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Friday, 30 November 12
IS INDONESIAN COAL INDUSTRY DEPENDS HEAVILY ON INDIA AND CHINA?
 COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 35,143,587* tons of coal in October 2012. October exports are 19.85* percent higher than September exports.
According to available information from coal exporters and various other sources, the China is the largest importer of Indonesian coal in October. China’s Indonesian coal imports has jumped to 11.32 * million tons in October meanwhile, India has imported 9.60 * million tons in the same month. Low coal prices were pushed higher coal exports in October, said a coal producer from South Kalimantan.
83.56* percent of total Indonesian coal exports in October shipped to top five traditional coal importers of Indonesian coal such as India, China, Japan, South Korea and Taiwan.
“Inquiries from India are still in the market, but the conclusions rates are lower compared to floating of inquiries" said an international coal trader. The bids from buyers are still lower specially for low GCV coal.
Most of the Indonesian small scale miners have already suspended their coal production, as those mine’s operation cost were higher than current coal prices. However the October exported quantity was quite higher compared to last few months.
59.52* percent of Indonesia’s total coal exports in October shipped to China and India. It is seems that, Indonesian coal industry is over depends on China and India for its exports.
A coal miners from Indonesia agreed that, yes Indonesia is exporting more coal to China and India last few months or years.
“ Yes, Indonesian coal exports to China and India has increased significantly in the last couple of year. But we believe most of the large scale coal producers are managed their risk very well by diversifying their marketing strategy fairly between the coal consuming countries including and China and India. However, it is contrary to the small scale producer who produces low CV coal to off spec coal, are subject to high risk and they are highly depends on those two countries,”
In the meantime, another miner said, China and India is depends on Indonesian coal. Both India and China are growing fast and they need more energy to meet their demand. Coal is still the recommended and cheapest energy for those two countries other than Hydro power. Hence as Indonesian coal producer, we no need worry or look for a alternative market immediately, as India or China will not suddenly changes their buying strategy or switch to another sources for coal in near future.
However the same miner said, Indonesian coal miners also have to carefully monitor the market condition and equilibrium between supply and demand and adjust the production accordingly to avoid oversupply which possibly lead to lower coal prices.
According to COALspot.com’s view, Indonesian coal industry is depends on India and China. Specially Indonesian small scale coal producers or IUP holders are pushing more coal to China and India on spot basis. If there is any sudden corrections on coal demand from India or China, then it will immediately react on Indonesian small scale coal producers.
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 November delivery was lower than October minimum price.
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-5900, 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 November dropped 5.35 percent M-O-M and 30.18% percent Y-O-Y.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for November 2012 at US$ 81.44 per ton (basis 6322 GAR coal), which was US$ 4.60 lower than October 2012 Price and US$ 35.21 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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Wednesday, 26 December 12
SHIP OWNERS WRAP UP NEWBUILDING DEALS PRIOR TO YEAR END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the year inches closer and closer to its end, many ship owners are looking to close deals for newbuilding vessels they have been negotiating duri ...
Monday, 24 December 12
CONSTITUTIONAL COURT DECISION MAY FURTHER DELAY THE ISSUANCE OF NEW MINING BUSINESS LICENCES - TJEN SHE SIUNG
COALspot.com - In November 2012 the Constitutional Court of Indonesia issued a decision on amendments to certain provisions under the Mining Law No. ...
Monday, 24 December 12
BUNKER PRICES TO CONTINUE RISING, ALBEIT IN A SLOWER MODE, DURING THE NEXT FEW YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEW
In a recent report, US-based consulting firm Mcquilling Services attempted to forecast the course of bunker prices during the next few years, as thi ...
Sunday, 23 December 12
Q4' 2013 CFR SOUTH CHINA COAL SWAP, US$ 3.40 HIGHER COMPARED TO Q1' 2013 PRICE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 1.94 percent M-M and WoW by 1.57percent but lost 0.35 ...
Saturday, 22 December 12
SECOND HAND VESSELS ENJOY HIGH DEMAND AS PRICES ARE ATTRACTIVE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the year is closing to its end, activity in the second hand vessel market has been more than high. Ship owners are looking to ...
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- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- MS Steel International - UAE
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- PTC India Limited - India
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Minerals Council of Australia
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Australian Coal Association
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
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