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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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Wednesday, 13 August 14
WEEKLY MARKET INSIGHT - KONSTANTINOS KONTOMICHIS SNP BROKER
Being at the peak of the holiday season, August is, as usual, the quietest month in terms of snp transactions, yet it is also a time very critical ...
Wednesday, 13 August 14
WHAT DOES PROJECT CARGO REALLY MEAN TO INSURERS?
KNOWLEDGE TO ELEVATE
Richard Kamppari-Baker, claims manager of FP Marine Risks, explains the challenges of project cargo risk assessment from ...
Wednesday, 13 August 14
INDONESIAN COAL PRICE REFERENCE FALL AGAIN CLOSE TO 57 MONTHS LOWS
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price in August. HBA for the month of A ...
Monday, 11 August 14
LARGEST CHINESE TRADE SURPLUS EVER RECORDED IN JULY - BIMCO
China recorded a trade surplus of USD 47.3 billion in July 2014. The record high surplus came on the back of very strong export growth while import ...
Monday, 11 August 14
INDONESIAN THERMAL COAL SWAPS SEEING SOME POSITIVE TREND
COALspot.com: Indonesian coal swaps for average September 2014 increased US$ 0.20 (+0.36%) day on day and US$ 1.30 (+2.41%) per mt week on week. Th ...
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- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Australian Coal Association
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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