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Friday, 27 December 13
INDONESIA SHIPPED 15.75 PERCENT MORE COAL IN NOVEMBER
 COALspot.com: Indonesia, the world's 4th largest coal producer and the largest multi grade coal exporter shipped over $2* billion worth of coal in November. According to our sources, the average export price of coal in November was around US$ 55.03* per mt or around 1.62 percent lesser than Octobers' average selling price of US$ 55.94*. In the meantime, Octobers' average selling price of coal was around 0.92% lesser than Septembers' average selling price.
Country's November export volume rose by 15.75% and the revenue was also inclined compared Indonesia's October coal export revenue. In spite of lower average selling price, the Indonesian coal exports revenue increased by 13.86*% to US$ 2* billion in November compare to around US$ 1.76* billion in October.
Indonesia shipped around 36.45* million tons of coal in November up 15.75 per cent compared to country's October exports of 31.49* million tons.
According to available information that we obtained from various sources, China, the world’s largest coal producer and the net importer of coal has imported around 13.62* million tons of coal in November or around 48.52*% higher than China's coal imports from Indonesia in October.
In the meantime, Indias' coal imports from Indonesian in November rose slightly to 9.16* million tons. Indonesia shipped around 8.44* million tons of coal to India in October.
According to Indonesian coal exports statistics, the China has dominated Indonesian coal imports in first quarter but almost lost to India in Q2. China again become largest Indonesian coal buyer for second half of this year. India and China are the main coal importers of coal from Indonesia in last few years and Indonesia coal out puts are almost depends on Chinese and Indian imports. Around 62.51*% (55.94*% in October) of total Indonesian coal exports in November goes India and China.
Indonesia shipped 8.45 per cent more coal to India in November compared to country's October exports of 8.44* million tons. Indonesia exports mostly low calorific value coal to India.
Low calorific value power plant coal of Indonesian origin is still dominating Indian market compare to Chinese market". India used to buy 3800 – 4200 GAR coal from Indonesia and high calorific value cal from S/A. Indian coal importers, particularly traders are importing Indonesian ultra-low calorific coal for blending purpose with South African and American high calorific value coal.
International markets have traditionally been the principle destination for Indonesian thermal coal, with around 83.21*% of the county's total thermal coal exports in November shipped to China, India, South Korea, Japan & Taiwan.
Indonesia shipped 9.17* & 13.62* million tons of coal to China in October & November 2013 respectively.
Indonesia's export thermal coals are bituminous to sub-bituminous in rank with widely varying ash, moisture and sulphur characteristics. In Indonesia, coals with as-received heat contents in excess of 5300 kcal/kg (gar) are generally classified as bituminous coals while coals with as-received heat contents of 4100 to 5300 kcal/kg (gar) are classified as sub-bituminous coals and below 4100 kcal/kg (gar) coals are classified as sub-bituminous "C" grade.
Indonesian Coal Price Reference
According to the 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 December delivery was slightly higher than November' 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 for December up 2.79% per cent month on month and down 1.76% year on year.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for December 2013 delivery at US$ 80.31 per ton (basis 6322 GAR coal), which was US$ 2.18 higher than November 2013 price or US$ 1.44 lower compared to the same period in 2012. The bench mark price for coal for January loading is expected to be released by Director General of Mineral and Coal first week of January 2014.
Royalty Increase; Export Duty
According to available information, the Indonesian government is studying a proposal to increase royalty on coal as well as to introduce an export duty for coal next year. Government is also studying another proposal to restrict coal loading ports in Indonesia to implement better monitoring system to eliminate illegal mining. Indonesia is having hundred of barge loading ports and anchorage coal loading point support coal loading in Kalimantan as well as Sumatera.
Indonesian leading coal miners are operating world class coal mines and loading terminals in Kalimantan and Sumatera.
**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.* All figures (volume, revenue and price) are subject to verification (cs)
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Friday, 13 December 13
DRY BULK SHIPPING TO WITNESS HEALTHY DEMAND MOVING FORWARD - ICS
The Institute of Chartered Shipbrokers Greek Branch organised its 9th Annual Forum at Eugenides Foundation, on Wednesday, 11th of December, with a r ...
Friday, 13 December 13
US PRODUCED APPROXIMATELY 18.4 MILLION SHORT TONS OF COAL W/E 7 DECEMBER 2013
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.4 million short tons (mmst) of coal in ...
Thursday, 12 December 13
GREAT EXPECTATIONS SANCTIONED - EVA TZIMA
News that sanctions on Iranian oil exports could be lifted sometime in the following months have shaken the markets recently. One of the world&rsquo ...
Thursday, 12 December 13
DRY BULK MARKET RATES FOR CAPESIZES TO REMAIN VOLATILE SAYS BIMCO
The dry bulk market has reached multi year highs this week, as the BDI is standing at the 2,300-point mark. In its analysis of the market, BIMCO pre ...
Wednesday, 11 December 13
THE INDONESIAN GOVERNMENT IS CONSIDERING SETTING A REGULATION ON THE MINIMUM PURITY TO REGULATE UNPROCESSED ORE BAN
COALspot.com: Energy and Mineral Resources Minister Jero Wacik recently proposed to house those mining (mineral) companies that had shown a commitme ...
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- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
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- Chamber of Mines of South Africa
- SMC Global Power, Philippines
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- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
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- Bangladesh Power Developement Board
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
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- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
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- India Bulls Power Limited - India
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
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- Tamil Nadu electricity Board
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- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Minerals Council of Australia
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Planning Commission, India
- Economic Council, Georgia
- Posco Energy - South Korea
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
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- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
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- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
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- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
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