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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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Tuesday, 04 December 12
JATENERGY SIGNS MOU FOR INDONESIAN COAL ASSET
COALspot.com - Jatenergy Limited has announced that its fully-owned Indonesian subsidiary, PT Barata Energy (BE), has signed an exclusive, non-bindi ...
Tuesday, 04 December 12
NEWCASTLE PORT SHIPPED 55.88 PERCENT MORE COAL W/E 3 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,796,341 MT of thermal and coking coal for week ended 0700 hours 3 December 2012, Newca ...
Sunday, 02 December 12
YEAR 2013, YEAR OF SUPPLY OR DEMAND?
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1 2013 delivery gained 2.87 & 0.83 percent MoM and WoW respectively ...
Saturday, 01 December 12
TIGHT SUPPLY, DEMAND PUSH INDO-INDIA SUPRAMAX FREIGHT RATES HIGHER - VISTAAR
COALspot.com - The freight market was mixed this week as cape and Panamax indices are closing softer.
The BDI was down 0.37 pct closing at 1,086 ...
Friday, 30 November 12
FUTURE TREND OF SECOND HAND SHIP VALUES PUZZLING SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the major challenges that ship owners are facing today is whether or not to invest in a second hand vessel at any given time. For instance, i ...
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- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- White Energy Company Limited
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
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