We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 25 June 14
INDONESIAN COAL EXPORTS ON RISE; EARNINGS FALL ON LOWER SELLING PRICES
 COALspot.com: Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.84* billion worth of coal in May 2014. According to our sources, the average export price of coal in May 2014 was around US$ 52.14* per mt. The average selling prices was unchanged from April 2014.
In the meantime, April 2014 average selling price of coal was around 4.2% lower than March 2014 average selling price. Country's May 2014 export volume up 2.19% compared Indonesia's April 2014 exported volume.
Indonesia shipped around 35.32* million tons of coal in May 2014, around 2.19% per cent higher compared to country's April 2014 exports of 34.56* 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 8.70* million tons of coal in March 2014 or around 1.47%* lower than its April coal imports from Indonesia.
In the meantime, India's coal imports from Indonesian in May increased by 5.11 percent to 12.32* million tons compared to its April 2014. Indonesia shipped around 11.72* million tons of coal in April 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 until February 2014, but lost to India since March 2014.
India and China are the Major Indonesian coal importers for last few years and Indonesian coal out puts, 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 mid to low twenties. In the meantime, Indonesian high value coal, such as 6000 GAR and above coal prices stood at high eighties. Japan & South Korea are the major buyers of Indonesian high calorific value coal. Due to freight advantages, the Indonesian higher value coal prices were high compare to other origins of high grade coal prices.
According to information that we obtained from the market shows that, the Indonesian high calorific value coal's FOB prices were reached above US$ 78 to 85 per Mt in May 2014. The price of high calorific value coal prices lost slightly compared to April average selling prices. In the meantime most of the very high moisture coal was sold around mid to low twenties levels.
Indonesian coal prices were showing a weak trend this week and according to COALspot.com’s weekly coal assessment the prices for 5800 GAR coal being offered around US$ 69.00 per MT. However the bids from buyers were only around US$ 66.00 – 66.25 per MT. The 5000 GAR coal being offered around US$ 55 level against bids of US$ 53.00 – 53.50 levels.
Around 59.52%* (65.24%* in April) of total Indonesian coal exports in May shipped to India and China.
Indonesia shipped 5.11 per cent more coal to India in May 2014 compared to country's April exports of 11.72* 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 83.49%* (83.42%* in April 2014) of the county's total thermal coal exports in May 2014 shipped to India, China, South Korea, Japan & Taiwan.
Indonesia shipped 8.70* & 8.83* million tons of coal to China in May & April 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.
Global coal price forecasts
Credit Suisse Group AG recently cut its price forecast for European thermal coal. The bank lowered its third-quarter price outlook for Australian and European coal by 6.3 percent to $75 a metric ton, and cut its fourth-quarter forecast by 12 percent to $75. Supply is expected to outweigh demand in the seaborne market through at least 2015, Marcus Garvey, an analyst at the bank, as quoted by Bloomberg.
“We expect a structural downtrend in coal demand to reduce imports by a compound annual growth rate of 6 percent through 2017,” London-based Garvey said in the report. “Plant closures resulting from the Large Combustion Plant Directive and competition from renewable capacity will also continue to weigh,” says Bloomberg’s report.
In the meantime, Credit Suisse forecasts the annual rate of increase in Chinese coal demand is forecast to drop to 1.7 percent in 2014 from 5.8 percent in 2013 and 31 percent in 2012 and Coal-fired power may account for almost 80 percent of total generation this year, compared with more than 80 percent in both 2011 and 2012, as quoted by Bloomberg.
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 June 2014 delivery was slightly higher than May 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 June 2014 rose marginally or 0.05% per cent month on month and falls13.23% year on year (June 2013).
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for June 2014 delivery at US$ 73.64 per ton (basis 6322 GAR coal), which was US cents 4 higher than May 2014 price and US$ 11.23 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 for IUP holders as well as to introduce an export duty for coal.
The government also to impose new rules on shipments requiring miners to register themselves as exporters at the trade ministry and coal shipments will only be allowed through selected or approved ports. Government hops that; this restriction will help authorities to implement better monitoring system to eliminate illegal mining. According to media reports around 50 million tons coal being exported without clear approvals or licenses from relevant departments and which is causing losses to country in terms of taxes as well as royalties. Currently Indonesia is having hundred of barge loading ports and anchorage loading point to support coal loading in South, East and North Kalimantan as well as Sumatera Island.
The government has already identified the coal ports in Sumatera and Kalimantan. Domestic coal requirement is also expected to reach around 95.5 million tons in 2014 compared to around 65 million tons in 65 million. Indonesian Coal Industry executives are in the opinion that, increase of domestic requirements for coal this year and implementation of tough regulations and rules on coal exports will help to push the coal prices upwards.
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 26 June 14
COAL DIVESTMENT CAMPAIGNS COME WITH RISKY UNINTENDED CONSEQUENCES - WCA
Last week I presented to the Expert Group on investments in coal and petroleum companies, the body set up to advise the Norwegian Government on whe ...
Wednesday, 25 June 14
THE PANAMAX MARKET REACHED FRESH LOWS FOR THE YEAR, SAYS INTERMODAL
COALspot.com: The Dry Bulk market closed off the week noting a slight decrease, but this image of stability is merely representative of freight rat ...
Wednesday, 25 June 14
SHIPPING: MARKET INSIGHT - YANNIS OLZIERSKY
During his recent visit in London, China's Premier, Li Keqiang, announced that China's economy, the world's second largest after the US ...
Tuesday, 24 June 14
INDONESIAN COAL MINER TARGETS RP 313 BILLION IPO
COALspot.com: Indonesian coal miner PT Mitrabara Adiperdana is aiming to raise up to Rp 313 billion to Rp 368 billion (approximately $26.133 millio ...
Monday, 23 June 14
INDONESIAN COAL SWAP FOR Q3 DELIVERY LOST 8.60% Y-O-Y;4.80% M-O-M
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...
|
|
|
Showing 3641 to 3645 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- White Energy Company Limited
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Minerals Council of Australia
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- The University of Queensland
- Mintek Dendrill Indonesia
|
| |
| |
|
