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Monday, 19 September 11
CHINA IMPORTS MORE THAN 10 MMT INDO COAL IN AUGUST 2011
 COALspot.com - Indonesian coal exports dropped 1.642 million tons in August compared to July exports. Indonesia exports 29.662 million tons of coal in August, a 5.24 percent drop compared to its July exports.
India
Indian buyers have reduced Indonesian coal imports in August 2011 to 5.758 million tons from 6.482 million tons m-o-m.
China
Chinese buyers were returned back to Indonesia after silent about almost first three months of this year but now importing huge quantity of coal since April. Chinese buyers have brought 10.353 million tons of coal in August 2011. Chinese buyers are still aggressive toward conclude the deals from Indonesia for prompt loading as well as October - December loading.
As winter is approaching in China, the demand for power is expected to increases thereby the movement in coal may be witnessed resulting in higher consumption. “Chinese buyers are willing to pay an additional 2 -3 US$ dollars compared to last week”, said a coal miner who is used to export majority of his production to China.
54.31 percent of total coal exports from Indonesia in August goes to fuel hungry countries such as India and China.
HBA
Indonesian government has already successfully implemented monthly coal reference price for its coal. The regulation is expected to be (fully) implemented by 22nd of this month.
"The regulation is likely to increase the price of coal, mainly for all Indian Power Projects using imported coal from Indonesia", Sunil K Kumbhat, an analyst from India commented. Coal producers of Indonesia were asked to comply with the government declared coal price reference price prior to concluding any coal sales agreement with its buyers.
Ministry of Energy and Mineral Resources of Indonesia has set the September 2011 Indonesian Coal Reference Price (HBA) for thermal coal at US$ 116.26 per ton, which is slightly lesser than August 2011 price.
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 September 2011.
DMO
Indonesian government has increased the domestic market obligation (DMO) allocation to 82.07 million tons of coal for 2012, which is 4 percent higher than 2011 allocations.
The country is planning to produce 332 million tons of coal in 2012, according to the ministerial decree signed on 25 August 2011. Indonesian coal market stakeholders are in opined that, the prices and demands are expected to move stronger in coming months.
Coal Export Ban
In the meantime, Ministry of Energy and Mineral Resources of Indonesia also drafting a law that may ban coal export if calorific value of coal below 5700 kcal/kg on air dried basis by 2014. If the coal producers do not increase the heating energy above 5700 kcal/kg, it will be banned for export market.
However market reaction was against the proposed ban as Indonesian coal mining association disagrees over this. "We oppose it and plead for its postponement,” ICMA’s Executive Director Suhala Supriatna said to press last month.
"If the regulation is implemented, then the impact will be tremendous, because there are more than 150 million tons of coal low calorific value coal that cannot be exported," commented by Chairman of ICMA.
"If the new definition of low grade coal is applied (<5700 kcal/kg adb), it may be reasonable to believe that such a ban may have impact on the Indian power sector as volumes in this grade of coal are expected to rise in the proportion of coal exports to India. Several of the acquisitions made by Indian power generation companies in Indonesia have been in coal blocks that will produce coal of this grade, and a blanket ban on the exports can jeopardize power plant development in India," said Dipesh Dipu, Director of Deloitte Touche Tohmatsu India Pvt. Ltd.
Indonesian coal is being used by consumers around the world. Hence, any new regulations, restrictions, bans will disturb Indo coal consumers and their sourcing plans.
According to market information, Tamil Nadu Newsprint and Papers Ltd. an Indian paper manufacture has recently concluded a contract to buy 160,000 MT of 6000 GAD and 15% TM Indonesian non-coking coal at USD 90.40. The deal was concluded through electronic bidding and delivery of the cargo would be on a delivered basis.
Indian large scales corporate are aggressively investing in coal mines and infrastructure in Australia. Last week, GVK group, India’s leading infrastructure developer, confirmed arrangements for the acquisition of a strategic part of large, high quality coal resource and infrastructure development project in Queensland for US$ 1.26 billion.(cs)
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Saturday, 07 May 11
SUPRAMAXES ARE AT AROUND $ 13,500-14,000 PER DAY FOR SINGLE TRIPS
COALspot.com - The freight remained fairly steady this week with the BDI up by 71 points and closing at 1,340 points, said Capt. Reddy, the director ...
Saturday, 07 May 11
COAL PRODUCTION MAY REACH 95M TONS IN SECOND QUARTER - THE JAKARTA POST
The Jakarta Post reported that, Indonesian miners are projected to produce around 95 million tons of coal in the second quarter of this year after l ...
Friday, 06 May 11
BUKIT ASAM TO CLOSE COAL TAKEOVER IN Q2 - INSIDER STORIES
The state-controlled PT Tambang Bukit Asam Tbk (PTBA) expects to complete acquisition of two coal mining companies from four companies which is now ...
Thursday, 05 May 11
SUPRAS IN NORTH CHINA ARE GETTING CLOSE TO $ 13K FOR INDO-INDIA
Handy
The Atlantic market is stable/flat with positive undertone meaning more enquiries hitting the market today. Lack of prompt vessels. Trips to ...
Thursday, 05 May 11
PANAMAXES LEAD DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s benchmark, the Baltic Dry Index (BDI) managed to edge higher yesterday, rising by 1.81% to 1,292 points, in the first po ...
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- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
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