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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, 30 June 14
WEEKLY CFR SOUTH CHINA COAL SWAPS DECLINE CONTINUES; Q1'15 LOST US$ 4.55 PMT IN A WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in Q3 fell US$ 5.25 month on month on Friday, dipping under $69 a tone. The CFR South Ch ...
Monday, 30 June 14
INDO - INDIA FREIGHT RATES CONTINUE TO WEAK
COALspot.com: The latest dry Index shows that average all-in spot freight declined, the Panamax and Supramax slipping by 9.11 percent and 4% respec ...
Friday, 27 June 14
DRY BULK MARKET STILL LOOKING FOR UPSIDE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept up its lacklustre performance during the past week, as evidenced by the course of the Baltic Dry Index (BDI). The BDI ...
Thursday, 26 June 14
PANAMAX : A PACIFIC ROUND PAYS AROUND US$ 3K DAILY - FEARNLEYS AS
Handy
In the Atlantic there has been little activity which again has caused rates to slip across all trades. TA´s are now down to US$ 5,500 ...
Thursday, 26 June 14
KOMIPO INVITES BIDS FOR TOTAL 750K MT OF BITUMINOUS COAL FOR 3CY
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) has issued a new tender for supply of total 250,000 MT of bituminous co ...
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- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
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