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Monday, 05 September 16
INDIA BECAME ADARO'S SECOND LARGEST MARKET IN 1H' 16
 COALspot.com: The Wara Balangan blend product has been well received by customers in China and India - AI
In the second quarter of 2016, Adaro has produced 13.23 Mt of coal from its coal mines including PT Adaro Indonesia (AI), PT Semesta Centramas (SCM) and PT Laskar Semesta Alam (LSA), a 4% increase compared to 12.72 Mt in the same period last year.
According to Adaro Energy's quarterly activities report, the total coal production of AI, for the first six months of 2016 reached 25.86 Mt, relatively flat year-on-year.
Adaro has sold 13.66 Mt of coal in the second quarter, 4% higher compared to the same period in 2015. Total sales volume for 1H16 was 27.13 Mt, 2% higher compared to 1H' 15.
PT Adaro Energy In 2Q16, produced 12.96 Mt and sold 13.18 Mt of coal. The quarterly activities report of AI says, the total coal production in 1H' 16 was 25.20 Mt, 1% lower compared to 1H' 15.
“ We continued to be a leading supplier to the domestic market and are committed to meeting Indonesia’s growing coal demand . Our domestic sales portion for the first six months of 2016 was 24%, “ Adaro says in its report.
Adaro sold 24% of its coal to Indonesia in 1H'16 and a 16% to India and a 14% for China.
A 8% of Adaro coal goes to Hong Kong, Japan and Malaysia, while Adaro sold 7% and 3% of its coal to Korea, the Philippines and Taiwan respectively during 1H’16. A 5% of coal goes to Spain during first six months of this year.
During 1H’ 16, Adaro entered into an agreement to purchase the 75% interest in Indomet Coal Project (IMC) for US$120 million. IMC comprises of seven CCOWs located in Central and East Kalimantan. Adaro says, the completion of the sale is conditional upon the fulfillment of regulatory approvals. According to Adaro’s quarterly activities report, the CCOWs are reported to have metallurgical coal resources of 1.27 billion tonnes.
From the point of view of the Adaro Energy, during the 2Q’16, there was an improvement in the dynamics of the coal market driven by government-backed production cuts in China which led to supply tightness in the country. This in turn has opened up the arbitrage for imported coal into China, thus propping up the global coal price, evident by a 2% increase on average of the Global Coal Newcastle price in 2Q16 to US$51.54 from US$50.32 in 1Q16.
Continuation of China ’s production cuts caused more imports into the country and further supported the global coal price. Global Coal Newcastle reached US$62 in July, the highest in the past 17 months. In India, a strong performance by hydro power stations led to a dip in coal-fired generation in June. Demand for AI’s coal was strong and India became Adaro’s second largest market in the 1H16 . However, Adaro expects a slower coal import into India until the end of the year and hence lower sales from Adaro.
Adaro further noted that, the production discipline is also prevalent in Indonesia, the world ’s largest thermal coal exporter. Based on information from the Ministry of Energy and Mineral Resources, Indonesia has committed at the beginning of this year to reduce coal production by approximately 11% to 419 million tonnes (Mt). Data from the Ministry of Energy and Mineral Resources shows that coal production from CCOW miners, which account for up to 80% of Indonesia’s production , declined by 30% year on year in the first six months of 2016. Indonesia exports for the period declined 32% while domestic consumption increased 8%.
Other coal exporting countries maintained flat or slightly higher exports volume. Australian producers cost-cutting measures continue to support exports from that country.
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Tuesday, 06 September 16
INDO GOVT. SETS SEPTEMBER COAL REFERENCE PRICE AT US$ 63.93 PER TON; JUMP 20.17% YTD
COALspot.com: The Indonesia coal benchmark price hits to its highest level since April 2015. The government declared benchmark prices f ...
Tuesday, 06 September 16
CAPESIZE: THE PACIFIC BASIN WAS THE MAIN REGION KEEPING UP WITH THE POSITIVE SUPPORT - ALLIED
Capesize
Despite some mixed feelings being seen early on in the week, we managed to see a positive week-on-week close on Friday with some positiv ...
Monday, 05 September 16
POOR FREIGHT RATES DESPITE STRONG DEMAND GROWTH FROM CHINA - BIMCO
Demand
The dry bulk commodity imports into and exports out of China we have seen in the first half of 2016 are very positive – and nothing ...
Monday, 05 September 16
FREIGHT RATE FROM INDONESIA TO INDIA IS EXPECTED TO BE FLAT TO SOFT THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
Friday, 02 September 16
EIA FORECASTS U.S. COAL EXPORTS TO DECLINE BY 19 MMST IN 2016 TO 55 MMST
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.3 million sho ...
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- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- GMR Energy Limited - India
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
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