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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)
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Sunday, 20 July 14
THE FREIGHT MARKET CONTINUED ITS DOWNWARD TREND
COALspot.com: The market continued its downward trend this week as all segments were down compared to last week. The Cape and Panamax indices being ...
Friday, 18 July 14
3RD CHINA INTERNATIONAL SHALE GAS SUMMIT
Building on the massive success of the past 2 shale gas programs that has generated huge success by attracting 500+ industry players, and intrig ...
Friday, 18 July 14
US WEEKLY COAL PRODUCTION UP BY 1.4% TO 18.3 MMST
COALspot.com – United States the world's second largest coal producer, produced approximately 18.3 million short tons (mmst) of coal in a ...
Thursday, 17 July 14
PANAMAX : MARKET HAS COOLED DOWN AGAIN TO LOW AND DEPRESSED LEVELS
Handy
The supra market remains pretty flat in the Atlantic while for the smaller sizes there has been little reported with ships chasing business ...
Thursday, 17 July 14
INDIAN GOVERNMENT WISE TO TAKE ADVANTAGE OF CURRENTLY LOW THERMAL COAL PRICES AND SHIPPING RATES - JEFFREY LANDSBERG
With thermal coal import prices (and also shipping rates) very low at present, India's government would be very wise to take advantage of curre ...
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- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- The University of Queensland
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Australian Coal Association
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- White Energy Company Limited
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
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