We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 28 August 14
BANPU REPORTS HIGHER FIRST-HALF YEAR RESULTS FOR 2014
COALspot.com: Banpu Public Company Limited (BANPU) reports higher first half-year financial results for 2014 having its gross profit increasing 3 p ...
Wednesday, 27 August 14
FREIGHT MARKET: IS THE MARKET IN A RECOVERY MOOD? - GEORGE ILIOPOULOS
Is the market in a recovery mood?
August is typically a time when the shipping industry takes it easy… charter-ers book their requireme ...
Tuesday, 26 August 14
4TH ANNUAL ASIA NICKEL
4th Annual Asia Nickel
19-20 Nov 2014
Grand Hyatt Jakarta, Indonesia
Web Site
Asia’s Premier Nickel Conference
Regulation in ...
Tuesday, 26 August 14
DESPITE LOW DRY BULK RATES, BULKER PRICES ARE STILL HIGH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Traditionally, August tends to be a month of slow activity in the sale and purchasing market and this year has been no exception. However, as shipb ...
Tuesday, 26 August 14
GOVT ON TRACK TO LIMIT COAL OUTPUT - THE JAKARTA POST
The government has announced that it will proceed with plans to cap the production of coal next year, a move aimed not only at protecting the envir ...
|
|
|
Showing 3521 to 3525 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Aditya Birla Group - India
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
|
| |
| |
|
