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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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Friday, 08 August 14
U.S PRODUCED 35.80 MMST OF COAL IN JULY; UP 7.89 MONTH OVER MONTH
COALspot.com – United States the world's second largest coal producer, produced approximately 19.50 million short tons (mmst) of coal in ...
Friday, 08 August 14
PORT OF NEWCASTLE SHIPPED 19.52% MORE COAL IN JULY FROM LAST MONTH
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped 14,036,947 t ...
Thursday, 07 August 14
SHORT-TERM COAL OUTLOOK IMPROVES - SAM QUEST
With demand for and supply of coal to grow in the near future, prices are expected to rebound in the short term; the long-term prospects, however, ...
Thursday, 07 August 14
BULKING UP IN AFRICA: CHINA INFLATES SEABORNE MINERALS EXPORT TRADE - RICHARD SCOTT
Africa’s profile as an exporter of dry bulk commodities is rising. Responding to growing import demand from China, India and other buyers in ...
Wednesday, 06 August 14
CAPES: BUSINESS INTEREST REMAINS SOFT; CURRENTLY NO SIGNS OF IMPROVEMENT - INTERMODAL
COALspot.com: Despite the considerable pressure witnessed in the freight market for most of the size segments, the Dry Bulk Index was able to note ...
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Showing 3556 to 3560 news of total 6871 |
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- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Planning Commission, India
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Central Electricity Authority - India
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
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