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Friday, 29 June 12
INDONESIAN PRODUCERS ARE PLANNING TO CUT PRODUCTION IF COAL PRICES FALL FURTHER
 COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 31.54* million tons of coal in May 2012, compared to 31.86* million tons in April 2012. The May coal exports slightly down or drops just 1 percent from compared to April exports.
According to available information from coal exporters, the China was the largest importer of Indonesian coal in May, followed by India. China’s Indonesian coal imports has reached around 11.19* million tons in May, in the meantime India's imports around 7.57* million tons.
Indonesia's coal exports to China has increased by 1.78* percent in May to 11.19* million tons compared to last month, but to India dropped by 0.78* percent. Indian utilities imported 7.57* million tons in May, compared to 7.63* million tons in April 2012.
83.76* percent of total Indonesian coal exports in May shipped 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 compare to floating of inquiries" said an international coal trader. The FOB bids are not favoring suppliers at this moment, the gap between offers and bids are quite wider he added.
"This is the bottom level of price that we can accept to sell our cargo. If the coal prices fall further we may cut our production or if the situation goes worst, then we may stop totally our production until the situation rebound ", said a top officer from a coal mine in Sumatera. An another coal miner from South Kalimantan also shared the same view. Some of small scale producers are already reduced their output to 50 percent.
5,000 kcal/kg GAR coal from Central Kalimantan is being offered low sixties, but the bids were lower than those numbers.
In the meantime, a 5,800 kcal/kg GAR coal is being offered around mid seventies this week against bids of low seventies, a trader said. There is not much conclusions. However the offers and bids are flowing in to the market as normal level.
It is not clear whether the government of Indonesia will interfere to stabilize the coal prices of Indonesian origin by instructing coal miners to cut their production to keep demand stable to achieve better prices.
According to mining law 4/ 2009 all the miners in Indonesia to requires to follow government declared coal prices ( HBA) when they conclude a coal sales and purchase contract with their buyers.
However, in this month, the government declared minimum selling price of Indonesian coal for June delivery was higher than the current market prices. The producers, specially who are selling their coal on spot basis, forced to sell lower than HBA price but paying royalties and corporate taxes based on HBA prices.
“The profit margins are almost nearing to zero for those who sell coal on spot deals and low GCV / High moisture producers”, a small scale coal producer from South Kalimantan said.
The government declared HBA in June fall to lowest level since January 2011 and expecting to fall again in next month. The monthly coal reference price for coal sales in June fell 5.36 percent MoM and 18.80 percent YoY.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for June 2012 at US$ 96.65 per ton (basis 6322 GAR coal), which was US$ 5.47 lower than May 2012 Price and US$ 22.38 lower compared to the same period in 2011.
According to DSP of SGX AsiaClear OTC coal swaps, Indonesian sub-bituminous coal swaps and CFR South China coal contracts for August deliveries are moving positive direction since Monday this week.
According ongoing COALspot.com weekly polling, 41.12 percent of voters (as of now the total voters were 338) are believes that, the current coal spot price weakness is temporary and it will rebound before end of this year. 44.83 percent of producers (58) and 36.17 percent end-users (47) are also in the same view.
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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Friday, 22 June 12
COAL: THE BACKBONE OF MODERN ELECTRICITY - ECOAL
Coal has been described as the "forgotten fuel," perhaps because many aren't aware of the huge role it plays in powering the global econo ...
Thursday, 21 June 12
DRY BULK MARKET ON THE RISE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was on the rise once again yesterday, with the Baltic Dry Index (BDI), the industry’s benchmark, rising by 18 points, or 1 ...
Wednesday, 20 June 12
BDI MOVING HIGHER, PANAMAX AND SUPRAMAX VESSELS STRONGER, CAPESIZE RATES NEAR TO HISTORICAL LOWS OF DECEMBER 2008 - MARIA BERTZELETOU, HELLENIC SHIPPING
The dry market seems to follow the dynamic of the previous week with the Baltic Dry Index showing daily increases since June 8th, but is still stand ...
Tuesday, 19 June 12
SMALLER DRY BULK CARRIERS LIFT UP MARKET, PANAMAXES SET TO FALL SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Another rise for the dry bulk market was evident yesterday, as the industry’s benchmark, the BDI (Baltic Dry Index) was up for a ninth straigh ...
Sunday, 17 June 12
S7 & S8 ROUTES ARE LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI gained some increase after continues fall for several weeks.
The BDI increased by 47 points (up by 5.36 pct) closing at 92 ...
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- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- VISA Power Limited - India
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Australian Coal Association
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
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