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Tuesday, 22 April 14
INDONESIAN MARCH COAL EXPORT VOLUME SURGE 9.12% TO 35.54 MMT
 COALspot.com: Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.93* billion worth of coal in March 2014. According to our sources, the average export price of coal in March 2014 was around US$ 54.43* per mt or around 0.38 percent lesser than February 2014 average selling price of US$ 54.64 per MT*.
In the meantime, February 2014 average selling price of coal was around 0.29% higher than January 2014 average selling price.
Country's March 2014 export volume surge 9.12% and the revenue was also surge by 9.03% compared Indonesia's February 2014 coal export revenue.
Indonesia shipped around 35.54* million tons of coal in March 2014, around 9.12% per cent higher compared to country's February 2014 exports of 32.57* 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 8.38* million tons of coal in March 2014 or around 20.56*% lower than its February coal imports from Indonesia.
In the meantime, India's coal imports from Indonesian in March increased by 19.23 percent to 11.59* million tons compared to its February 2014. Indonesia shipped around 9.72* million tons of coal in February 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 continued in January and February 2014, but lost to India in March.
India and China is the Major Indonesian coal importers for 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. According to market information the Indonesian ultra low calorific value coal is being sold to India around low to mid twenties. In the meantime, Indonesian high value coal, such as 6000 GAR and above coal prices stood at high eighties or low nineties. Japan & South Korea is the major buyers of Indonesian high calorific value coal. 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 March 2014.
Around 56.20 *% (64.24*% in February) of total Indonesian coal exports in March shipped to India and China.
Indonesia shipped 19.23 per cent more coal to India in March 2014 compared to country's February exports of 9.72* 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. Indonesian ultra-low calorific value coal contains high total moisture.
International markets have traditionally been the principle destination for Indonesian thermal coal, with around 80.36*% (83.93*% in February 2014) of the county's total thermal coal exports in March 2014 shipped to China, India, South Korea, Japan & Taiwan.
Indonesia shipped 10.55* & 8.38* million tons of coal to China in February & March 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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Wednesday, 23 April 14
KOMIPO INVITES BIDS FOR LOW VOLATILE BITUMINOUS COAL
COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International open bidding for 90,000 Metric Tons (MT) of low volatile bit ...
Tuesday, 22 April 14
NEWCASTLE WEEKLY COAL EXPORTS FELL 13.33% THIS PAST WEEK
COALspot.com: In the week ended 07:00 hours 21 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensl ...
Monday, 21 April 14
Q1'15 SUB-BIT FOB INDONESIA COAL SWAP SHOWING A POSITIVE TREND
COALspot.com: Indonesian coal swaps for average Q2’ 2014 gain on month and on week according to AsiaClear OTC coal swap's reports rele ...
Monday, 21 April 14
Q4 2014 AND Q1 2015 COAL SWAPS CLOSED MARGINALLY HIGHER COMPARED TO Q2 PRICES
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries gained 0.87 percent month on month and closed at US$ 76.15 per mt as ...
Monday, 21 April 14
DRY BULK MARKET UPS AND - MOST RECENTLY - DOWNS OFFERS NO ROOM FOR RELAXING AMONG DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market's latest demise, with the market retrating once again, since the end of March, has come at a time, when most ship owners ...
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- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- White Energy Company Limited
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Australian Coal Association
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
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