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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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Monday, 14 July 14
SGX CFR SOUTH CHINA COAL SWAP FOR Q3' 14 LOST 17.29% SINCE EARLY JANUARY 2014
COALspot.com: Coal price falling is continues as the impact oversupply and lower demand. API 8 CFR South China Coal swap for delivery in Q3 drops U ...
Sunday, 13 July 14
PANAMAX INDEX GAINS SLIGHTLY THIS WEEK; CAPE INDEX FALLS ALMOST 21.40%
COALspot.com: This week the freight market fell again after gaining last week. The cape index was down almost 21.40 pct and closed at 1465 points.
...
Friday, 11 July 14
EUROPE HAS A SUBSTANTIAL SURPLUS IN COAL SUPPLIES; RENEWABLE ENERGIES ARE REDUCING THE FULL-LOAD OPERATING HOURS OF HARD COAL-FIRED POWER PLANTS - VDKI
COALspot.com: General conditions for coal-fired power plants must be improved if the energy turnaround is to be a success, said German coal importe ...
Friday, 11 July 14
DR.CIESLIK RE-ELECTED AS CEO OF GERMAN COAL IMPORTER ASSOCIATION (VDKI)
Press Release : Dr Cieslik re-elected as CEO of German Coal Importer Association (VDKi) for the period 2014 – 2018. The German Coal Importer ...
Friday, 11 July 14
PORT OF NEWCASTLE SHIPPED $ 1.031 BILLION WORTH OF 11.744 MILLION TONS OF COAL IN JUNE 2014
COALspot.com: Port of Newcastle has shipped 11,744,396 tons of coal for the month ended 30 June 2014. According to Port’s monthly report, YTD ...
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Showing 3606 to 3610 news of total 6871 |
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- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Parliament of New Zealand
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- The University of Queensland
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
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