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Monday, 29 September 14
INDONESIAN COAL EXPORT VOLUME FALL IN AUGUST
 COALspot.com: Indonesia, one of the world's largest coal producers and the global leading multi grade coal exporter shipped around $1.50 * billion worth of coal in August 2014. According to our sources, the average export price of coal in August 2014 was around US$ 53.63* per mt. The average selling price of August was increased by US$ 0.54 per MT from July 2014.
Country's August 2014 export volume down 10.28%* compared Indonesia's July 2014 export volume.
Indonesia shipped around 28.01* million tons of coal in August 2014, around 10.28%* per cent lower compared to country's July 2014 exports of 31.22* 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 just around 5.59* million tons of Indonesian coal in August 2014 or around 11.82%* lower than its July coal imports from Indonesia.
India's coal imports from Indonesian in August also decreased by 16.99%* to 9.01* million tons compared to its July 2014 imports. Indonesia shipped around 10.84* million tons of coal in July 2014 to India.
According to Indonesian coal exports statistics, India is a leading importer of Indonesian coal for past few months.
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 while China buys medium to higher value coal from Indonesia.
Indian utilities particularly state owned power producers 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 are higher 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$ 80 to 89 per Mt in August 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 flat 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$ 62.00 levels. The 5000 GAR coal being offered around US$ 52.50 level against bids of US$ 51.00 levels.
Around 52.12%* (55.05%* in July) of total Indonesian coal exports in August shipped to India and China.
Indonesia shipped 16.99%* less coal to India in August 2014 compared to country's July exports of 10.84* million tons. Indonesia's 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 80.87%* (80.77%* in July 2014) of the county's total thermal coal exports in August 2014 shipped to India, China, South Korea, Japan & Taiwan.
Indonesia shipped 5.59* & 6.34* million tons of coal to China in August & July 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 only 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 plan 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.
Cancellation of 214 coal blocks
Recently, Indian Supreme Court scrapped 214 of 218 coal mining licences awarded from 1993-2010 after finding they had been awarded illegally. 46 coal blocks out of cancelled 214 coal blocks - where some work had begun ahead of actual mining - had been given six months to wind down their operations.
"The estimated loss of Rs. 295/- (approximately US$ 4.80) per metric ton of coal is, accepted by court. Court ordered to pay the compensatory payment on this basis within a period of three months and in any case on or before 31st December, 2014. The coal extracted hereafter till 31st March, 2015 will also attract the additional levy of Rs. 295/- (approximately US$ 4.80) per metric ton", the court ruled.
According to Reuters, India's annual coal imports could jump by as much as a third to more than 200 million tonnes for the next few years as a result of a court ruling this week that will halt mining of the resource by most private companies from next year.
The Chinese government's announcement to restrict the use of low quality coal domestically by next year, the cancelation of 214 coal mining licences by Indian Supreme Court and the trade ministry of Indonesia's new regulation on coal exports requiring miners to register themselves as exporters and obtain ET-Batubara is expected to push the prices upward as the demand for coal is expected to increase compared to supply volume due to those new regulations and orders.
**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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Thursday, 25 September 14
LACK OF COAL BUSINESS PUSHING DOWN PANAMAX EARNINGS IN PACIFIC
Handy
In the Atlantic we see rates steady climbing upwards. More coal cargoes out of USG and USEC are helping the TA market which is up some USD ...
Wednesday, 24 September 14
ADARO AGREED TO REDUCE ITS CONCESSION AREA TO 31,379.8 HECTARES
COALspot.com: PT Adaro Energy Tbk (Adaro Energy) today announced that, PT Adaro Indonesia (AI), its wholly owned subsidiary, entered into a M ...
Wednesday, 24 September 14
CAPESIZE: ACTIVITY IN BOTH BASINS WAS UNIMPRESSIVE
COALspot.com: The end of the week prior seems to have marked the tone for the days that followed, with the Dry Bulk market giving up a significant ...
Tuesday, 23 September 14
MEDCO TO INCREASE ITS COAL PRODUCTION NEXT YEAR
COALspot.com: PT Medco Energi Internasional is looking to increase its coal production next year, supported by the launch of operations at its Duta ...
Monday, 22 September 14
COAL SECTOR CHAOS - GENESIS TO REVELATION - DIPESH DIPU
COALspot.com: “Let there be light”, intends the government of India but the fuel side of the story paints a blackout. The recent Suprem ...
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- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Mercator Lines Limited - India
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Central Electricity Authority - India
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
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