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Monday, 28 May 12
COAL EXPORTS ARE JUMPING HIGHER, BUT PRICES ARE FALLING LOWER
 COALspot.com: Indonesia, the world largest coal exporter, shipped 31.86* million tons of coal in April 2012, compared to 30.64* million tons in March 2012. The April coal exports up by 3.98 percent from March exports.
China was the largest importer again last month, followed by India. China has imported 10.994* million tons of Indonesian coal, in the meantime India's imports have reached to 7.63* million tons from Indonesia.
Indonesia's coal exports to China has increased by 12.60* percent in April to 10.99* million tons and to India increased by 8.53* percent. Indian utilities have imported 7.63* million tons in April, compared to 7.03* million tons in March 2012.
82.95* percent of total Indonesian coal exports in April goes to top five traditional coal importers of Indonesian coal such as China, India, South Korea, Taiwan And Japan.
“Inquiries from India and China are still in the market, but the conclusions rates are lower than inquiries" said an international coal trader who is operating out of Indonesia and Singapore. The FOB bids are not favoring suppliers at this moment, the gap between offers and bids are quite wider he added.
5,000 kcal/kg GAR coal from Central Kalimantan is being bids below US$ 70 last week, while the 5,800 kcal/kg GAR coal is around US$ 85-87/mt, an another trader said.
Indonesia is in process to issue a regulation to (re) introduce duty on coal export. However the exact percentage of duty or when the regulation will be issued is unknown to market.
Indonesia is also considering to introduce production restriction instead of export duty, a person who is familiar to Indonesian mining industry said. The government has already introduced export duty on un processed mineral products since early this month.
"Coal export duty could affect price competition of Indonesian coal and also coal producers future earnings”, said a coal player from India.
However another trader cum coal exporter said, “Coal demand in Asia, principally Japan, China and India remains strong. Hence the market will absorb a minor export duty on coal”.
However the current coal market condition may not support Indonesian coal industry to face any new regulation related to export duty. If the government introduce coal export duty at this moment, it will support south and north American coal industry as well as Russian coal producers who are currently active in Asian Market due to lower sea freight advantage as well as less coal demand in Europe and America. American cheaper shale gas prices are also pushing American coal producers to export more coal in to Asian market.
Indonesian HBA also fall to lowest level since January 2011 this month. The monthly coal reference price for coal sales in May fell 3.30 percent M-o-M.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for May 2012 at US$ 102.12 per ton, US$ 3.49 lower than April 2012 Price and US$ 15.49 lower than the same period in 2011.
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.* Figures are subject to verification (cs)
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Tuesday, 12 June 12
ITACHA RESOURCES BUYS SARANA MARINE - INSIDER STORIES
Insider Stories reported that, coal mining company PT Itacha Resources, a joint venture between Anthoni Salim and Glenn Yusuf, announced that Itacha ...
Monday, 11 June 12
BAHANA FORECASTS THE COAL PRICES WILL FALL FURTHER
COALspot.com - Growing US coal supplies + low shipping costs = Asia as target.
According to Irwan Budiarto analyst at Bahana Securities, US ...
Monday, 11 June 12
ASIAN COAL TRADING COMMUNITY EMBRACES API 5 AND API 8
Press Release - The Asian coal trading community is embracing the API 5 and API 8 indexes for its swap contracts.
The API 5 index represents 5,50 ...
Sunday, 10 June 12
FREIGHT MARKET EXPECTED TO REMAIN WEAK FOR NEXT FEW WEEKS - VISTAAR
COALspot.com - The BDI continued to fall this week and down by 2.99 pct closing at 877 points.
The Cape index also was down by 5.78 pct closing a ...
Friday, 08 June 12
ESSAR ENERGY RECEIVES FINAL APPROVAL FOR INDONESIAN COAL BLOCK
COALspot.com - Essar Energy plc, the India-focused integrated energy company, today announced that it has received final ‘Pinjam Pakai’ ...
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- IEA Clean Coal Centre - UK
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- Parliament of New Zealand
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- Coalindo Energy - Indonesia
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- Goldman Sachs - Singapore
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- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
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- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
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- Global Coal Blending Company Limited - Australia
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- Interocean Group of Companies - India
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- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
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- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
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- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
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- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
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- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
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- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
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- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
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- Australian Commodity Traders Exchange
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- Thai Mozambique Logistica
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- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
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- Gujarat Electricity Regulatory Commission - India
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- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
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- SMG Consultants - Indonesia
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- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
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- Bukit Baiduri Energy - Indonesia
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- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
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- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
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- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
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- Minerals Council of Australia
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- Georgia Ports Authority, United States
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- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- MS Steel International - UAE
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