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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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Friday, 12 March 21
INDIA SHOULD FOCUS ON REDUCING COAL POWER GENERATION INSTEAD OF CAPACITY - IEEFA
Nearly half of existing coal power in India is more expensive than new renewable power
To get to its ambitious climate targets, Indi ...
Friday, 12 March 21
BATTERIES ARE REPLACING COAL NOT GAS - IEEFA
No amount of government subsidies can halt gas’s decline
Batteries are replacing coal not gas.
Today the early ...
Friday, 12 March 21
RENEWABLES SHOULD BE FOCUS OF VIETNAM’S DRAFT PDP8, NOT COAL AND GAS - IEEFA
Evidence was clear to inform the next stage of Vietnam’s power development
Vietnam’s recently published draft power deve ...
Thursday, 11 March 21
U.S. TO PRODUCE 581 MMST IN 2021, UP 8% FROM 2020 - EIA
EIA expects U.S. coal production to total 581 MMst in 2021, 42 MMst (8%) more than in 2020. In 2022, EIA expects coal production to rise by a furth ...
Thursday, 11 March 21
MARKET INSIGHT - INTERMODAL
Assessing the ship repair sector during the first months of 2021, we have come across a new era in which Owners chose the shipyards to repair their ...
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- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
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