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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)
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Sunday, 24 August 14
SEA FREIGHT MARKETS STARTING TO LOOK POSITIVE; CAPES DRIVE FREIGHTS HIGHER
COALspot.com: The freight market has strengthen further this week with BDI up 7.19 pct week on week. The BDI was closed at 1,088 points while the B ...
Friday, 22 August 14
INDIAN IRON ORE ROYALTY RISE NOT LIKELY TO HURT STEELMAKERS' MARGINS - FITCH
Fitch Ratings does not expect an increase in India's iron ore royalty rates to have a major impact on the profitability of steel producers in t ...
Friday, 22 August 14
ARBITRATION CLAUSE IN LOU HELD TO REPLACE CHARTERPARTY ARBITRATION CLAUSE
KNOWLEDGE TO ELEVATE
The Claimants had claims for cargo damage against the vessel Owners arising under four bills of lading. The vessel was th ...
Friday, 22 August 14
ICAP ENERGY LAUNCHES GLOBAL COKING COAL DERIVATIVES TRADING
First contract completed and cleared on CME
COALspot.com: ICAP Energy, the energy business of ICAP plc, announces today that it has successful ...
Friday, 22 August 14
U.S WEEKLY COAL PRODUCTION UP 2.4% WEEK OVER WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.60 million short tons (mmst) of coal in ...
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- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Planning Commission, India
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
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