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Wednesday, 22 June 11
BOOMING INDONESIAN COAL EXPORTS - BLEEDING INDIAN POWER INDUSTRY
 COALspot.com - Indonesia shipped 28.962 Million tons of coal in May 2011, up by 15.86 percent compared to April export of about 24.995 million tons, Indonesian coal industry sources said. 56.30 percent up year-to year.
China's Indonesian coal imports have jumped up drastically in May by 2.105 MMt compared to its April imports. Chinese coal imports from Indonesia in May was higher than India's imports from Indonesia. India has imported 6.368 million tons in May where’s China has imported about 8.21 MMt which was 1.841 million MT higher.
India has lost its largest Indonesian coal importer status to China first time in the last five months. India was the largest Indonesian coal importer since January 2011 followed by China and other Asian countries. China is expected to import more coal in this month and coming months to increase energy supplies to prevent a worsening of its summer power shortage in seven years.
According to analyst, China faces a power shortfall, and that may extend to 40GW this northern summer, surpassing its 2004 power shortfall. China’s benchmark power-station coal prices rose to the highest since October 2008 as summer electricity demand increased in the world’s fastest-growing major economy, as quoted by Bloomberg its report early this week.
According to Indian coal minister, Indian coal imports may be at 250 million tons per annum by 2016. Coal imports is unavoidable option for Indian utilities due to non availability of economically viable coal from domestic mines. However, according to Indian UMPPs, due to Indonesian government regulation that forces all coal producers must sell coal at government declared monthly prices, would cost them at least US$ 30 per ton higher than they previously budgeted.
"Implementation of this proposed new rule by the Indonesian government ( I.e., the law mandates all coal producers to sell coal at government declared prices) will adversely impact all existing and future imported coal-based power plants in India, including UMPPs," Ashok Khurana, the Director General of the Association of Power Producers, said as reported by an Indian paper.
“When Indian companies invest in Indonesia, they tend to have the intent to sell coal at cost, so that Indonesian business unit remained at no or negligible profits. Taking a holistic view, however, the cash flows in an integrated Indonesian coal mining and Indian power generation unit after this regulation will continue to be similar, except that income taxes will be paid in Indonesia, and the cash flows will need to be brought on the books on Indian power project after paying taxes in Indonesia through appropriate and innovative business structuring,” said Dipesh Dipu, director, at Deloitte, mydigitalfc reported.
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Indonesia has introduced bench mark pricing mechanism for its coal since February 2010, and it has implemented for the domestic supplies as well export market. The pricing was done on very transparent way using four internationally acceptable coal indices to generate monthly Indonesian coal reference prices for about 62 types of coal including 8 types of bench mark qualities.
The regulation also requires miners to report sales volumes, prices, and buyers every month to the government, allowing it to ensure that the rules are being followed. Violations can lead to revocation of mining permits. The price benchmark aims to prevent firms selling coal to affiliates at low prices to avoid taxes that hurts Indonesia's efforts to collect revenues from its massive commodity exports.
Ministry of Energy and Mineral Resources of Indonesia has set the June 2011 Indonesian Coal Reference Price for thermal coal at US$ 119.03 per ton per ton, which was 1.20 percent higher than May 2011 price of US$ US$ 117.61. Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur (arb) 0.8%, Ash Content (arb) 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 – 30 June 2011.
Indonesian bituminous coal of 5,500 kcal/kg NAR was offered at between $ 108 - 110 a ton, FOB vessel basis this week, slightly up from last week price, traders said.
According to Indian power industry sources opined that Indian UMPPs ( ultra-mega power project) suddenly caught in between as the concept of UMPP was implemented 4 to 5 years back. The large scale industrial houses in India have bided and secured UMPP licenses based on the open market prices /long term coal contracts from Indonesian producers (I.e., pre regulated Indonesian market). Now that Indonesian coal reference price mechanism is in place all the UMPP's are seeking Indian government’s assistance in revising the Power Tariff of UMPP.
Now, the bankers who have funded the projects are bit worried about the rising Indonesian coal costs versus the power sales price which was pegged at pre-regulation prices, Indian banking industry sources said. Now, we need to see whether Indian Government allows the UMPPs to revise the power sale prices based on Indonesian coal reference price mechanism.
As such India cement and steel industries were used to buy coal from South Africa and Australia on index base pricing mechanism since last four to five years. in view of the attractive profit margin levels, entire Indonesian coal producers migrated to Index based pricing for coal contracts . “Where's still many of the Indian utilities and private consumers are still procuring the coal on firm delivered basis. This concept is creating lot of confusion in the Indian trade circles” an Indian trader commented.
77.12 percent of total coal exports in May goes to China, India, South Korea, Japan and Taiwan respectively.
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, 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.
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Monday, 08 January 24
KOSPO TO BUY 80000 MT OF INDONESIAN LOW CALORIFIC VALUE COAL FOR FEB 2024
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for the supply of Indonesian Low Calorific Value Coal from qualified suppliers for Korean ...
Monday, 08 January 24
SEABORNE TRADE REACHES 12.4BN TONNES - CLARKSONS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
Monday, 08 January 24
CAPESIZES START THE NEW YEAR ON POSITIVE NOTE - BALTIC EXCHANGE
Capesize
This week the capsize market has been marked by a mix of activities and challenges. Despite a slow start following the Christmas and N ...
Friday, 05 January 24
MORGAN STANLEY SEES LOWER OIL PRICES IN 2024 ON OVERSUPPLY CONCERNS - REUTERS
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half in 2024 before declining towards the end of the year as it ex ...
Friday, 05 January 24
INDIA'S COAL OUTPUT RISES NEARLY 11 PC IN DEC TO 92.87 MT - PTI
India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official s ...
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- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
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