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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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Monday, 10 September 12
DRY BULK MARKET SLOWLY BUT SURELY REACHING CRITICAL STATUS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The radical consequences of the shifts in dry bulk demand and prices, especially for the most sought after commodity, concerning the industry, i.e. ...
Monday, 10 September 12
ORPHEUS ENERGY SECURES INDONESIAN COAL TRADING LICENSE
COALspot.com - Indonesian coal producer, Orpheus Energy (ASX:OEG) has announced today that the Indonesian Ministry of Energy and Mineral Resources h ...
Monday, 10 September 12
A SNAPSHOT ON THE ECONOMIC AND SHIPPING ENVIRONMENT - GOLDEN DESTINY / HELLENIC SHIPPING
The European Central Bank left its interest rate unchanged at 0.75% focusing on pushing down borrowing costs in troubled economies, Spain and Italy. ...
Sunday, 09 September 12
H213 SUB-BIT FOB INDONESIA COAL SWAPS ARE TRADING HIGHER
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost 0.14 percent W-O-W on 7 September 2012, Friday closing but gained ...
Saturday, 08 September 12
INDO INDIA ROUTE FREIGHT FOR SUPRAMAX REMAINS STRONG - CAPT. REDDY
COALspot.com - The freight market overall remained weak and except for cape index all other sectors were down. The biggest drop was in the Panamax s ...
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- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
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