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Wednesday, 20 April 11
INDIA IMPORTS MORE COAL FROM INDONESIA
 COALspot.com - Indonesian coal exports jumped 23.31 percent during March 2011. The world’s largest coal exporter shipped 27,164,079 mt of coal in March up 23.32 percent from its February exports of 22.02 million tons, according to the industry sources. India and china have taken a share of 28.37 percent and 16.52 percent respectively.
India has imported a total tonnage of around 7.707 MMts up 66.42 percent (4.631 MMts in February) and Chinese imports reached 4.488 MMts up 5.99 percent (4.234 MMts in February).
India remained the largest importer of Indonesian coal since January 2011. China was the largest Indonesian coal importer during 2009 and 2010, but India pushed China to second place in this year.
44.89 percent of total Indonesian coal exports in March goes to fuel hungry countries India and China.
Top five Indonesian coal importers in March 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., which makes their landed cost competitive compare to other origin of coal as well as indigenous coal.
Increase in Indonesian exports of Low rank coal picked up in recent months. Due to domestic coal shortage, Indian consumers have devised a primitive method of blending of Low rank high moisture coal of Indonesia with the available 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. Indonesian government proposed the coal producers to up-grade their coal to higher energy value prior to export to have high price. The Government regulation is expected in Year 2014.
One of the Indian traders commented that due to the Somali pirate's threat to the Indian coal vessels heading to the west coast of Indian ports , buyers of South African coal may avoid pirate's dominated zone for safety of their crew members and cargo. Unless there is a firm action from Indian naval forces as well as international community on pirate attacks on the vessel which were passing through pirate attack zone, the growth of coal trade between India and south Africa will be affected.
For a short term, Indian coal buyers may look at alternative sources of supply. Will SOMALI PIRATES force Indian coal buyers to reduce procurement from South Africa? Register your opinion Yes, For A Short Period, No, May Be.
However, the next few 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 ministry also fine tuning their coal reference prices on monthly basis. 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 April 2011 Indonesian Coal Reference Price for thermal coal at US$ 122.02 per ton, which is 0.33 percent lesser than March 2011 price of US$ 122.43 per mt fob vessel.
Instead of minor dropping in HBA, Indonesian coal prices were still at stable 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 high nineties or at three digits pricing, 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 are expected to move more stronger in coming months.
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Sunday, 10 April 11
SOFT FREIGHT MARKET TREND LIKELY TO BE CONTINUED - VISTAAR SHIPPING
COALspot.com - The freight market continued to soften further with the BDI breaking the 1,500 points and closing at 1376 points down by almost 10 pc ...
Thursday, 07 April 11
HANDY RATES SLIDING NOW - FEARNBULK
Handy
Slowly softening rates as more tonnage is accumulating in the Atlantic basin.The trans-Atlantic round is around $15k pd with trips to ...
Thursday, 07 April 11
DRY BULK MARKET PLUNGING EVEN FURTHER ON LOW CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its falling pattern this week, with every day proving to be painful for ship owners, especially those of the large ...
Thursday, 07 April 11
INDIKA BUYS MITRABAHTERA AT US$ 0.183
PT Indika Energy Tbk (INDY), integrated energy company, today has exercised an option agreement to acquire 51% shareholding in newly listed coal tug ...
Wednesday, 06 April 11
FORBES & MANHATTAN COAL ANNOUNCES SIGNIFICANT OFF TAKE AGREEMENT
Steady Cash Flow Will Fund Production Ramp Up
Forbes & Manhattan Coal Corp., ("Forbes Coal" or the "Company") is a produc ...
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Showing 5311 to 5315 news of total 6871 |
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- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Xindia Steels Limited - India
- Planning Commission, India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Australian Coal Association
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
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