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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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Sunday, 25 November 12
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO BE FIRM - VISTAAR
COALspot.com - The freight market was buoyant this week with all sectors up except for the Cape size index. The BDI was up by 5.21 pct closing at 10 ...
Sunday, 25 November 12
INDONESIAN SUB BITUMINOUS COAL SWAP CONTRACTS SLIDE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for February 2013 delivery lost 0.76percent WoW but gained 0.16 percent DoD on Friday ...
Saturday, 24 November 12
DELTA DUNIA MAKMUR PRODUCES 3.2 MILLION TONS OF COAL IN OCTOBER
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 31.1 million bcm* (-4.0% YoY) of Overburden in October 2012 totaled while coal production was ...
Friday, 23 November 12
CHOOSING THE RIGHT TIME TO INVEST IN NEW VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Shipping is all about timing, a process often rising to the height of artform, as ship owners are having to pick the exact moment of selling most of ...
Thursday, 22 November 12
HANDY: INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 12500 - FEARNRESEARCH
Handy
The north Continent is seeing plenty of tonnages but lack of cargoes. TA business are around 11k and fronthaul is around 17k.Tonnages has tig ...
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- London Commodity Brokers - England
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- MS Steel International - UAE
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- VISA Power Limited - India
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
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