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Sunday, 23 September 12
INDIA IMPORTED 11.40 PERCENT MORE INDONESIAN COAL IN AUGUST
 COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 26,451,565* tons of coal in August 2012, compared to 27.88* million tons in July 2012. The August coal exports down or drops 5.15 percent from compared to July exports.
According to available information from coal exporters, the India was the largest importer of Indonesian coal in July and August overpasses China as the largest Indonesian coal importer in past. China’s Indonesian coal imports has dropped to 4.99* million tons in August, in the meantime India's imports stable at 7.57* million tons. Indian utilities import 11.40 percent more coal in August compared to its July Imports.
Indonesia's coal exports to China has dropped by 16.10* percent in August to 4.99* million tons compared to last month, but to India increased by 11.40* percent. Indian utilities imported 7.57* million tons in August, compared to 6.79* million tons in July 2012.
80.14* percent of total Indonesian coal exports in August shipped to top five traditional coal importers of Indonesian coal such as India, China, Japan, South Korea and Taiwan.
“Inquiries from India and China are still in the market, but the conclusions rates are lower compared 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.
Most of the Indonesian small scale miners have suspend their coal production, as those mine’s operation cost were higher than current coal prices.
5,000 kcal/kg GAR coal from Kalimantan is being offered low sixties, however the last week offers and bids were quite positive than previous weeks. According to market information, some deals have been concluded at high fifties.
In the meantime, a 5,800 kcal/kg GAR coal is being offered around mid seventies, a trader said. There is not much conclusions this in week. “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.
Indian buyers are aggressive to buy low GCV coal even coal with GCV around 3000- 3200 GAR. A market information indicates that, some deals from Sumatra to India were concluded at around US$ 26 - 27 FOB vessel for 3200 - 3400 AGR coal. Low GCV coal exports from Indonesia makes India the largest coal importer for last two months.
According to mining law 4/ 2009 all the miners in Indonesia to requires all coal exporters to follow government declared coal prices ( HBA) when they conclude a coal sales and purchase contract with their buyers.
The government declared minimum selling price of Indonesian coal for September delivery was higher than July minimum price. However, 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 reference price is to be used by coal producers for all spot and term contracts. This coal benchmark price is stated as using a formula based on the index average of ICI-1 (Indonesia Coal Index), Platts-1, Newcastle Export Index, and global Coal Index. The assessment basis of the coal price reference was calculated considering coal with GCV 6,322kcal/kg (GAR), Total Moisture (AR) 8.00%, Total Sulphur 0.8% (AR), Ash Content 15% (AR) and delivery Free on Board (FOB) Vessel basis.
The government declared HBA in September increased by 1.84 percent M-O-M and dropped 25.85 percent Y-O-Y.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for September 2012 at US$ 86.21 per ton (basis 6322 GAR coal), which was US$ 1.56 Higher than August 2012 Price but US$ 30.05 lower compared to 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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Thursday, 04 October 12
CAPESIZE : IN SPITE OF THE HOLIDAYS IN CHINA, RATES ARE CLIMBING UP - FEARNLEYS AS
Handy
Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Continent to east Med were around USD 13k and Black ...
Wednesday, 03 October 12
BARCLAYS'S PRICE FORECAST FOR NEWCASTLE COAL HAS BEEN WRITTEN DOWN
“ The main story in the global coal markets has been the growth in supply, with all of the major exporters adding volumes into a market which ...
Sunday, 30 September 12
SUB-BIT INDONESIA COAL SWAPS: MIXED TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 0.73 percent w-o-w but gained 0.41 percent d-o-d on Friday, 28 Se ...
Sunday, 30 September 12
INDONESIA HAS NO PLAN TO CAP COAL PRODUCTION
COALspot.com - “The current low coal prices were mainly due to a global oversupply condition, spurred by numerous mining exploitations in the ...
Sunday, 30 September 12
FREIGHT MARKET UNDER PRESSURE; OVERALL SENTIMENTS ARE STILL BEARISH
COALspot.com - The freight market seemed to have lost steam and all indices were down except for cape index.
The BDI was slightly down by 6 point ...
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- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- GMR Energy Limited - India
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Planning Commission, India
- Australian Coal Association
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- The University of Queensland
- Parliament of New Zealand
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