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Wednesday, 16 April 14
INDONESIA'S FEBRUARY 2014 COAL EXPORT VOLUME FELL 2.41%
 COALspot.com: Indonesia, the world 4th largest coal producer and the global largest multi grade coal exporter shipped around $1.77* billion worth of coal in February 2014. According to our sources, the average export price of coal in February 2014 was around US$ 54.64 * per mt or around 0.29 percent higher than January 2014 average selling price of US$ 54.48 per MT*.
In the meantime, January 2014 average selling price of coal was around 0.99% lower than December 2013 average selling price.
Country's February 2014 export volume fell 2.41% and the revenue was also declined slightly compared Indonesia's January 2014 coal export revenue.
Indonesia shipped around 32.57* million tons of coal in February 2014, around 2.41% per cent lesser compared to country's January 2014 exports of 33.37* 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 10.55* million tons of coal in February 2014 or around 18.09*% lower than China's coal imports from Indonesia in January 2014.
In the meantime, India's coal imports from Indonesian in February increased to 9.72* million tons or 13.55% higher than its January 2014 Import. Indonesia shipped around 8.56* million tons of coal in January 2014 to India.
According to Indonesian coal exports statistics, the China has dominated Indonesian coal imports in first quarter but almost lost to India in Q2 in 2013. However, China has again becomes largest Indonesian coal buyer for second half of 2013, which was continues in January and February 2014. India and China are the main coal importers of coal from Indonesia in last few years and Indonesian coal out puts are almost depends on Chinese and Indian imports. India is the major buyer of Indonesian medium to low calorific value coal. Indian utilities particularly state owned power producers used to buy Indonesian medium calorific value coal due its competitive price. Indonesian High value coal, such as 6000 GAR and above coal is used to be exported to Japan, South Korea. Due to freight advantages, the Indonesian higher value coal prices significantly high compare to other countries high grade coal prices.
According to information that we obtained from the market shows the Indonesian high calorific value coal's FOB prices were reached above US$ 87 - 90 per Mt in February 2014.
Around 64.24*% (64.25*% in January) of total Indonesian coal exports in February shipped to India and China.
Indonesia shipped 13.55 per cent more coal to India in February 2014 compared to country's January exports of 8.56* million tons. Indonesia exports mostly low calorific value coal to India. Indian buyers used to buy below 5000 GAR coal particularly 4200 and 3800 GAR coal from Indonesia, which is according to them more economically benefited and attractive compare to high GCV coal such as 6000 GAR coal.
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 coal from S/A. Indian coal importers, particularly traders are importing Indonesian ultra-low calorific coal particularly from Sumatra and North Kalimantan for blending purpose with South African high calorific value coal, said a coal importer familiar with Indonesian and S/A coal.
International markets have traditionally been the principle destination for Indonesian thermal coal, with around 83.93*% (86.31*% in January 2014) of the county's total thermal coal exports in February 2014 shipped to China, India, South Korea, Japan & Taiwan.
Indonesia shipped 12.88* & 10.55* million tons of coal to China in January & February 2014 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 either on spot or terms.
The Director General of Mineral and Coal’s declared the minimum selling price for Indonesian coal for April 2014 delivery was lower than March 2014 declared 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 April 2014 slipped 2.86% per cent month on month or 15.53% year on year (April 2013). April 2014 declared HBA was the lowest since December 2009.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for April 2014 delivery at US$ 74.81 per ton (basis 6322 GAR coal), which is US$ 2.20 lesser than March 2014 price or US$ 13.75 lower compared to the same period in 2013.
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 South, East and North Kalimantan as well as Sumatera Island. However our sources also said that, the government may not introduce new royalty or export duty soon and may wait for better market condition.
Indonesian leading coal miners are operating world class coal mines and loading terminals in Kalimantan and Sumatera.
Indonesia is to maintain the same level of coal output of 2013 for year 2014. According to media reports, Indonesia will produce around 421 million mt of coal in 2014 or the same volume that produced in 2013.
**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. Average selling price mentioned here is average selling price of from ultra low calorific coal to bituminous coal (cs)
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Friday, 25 April 14
US PRODUCED APPROXIMATELY 19 MILLION SHORT TONS OF COAL IN A WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.0 million short tons (mmst) of coal i ...
Friday, 25 April 14
2ND MYANMAR ELECTRIC POWER CONVENTION 2014 IS THE GATEWAY TO MYANMAR POWER INDUSTRY!
Press Release: 2nd Myanmar Electric Power Convention (MEPC) 2014 is scheduled on 21-23 October, 2014 at Traders Hotel in Yangon, Myanmar. MEPC o ...
Friday, 25 April 14
DRY BULK MARKET LOOKING FOR NEW TRACTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market seems to have gained its footing after the past few dissapointing weeks, during which the Baltic Dry Index (BDI) shedded mos ...
Thursday, 24 April 14
HANDY : A FLOW OF FRESH REQUIREMENTS LIFTING THE PACIFIC SLOWLY TO US$ 10-11 K BSS SINGAPORE FOR COAL ROUNDS
Handy
There is still no place to hide in the Atlantic for the smaller but flexible sizes. Slow and weak seems to be the headlines, although th ...
Wednesday, 23 April 14
EUROPE WOULD BE HARD PRESSED TO REPLACE RUSSIAN GAS, FITCH RATINGS SAYS
A ban on Russian gas imports to the EU would cause substantial disruption to Europe's economy and industry, Fitch Ratings says. In the immed ...
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- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
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