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Friday, 18 March 11
FALL IN INDONESIAN COAL EXPORTS IN FEBRUARY 11
 COALspot.com - Indonesian coal exports seen a fall of 10.76% during Feb 2011. The world’s largest coal exporter shipped 22.029 MMts of coal against its exports of 24.687 million tons in January 2011, according to the industry sources.
The Indonesian coal exports to the largest importers viz., India and China have shrunk to the extent of 9.27% and 11.71% respectively in the month of Feb'2011. India has imported a total tonnage of around 4.631 MMts (5.105MMts in Jan) as against Chinese imports of 4.234 MMts (4.796 MMts in Jan).
India remained the largest importer of Indonesian coal in February 2011.
The combined affect of slow down in the imports of Indonesian coal had a combined affect of 4.19% of total Indonesian coal exports in February. However, India pushed China to second place in this year.
Last two years Chinese's utilities have imported more Indonesian coal than Indian Utilities. However, in 2011 India has inched above the Chinese utilities usage of Indonesian coal. In to 40.24 percent of total Indonesian coal exports in February goes to India and China.
Top five Indonesian coal importers in February were India, China, Japan South Korea and Taiwan.
According to market players, since 2009 Indonesian coal witnessed higher exports due to the increased demand from India and China. Chinese and Indian end-user are always keep an eye on Indonesia for their coal needs, due to the fact that Indonesia is closer to their ports. this results in lesser voyage time resulting in lesser sea freights.
Increase in Indonesian exports of Low rank coal picked up in recent months. This is one of the main reason for India emerging as the topper for Indonesian exports. due to domestic coal shortage Indian consumers have devised a primitive method of blending of Low rank high moisture coal with the available linkage domestic coal. Indian domestic coal characterized by high ash (30% to 40%) and low moisture (9%) which can advantageously blend with Indonesian Low rank coal of high Moisture (<50%) and low ash (<8%).
Also the increase of Bio Mass and Co-generation capacities Low rank coals have become the order of the day. Also the higher discount prevailing for Low rank coals have encouraged their usage.
Due to the spate of demand for Low ranking coal (<3200 GAR coals with Moisture of up to 50%) Sumatra based LRC suppliers were also targeting Indian market for their exports. In view of this encouraging business Industry is worried and closely watching the proposed Indonesian Govt. policy of banning exports of Low ranking coals.
One of the Indian traders commented that due to good rain resulting in continuous Hydro power, drop in cement and steel demand in India resulted in accumulation of stocks in Indian ports and with the plants. This is the main reason for lower imports in Indonesian coal. However, he also added that, the next 4 months being summer months in India the demand for power, steel and cement increases thereby the movement in coal may be witnessed resulting in higher consumption.
Indonesia already successfully implemented monthly coal reference price for its coal. Coal producers were asked to comply with the government declared index prior to conclude any short term and long terms coal sales agreement with its buyers.
Indonesia’s Ministry of Energy and Mineral Resources has set the March 2011 Indonesian Coal Reference Price for thermal coal at US$ 122.43 per ton, which is 3.63 percent lesser than February 2011 price of US$ 127.05.
Instead of dropped in HBA, Indonesian coal prices were still stand at steady to firm position. small scale mines from Kalimantan were offering 6300 GAD coal between US$ 82 - 87 per MT and premium coal supplier's prices were already in three digits, an international trader said.
According to market stakeholders, the prices may stand stable due to Japan's earth quake, tsunami and nuclear power plants blast, but the prices and demand will move more stronger in coming months.
However, there is sort of confusion prevailing over the price movements as Japanese industries might declare FORCE Majure. The ongoing disturbance in major oil producing countries like Egypt, Libya and Bahrain needs to be taken into account before arriving at the conclusion.
Any time the industry may be attacked by wide fluctuations both sides.
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 shall be obliged if errors / omissions are brought to its notice for carrying out corrections in this article.(cs)
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Tuesday, 22 March 11
KRISHNAPATNAM PORT SETS ALL INDIA RECORD FOR COAL DISCHARGING
COALspot.com - "Krishnapatnam Port has set an all India record for discharging 71,587 tons of steam coal in just 24 hrs using the conventional ...
Sunday, 20 March 11
FREIGHT MARKETS COULD SOFTEN NEXT WEEK DUE TO JAPANESE PORTS CLOSURE AND LIBYAN CRISIS - VISTAAR
COALspot.com - The BDI was down by 1.98 pct (closing at 1531 points) mainly due to Cape index which was down by almost 11 pct and closed 1687 points ...
Thursday, 17 March 11
THE PACIFIC HANDY MARKET IS CURRENTLY STEADY - FEARNBULK
Handy
The Atlantic market is showing signs of recovery and does not seem to be affected by the Japan disaster. The market is very positional and i ...
Tuesday, 15 March 11
COAL PRODUCTION FORECAST TO SURGE ON RISING PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal production is forecast to increase by 20 percent this year as coal prices continue to ...
Monday, 14 March 11
IRON ORE TRADING WORLD EUROPE 2011
Press Release - Strategy and opportunity for miners, steelmakers, end users and the financial community.
The iron ore spot market is growing at a ...
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- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- The University of Queensland
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Australian Coal Association
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Deloitte Consulting - India
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
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