's coal imports from Indonesian in April increased by 1.12 percent to 11.72* million tons compared to its March 2014. Indonesia shipped around 11.59* million tons of coal in March 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 & April.
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$ 84 to 88 per Mt in April 2014. The price of high calorific value coal prices lost slightly compared to March selling prices. In the meantime most of the very high moisture coal was sold around low to mid twenties levels.
Around 65.24%* (56.20%* in March) of total Indonesian coal exports in April shipped to India and China.
Indonesia shipped 1.12 per cent more coal to India in April 2014 compared to country's March exports of 11.59* 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 83.42%* (80.36%* in March 2014) of the county's total thermal coal exports in April 2014 shipped to China, India, South Korea, Japan & Taiwan.
Indonesia shipped 8.38* & 8.83* million tons of coal to China in March & April 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 May 2014 delivery was lower than April 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 May 2014 was slipped 1.62% per cent month on month and 13.75% year on year (May 2013). The declared HBA for May 2014 was the lowest declared bench mark price since November 2009.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for May 2014 delivery at US$ 73.60 per ton (basis 6322 GAR coal), which was US$ 1.21 lesser than April 2014 price and US$ 11.73 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 for IUP holders as well as to introduce an export duty for coal.
The government also to impose new rules on shipments requiring miners to register themselves as exporters at the trade ministry and coal shipments will only be allowed through selected or approved ports. Government hops that; this restriction will help authorities to implement better monitoring system to eliminate illegal mining. According to media reports around 50 million tons coal being exported without clear approvals or licenses from relevant departments and which is causing losses to country in terms of taxes as well as royalties. Currently Indonesia is having hundred of barge loading ports and anchorage loading point to support coal loading in South, East and North Kalimantan as well as Sumatera Island.
According to local media reports, government has already identified the coal ports in Sumatera and Kalimantan. Domestic coal requirement is also expected to reach around 95.5 million tons in 2014 compared to around 65 million tons in 65 million. Indonesian Coal Industry executives are in the opinion that, increase of domestic requirements for coal this year and implementation of tough regulations and rules on coal exports will help to push the coal prices upwards.
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.
|
|
Monday, 11 August 14
INDONESIAN THERMAL COAL SWAPS SEEING SOME POSITIVE TREND
COALspot.com: Indonesian coal swaps for average September 2014 increased US$ 0.20 (+0.36%) day on day and US$ 1.30 (+2.41%) per mt week on week. Th ...
Monday, 11 August 14
SGX CFR SOUTH CHINA COAL SWAPS DIRECTION HEADING TO NORTH
COALspot.com: API 8 CFR South China Coal swap for delivery in September 2014 increased US$ 0.50 (+0.74%) day on day and US$ 1.55 (+2.33%)&nbs ...
Monday, 11 August 14
A TALE OF TWO TRADES - EVA TZIMA
COALspot.com: It has without a doubt been “a cruel, cruel summer” for the Dry Bulk market so far and with second hand values still stan ...
Sunday, 10 August 14
FREIGHT RATES FROM INDONESIA TO INDIA IS EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com: This week the BDI and other segments saw some improvements. The BDI increased by 3.46 pct week on week and closed at 777 points.
...
Friday, 08 August 14
MINING DISPUTE IS CRIPPLING LOCAL ECONOMIES IN EASTERN INDONESIA - JG
- By Iwan Harsono -
It seems as if there’s no end in sight to the series of negotiations between the government and mining companies about ...
|
|
|
Showing 3551 to 3555 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- White Energy Company Limited
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
|
| |
| |
|
