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Thursday, 05 September 13
INDONESIAN COAL EXPORTS UP BY 6.72 PERCENT IN JULY
 COALspot.com: Indonesia, the world's largest multi grade coal exporter shipped 35.268* million tons of coal in July 2013. Indonesian coal exports jumped 6.72 per cent in July compared to June exports. Indonesian coal exports in July were steady instead of low coal prices. Low calorific value coal was the main contributor to keep Indonesian coal exports high in July and most of the low calorific value coal is being exported to India from Indonesia, a trader commented.
According to the information that we obtained from various sources, India, the world’s third largest coal producer and net coal importer was the largest importer of Indonesian coal in July 2013, followed by China the largest coal producer in the world. India also imported more coal in April & May from Indonesia compared to China’s imports.
According to Indonesian coal exports statistics, the China has dominated Indonesian coal imports in first quarter but almost lost to India in Q2.
Indonesia shipped 12.41 per cent more coal to India in July compared to June exports of 9.68 * million tons. India imported mostly low calorific value coal from Indonesia in July 2013. Low calorific value power plant coal of Indonesian origin is still dominating Indian market compare to Chinese market. Indian coal importers, particularly traders are importing Indonesian ultra-low calorific coal for blending purpose with South African and American high calorific value coal.
According to a coal supplier from Sumatera Island, low coal prices' as well low sea freights are encouraging Indian and Chinese buyers to keep an eye on Indonesian coal for last few months. This trend is expecting to continue until next year. But he added, If China's plan to introduce 3% tax for low GCV / lignite coal and the Indian Rupee depreciation are expecting to hit the Indonesian coal exports as well as the prices.
A coal producer from Kalimantan said, "The Chinese regulation on import duty will be applied to coal source from non-SEA countries". The miner further said that, "Free trade agreement between China and the ASEAN countries has brought import tariffs for lignite to zero since the start of 2012".
In the meantime, an another coal producer from the same island, worried that, if Chine introduces import duty for coal below 3800 GAR, then it will hit the price for 4200 gar a bit more stronger than now".
Indonesia shipped 9.74* and 9.86* million tons of coal to China in June and July 2013 respectively. China’s Indonesia's coal imports in July slightly or marginally higher than its June imports.
Indonesian 4200 GAR coal is in high demand compared with other grades of low calorific value coal. But the bids are not attractive from buyer. Specifically Indian Rupee depreciation pushes Indian buyers to put lower bids compare to a month ago.
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81.81* per cent of total Indonesian coal exports in July shipped to top five Indonesian coal buyers such as India, China, Japan, South Korea and Taiwan.
Indonesian coal market was almost flat last few days and no major corrections seen in coal prices or reported.
According to Indonesian mining law 4/2009, all coal miners in Indonesia to require to follows the government declared coal prices (HBA) when they conclude a coal sale and purchase contract with their buyers.
The Director General of Mineral and Coal’s declared the minimum selling price for Indonesian coal for August delivery was slightly lower than July's price. The HBA for September delivery is expected any time this week.
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 for August has fell 6.11% per cent month on month and 9.39% year on year.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for August 2013 delivery at US$ 76.70 per ton (basis 6322 GAR coal), which is US$ 4.99 lesser than July 2013 price and US$ 7.95 lower compared to the same period in 2012.
According to available information, the Indonesian government was studying a proposal to increase royalty on coal as well as to introduce an export duty for coal next year prior to weakening of Indonesian Rupiah.
Presently, Indonesia’s trade shortfall widened to $2.3 billion in July and oil and gas imports rose 50 per cent, accounting for almost a quarter of overseas purchases, official data show, as reported by Bloomberg recently.
Due to Indonesia’s trade account deficit widened, the market is believes that, the government will not introduce any new regulation which can affect the coal exports in near future.
However, if Indonesia decided to move forward to introduce export duty, China executes its declared import duty on low GCV coal, including for Indonesian origin and weakening of Indian Rupee continues then, Indonesian coal prices as well export quantities will face significant corrections, which can affect new coal mine explorations and mine expansions in coming months / years.
*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 does not accept any responsibility or liability for any damage or loss caused to any person as a result of any action taken on the basis of this information.
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, 04 September 13
RBCT SHIPPED 16.18 PERCENT MORE COAL IN JULY
COALspot.com - Richards Bay Coal Terminal (RBCT) is the single largest coal export terminal South African as well as in the world has shipped 6,162, ...
Wednesday, 04 September 13
SUPRAS AND HANDIES : INDONESIAN COAL CARGOES ARE SUPPORTING HEALTHY ACTIVITY LEVELS - INTERMODAL
The Dry Bulk market has pooled back a bit this week after firming for two weeks in a row. The BDI is s holding above 1,100 points and despite the sm ...
Tuesday, 03 September 13
AUSTRALIA'S NEWCASTLE PORT SHIPPED 22.93 PER CENT MORE COAL W-O-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 22.93 per cent week on week to 3.39 million mt for ...
Sunday, 01 September 13
COAL SWAP SHOWS MIXED TREND
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average Q4 2013 delivery 1.25 percent up month on month. The swap was moved posit ...
Sunday, 01 September 13
INDONESIA TO INDIA SPOT FREIGHT STAYS FIRM THIS WEEK - VISTAAR
COALspot.com: The freight market continued to be firm with even though the BDI and Cape index dropped by about 3 pct week on week.
The BDI was do ...
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- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Australian Coal Association
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
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