We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 18 September 14
INDONESIA'S JULY COAL EXPORT VOLUME DROPPED 5.13% M-O-M
 COALspot.com: Indonesia, one of the world's largest coal producer and the global leading multi grade coal exporter shipped around $1.65* billion worth of coal in July 2014. According to our sources, the average export price of coal in July 2014 was around US$ 53.09* per mt. The average selling prices was slipped slightly or by US$ 1.26 per MT from June 2014.
Country's July 2014 export volume down 5.13%* compared Indonesia's June 2014 export volume.
Indonesia shipped around 31.22* million tons of coal in July 2014, around 5.13%* per cent lower compared to country's June 2014 exports of 32.91* million tons.
According to information that we obtained from various sources, China, the world’s largest coal producer and the net importer of coal has imported around 6.34* million tons of coal in July 2014 or around 15.46%* lower than its June coal imports from Indonesia.
India's coal imports from Indonesian in July increased 5.65%* to 10.84* million tons compared to its June 2014 imports. Indonesia shipped around 10.26* million tons of coal in June 2014 to India.
According to Indonesian coal exports statistics, the China has dominated Indonesian coal imports in first quarter of 2013 and 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 until February 2014, but now India is the leading importer of Indonesian coal.
India & China
India and China are the major Indonesian coal importers for last few years and Indonesian coal outputs, 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 mid to low twenties. In the meantime, Indonesian high value coal, such as 6000 GAR and above coal prices stood at high eighties. Japan & South Korea are the major buyers of Indonesian high calorific value coal. Due to freight advantages, the Indonesian higher value coal prices were high compare to other origins of high grade coal prices.
According to information that we obtained from the market participants show that, the Indonesian high calorific value coal's FOB prices were reached above US$ 86 to 89 per Mt in July 2014. In the meantime, the most of the very high moisture coal was sold around mid to low twenties and most of low calorific value coal been exported to India.
Indonesian coal prices were showing a weak trend this week and according to COALspot.com’s weekly coal assessment the prices for 5800 GAR coal being offered around US$ 64.00 per MT against bids of around US$ 62.50 levels. The 5000 GAR coal being offered around US$ 52.50 level against bids of US$ 50.00 levels. However some reports also indicate that the prices lower than this levels.
Around 55.05%* (53.98%* in June) of total Indonesian coal exports in July shipped to India and China.
Indonesia shipped 5.65%* more coal to India in July 2014 compared to country's June exports of 10.26* million tons. Indonesia exports mostly low calorific value coal to India. Indian buyers used to buy below 5000 GAR coal particularly 4200 coal from Indonesia, which is according to them more economically benefited and attractive compare to high GCV coal such as above 6000 GAR coal.
International markets have traditionally been the principle destination for Indonesian thermal coal, with around 80.77%* (79.09%* in June 2014) of the county's total thermal coal exports in July 2014 shipped to India, China, South Korea, Japan & Taiwan.
Indonesia shipped 6.34* & 7.50* million tons of coal to China in July & June 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 September 2014 delivery is 0.85% lower than August 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 September 2014 lost US$ 0.60 per mt month on month and US$ 7.20 pmt year on year (September 2013).
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for September 2014 delivery at US$ 69.69 per ton (basis 6322 GAR coal), which is 0.85% lower than August 2014 price and 9.36% 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 trade ministry has also issued a new regulation on shipments requiring miners to register themselves as exporters and obtain ET-Batubara at the trade ministry. The government also planning to allow coal shipments through selected or approved ports. Media reports say that, the government has already identified the ports that to be used to export coal.
ET-Batubara requirement will be implemented from 1 October 2014 for all type of coal exporters. The Government hopes 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.
Domestic coal requirement is also expected to reach around 95.5 million tons in 2014 compared to around 65 million tons in 2013. 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.
Chinese restrictions on use of low quality coal
As part of Chinese environmental policy, the Chinese government announced a plans to restrict the use of low quality coal domestically.
According to Wood Mackenzie there is still considerable uncertainty about how the quality restrictions will be applied. “ At face value they would apply to a large portion of total Chinese import demand however if not applied to power utility consumption then the impact will be far less significant,” said Wood Mackenzie recently.
Wood Mackenzie further noted that, the quality restrictions apply to both imported and domestic coal and therefore will increase demand for imported coal because imported coal is generally lower ash and sulphur than domestic coal.
Wood Mackenzie is in opinion that, Indonesian exports are generally low sulphur and ash and consequently will stand to benefit from the ban.
Not all imported coal would satisfy the 16% ash and 1% sulphur limits including approximately 80% of Australian high ash exports to China. Australian exporters would be able change the processing of the coal to meet the 16% ash limit however the associated increase in cost would threaten the economics of these exports, Wood Mackenzie concluded.
**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.
|
|
Saturday, 30 August 14
RECOVERY IN SIGHT FOR THE DRY BULK SHIPPING MARKET - DREWRY SHIPPING CONSULTANTS
Despite weak freight rates so far this year, Dry Bulk shipping earnings are forecast to recover as demand for both major and minor bulk commodities ...
Friday, 29 August 14
U.S. WEEKLY COAL PRODUCTION DROPS 1.3 PERCENT, EIA SAYS
COALspot.com – United States the world's second largest coal producer, produced approximately 19.40 million short tons (mmst) of coal in ...
Friday, 29 August 14
ADARO'S PROFITS SINK FURTHER AMID FALL IN COAL PRICES - JP
Adaro Energy, one of the country’s largest coal miners, has reported a 31 percent drop in net profit in the first half of this year as global ...
Friday, 29 August 14
CHINESE LIGNITE IMPORTS: QUANTITY OVER QUALITY? - CLARKSONS
In the first half of 2014, Chinese seaborne coal imports declined 0.4% y-o-y to 148mt, largely reflecting a 3.3% fall in imports of steam coal. Mea ...
Thursday, 28 August 14
PANAMAX: OWNERS CAN GET AROUND USD 16000 FOR A FRONTHAUL; PERIOD MARKET - VERY QUIET - FEARNLEYS
Handy
The activity and sentiment is improving in the Atlantic with the general TA rate is up about US$ 800 w-o-w. We see more South American carg ...
|
|
|
Showing 3516 to 3520 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- VISA Power Limited - India
- The University of Queensland
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- MS Steel International - UAE
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
|
| |
| |
|
