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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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- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- VISA Power Limited - India
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
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