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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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Sunday, 30 March 14
FREIGHTS FROM INDONESIA TO INDIA IS EXPECTED TO BE SOFT NEXT WEEK - REDDY
COALspot.com: The freight market dropped drastically and all sectors were affected severely.
The BDI was down by 14.13 pct and closed at 1, ...
Friday, 28 March 14
US PRODUCED APPROXIMATELY 18.9 MMST IN A WEEK - EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 18.9 million short tons (mmst) of coal i ...
Friday, 28 March 14
CHINA'S ENVIRONMENTAL MEASURES WILL NOT CURB GROWTH IN DOMESTIC STEEL PRODUCTION AND SEABORNE IRON ORE - WOOD MACKENZIE SAYS
Steel plants in China have been targeted as a major source of the toxic smog enveloping Beijing and Shanghai. Emergency measures have been impos ...
Thursday, 27 March 14
PANAMAX : SEEMS TO HEAD FURTHER DOWN; CAPESIZE : ANOTHER CHOPPY AND UNPREDICTABLE WEEK - FEARNLEYS AS
Handy
A weaker sentiment for the smaller size as well, with reduced activity in the Atlantic where Owners have to face significantly lower ret ...
Wednesday, 26 March 14
NEWBUILDING ORDERING ACTIVITY PICKS UP PACE ON IMPROVING DRY BULK MARKET CONDITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The gradual improvement of the dry bulk market, as expected for some time now, is urging shipowners to increase their newbuilding ordering activ ...
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- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Planning Commission, India
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- The University of Queensland
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Australian Coal Association
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
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