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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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Sunday, 16 September 12
THE FREIGHT RATES FROM INDONESIA TO INDIA EXPECTED TO BE STEADY - VISTAAR
COALspot.com - The freight market was mixed with most indices closing positive except for the Panamax index.
The main sentiment seems to be ...
Saturday, 15 September 12
FINANCE MINISTRY OPPOSES TAX INCENTIVE PLAN FOR COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry has turned down the idea of providing a fiscal incentive to the country’s coal mining ind ...
Friday, 14 September 12
DRY BULK MARKET LOOKS TOWARDS CHINA FOR SOME POSITIVE NEWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market freight rates submerged underwater for a large part of the year, dry bulk owners are looking for some positive enhancement ...
Friday, 14 September 12
GOVT OFFERS CONDITIONAL TAX HOLIDAY TO AILING COAL MINERS - JP
The Jakarta Post, one of the leading English news paper in Indonesia reported that, acknowledging difficulties encountered by coal miners due to a p ...
Thursday, 13 September 12
PANAMAX: THE NEGATIVE TREND, POOR SENTIMENT CONTINUES - FEARNLEYS AS
Handy
Lack of cargoes and a growing list of available ships is causing rates to slip for all Atlantic trades.
The only trade keeping somewhat s ...
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- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- PTC India Limited - India
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- The University of Queensland
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
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