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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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- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- The University of Queensland
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Economic Council, Georgia
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
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