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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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Friday, 30 August 13
US COAL PRODUCTION FELL 0.48 PERCENT WEEK ON WEEK - EIA
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.70 million short tons (mmst) of ...
Thursday, 29 August 13
HANDY: THE PACIFIC MARKET STARTED HEALTHY THIS WEEK - FEARNRESEARCH
Handy
The Pacific market started healthy this week. We have seen many bauxite, iron ore and few coal fixtures. Ships passing Singapore were able to ...
Thursday, 29 August 13
NO RATING IMPACT ON INDONESIAN ENERGY COMPANIES FROM RUPIAH DEPRECIATION - FITCH RATINGS
Fitch Ratings says the credit profiles of rated Indonesian energy and utilities companies, including thermal coal producers, will largely remain una ...
Wednesday, 28 August 13
THE BDI HAS MOVED TO LEVELS CONSIDERABLY STRONGER THAN THE BEGINNING OF THE YEAR - INTERMODAL
By George Bassakos
SnP Broker - Intermodal
We have already reached the end of August and whilst students are preparing themselves for another sc ...
Tuesday, 27 August 13
AUSTRALIA NEWCASTLE COAL EXPORTS JUMPED 15.59 PERCENT ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 15.59 per cent week on week to 2.76 million mt for ...
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- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- The University of Queensland
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
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