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Monday, 03 November 14
INDONESIAN'S COAL EXPORTS JUMP IN SEPTEMBER
 COALspot.com: Indonesia, one of the world's largest coal producers and the global leading multi grade coal exporter shipped around $1.50 * billion worth of coal in September 2014. According to our sources, the average export price of coal in September 2014 was around US$ 51.52* per mt. The average selling price in September was decreased by US$ 2.11 per MT from August 2014.
Country's September 2014 export volume up 4.81%* compared Indonesia's August 2014 export volume.
Indonesia shipped around 29.36* million tons of coal in September 2014, around 4.81%* per cent higher compared to country's August 2014 exports of 28.01* 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 5.07* million tons of Indonesian coal in September 2014 or around 9.30%* lower than its August coal imports from Indonesia.
India's coal imports from Indonesian in September increased by 14.87%* to 10.35* million tons compared to its August 2014 imports. Indonesia shipped around 9.01* million tons of coal in August 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$ 82 to 88.50 per Mt in September 2014. In the meantime, the most of the high moisture coal was sold around mid to low twenties and most of low calorific value coal been exported to India.
Around 52.54%* (52.12%* in August) of total Indonesian coal exports in September shipped to India and China.
Indonesia shipped 14.87%* more coal to India in September 2014 compared to country's August exports of 9.01* 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 78.88%* (80.87%* in July 2014) of the county's total thermal coal exports in September 2014 shipped to India, China, South Korea, Japan & Taiwan.
Indonesia shipped 5.07* & 5.59* million tons of coal to China in September & August 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 October 2014 delivery was 3.49% lower than September 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 October 2014 lost US$ 2.43 per mt month on month and US$ 9.35 pmt year on year (October 2013).
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for October 2014 delivery at US$ 67.26 per ton (basis 6322 GAR coal), which was 3.49% lower than September 2014 price and 12.20% 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 was 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 was concluded.
Cancellation of 214 coal blocks by Indian Supreme Court
Recently, Indian Supreme Court scrapped 214 of 218 coal mining licenses 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.
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 licenses 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.
Indonesian DGoMC also revoked 40 C&C certificates on 14 October 2014.
**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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Tuesday, 11 November 14
PORT OF NEWCASTLE'S OCTOBER COAL SHIPMENTS SLIPPED 7.40% M-O-M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1,115.7 mil ...
Monday, 10 November 14
Q4' 15 FOB INDONESIA COAL SWAP CLOSED LOWER THAN Q1' 15 CLOSING PRICE OF US$ 49.58 ON LAST FRIDAY
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, week on week and day on day.
The Q1 swap has lost just US$ ...
Monday, 10 November 14
SGX'S API 4 FOB RICHARDS BAY COAL SWAP FOR Q1' 2015 DELIVERY CLOSED AT US$ 65.44 ON 7 NOV, LOST 4.08% M-O-M
COALspot.com: API 4 FOB Richards Bay Coal swap for Q1’ 2015 delivery has decreased US$ 2.78 (-4.08%) month over month and US$ 1.41 (-2.11%) w ...
Monday, 10 November 14
MOZAMBIQUE SIGNED CONTRACT WITH ETA STAR OF UAE FOR OPEN CAST COAL MINE IN TETE - AIM
- ETA Star to build slurry pipeline over the 600 kilometers to Beira in Mozambique to transport coal.
- The viability studies show the presence o ...
Monday, 10 November 14
YEAR 2015 CFR SOUTH CHINA COAL SWAP SHOWS A WEAK TREND THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 3.74 (-5.63%) month over month and US$ 2.19 (+3.37%) we ...
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- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- The University of Queensland
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
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