We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 03 November 14
INDONESIAN'S COAL EXPORTS JUMP IN SEPTEMBER
 COALspot.com: Indonesia, one of the world's largest coal producers and the global leading multi grade coal exporter shipped around $1.50 * billion worth of coal in September 2014. According to our sources, the average export price of coal in September 2014 was around US$ 51.52* per mt. The average selling price in September was decreased by US$ 2.11 per MT from August 2014.
Country's September 2014 export volume up 4.81%* compared Indonesia's August 2014 export volume.
Indonesia shipped around 29.36* million tons of coal in September 2014, around 4.81%* per cent higher compared to country's August 2014 exports of 28.01* million tons.
According to information that we obtained from various sources, China, the world’s largest coal producer and the net importer of coal has imported just around 5.07* million tons of Indonesian coal in September 2014 or around 9.30%* lower than its August coal imports from Indonesia.
India's coal imports from Indonesian in September increased by 14.87%* to 10.35* million tons compared to its August 2014 imports. Indonesia shipped around 9.01* million tons of coal in August 2014 to India.
According to Indonesian coal exports statistics, India is a leading importer of Indonesian coal for past few months.
India & China
India and China are the major Indonesian coal importers for last few years and Indonesian coal outputs, almost depends on Chinese and Indian imports. India is the major buyer of Indonesian medium to low calorific value coal while China buys medium to higher value coal from Indonesia.
Indian utilities particularly state owned power producers 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 are higher compare to other origins of high grade coal prices.
According to information that we obtained from the market participants show that, the Indonesian high calorific value coal's FOB prices were reached above US$ 82 to 88.50 per Mt in September 2014. In the meantime, the most of the high moisture coal was sold around mid to low twenties and most of low calorific value coal been exported to India.
Around 52.54%* (52.12%* in August) of total Indonesian coal exports in September shipped to India and China.
Indonesia shipped 14.87%* more coal to India in September 2014 compared to country's August exports of 9.01* million tons. Indonesia's exports mostly low calorific value coal to India. Indian buyers used to buy below 5000 GAR coal particularly 4200 coal from Indonesia, which is according to them more economically benefited and attractive compare to high GCV coal such as above 6000 GAR coal.
International markets have traditionally been the principle destination for Indonesian thermal coal, with around 78.88%* (80.87%* in July 2014) of the county's total thermal coal exports in September 2014 shipped to India, China, South Korea, Japan & Taiwan.
Indonesia shipped 5.07* & 5.59* million tons of coal to China in September & August 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 October 2014 delivery was 3.49% lower than September 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 October 2014 lost US$ 2.43 per mt month on month and US$ 9.35 pmt year on year (October 2013).
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for October 2014 delivery at US$ 67.26 per ton (basis 6322 GAR coal), which was 3.49% lower than September 2014 price and 12.20% 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 trade ministry has also issued a new regulation on shipments requiring miners to register themselves as exporters and obtain ET-Batubara at the trade ministry. The government also planning to allow coal shipments through selected or approved ports. Media reports say that, the government has already identified the ports that to be used to export coal.
ET-Batubara requirement was implemented from 1 October 2014 for all type of coal exporters. The Government hopes 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.
Domestic coal requirement is also expected to reach around 95.5 million tons in 2014 compared to around 65 million tons in 2013. 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 only produce around 421 million mt of coal in 2014 or the same volume that produced in 2013.
Chinese restrictions on use of low quality coal
As part of Chinese environmental policy, the Chinese government announced a plan to restrict the use of low quality coal domestically.
According to Wood Mackenzie there is still considerable uncertainty about how the quality restrictions will be applied. “At face value they would apply to a large portion of total Chinese import demand however if not applied to power utility consumption then the impact will be far less significant,” said Wood Mackenzie recently.
Wood Mackenzie further noted that, the quality restrictions apply to both imported and domestic coal and therefore will increase demand for imported coal because imported coal is generally lower ash and sulphur than domestic coal.
Wood Mackenzie is in opinion that, Indonesian exports are generally low sulphur and ash and consequently will stand to benefit from the ban.
Not all imported coal would satisfy the 16% ash and 1% sulphur limits including approximately 80% of Australian high ash exports to China. Australian exporters would be able change the processing of the coal to meet the 16% ash limit however the associated increase in cost would threaten the economics of these exports, Wood Mackenzie was concluded.
Cancellation of 214 coal blocks by Indian Supreme Court
Recently, Indian Supreme Court scrapped 214 of 218 coal mining licenses awarded from 1993-2010 after finding they had been awarded illegally. 46 coal blocks out of cancelled 214 coal blocks - where some work had begun ahead of actual mining - had been given six months to wind down their operations.
According to Reuters, India's annual coal imports could jump by as much as a third to more than 200 million tonnes for the next few years as a result of a court ruling this week that will halt mining of the resource by most private companies from next year.
The Chinese government's announcement to restrict the use of low quality coal domestically by next year, the cancelation of 214 coal mining licenses by Indian Supreme Court and the trade ministry of Indonesia's new regulation on coal exports requiring miners to register themselves as exporters and obtain ET-Batubara is expected to push the prices upward as the demand for coal is expected to increase compared to supply volume due to those new regulations and orders.
Indonesian DGoMC also revoked 40 C&C certificates on 14 October 2014.
**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.
|
|
Saturday, 27 September 14
MORE COAL MINERS AGREE TO AMEND CONTRACTS - THE JAKARTA POST
The Energy and Mineral Resources Ministry is in a rush to beat a deadline for the conclusion of numerous memorandums of understanding (MoUs) with t ...
Friday, 26 September 14
INDIA SUPREME COURT RULING TO HIT STEEL, UTILITY EARNINGS, SAYS FITCH
COALspot.com: The 24 September Supreme Court of India (SCI) decision to cancel almost every coal block allocation since 1993 will have a negative f ...
Friday, 26 September 14
U.S WEEKLY COAL PRODUCTION FELL 1.8% WEEK OVER WEEK, SAYS EIA
COALspot.com – United States the world's one of largest coal producers, produced approximately 18.80 million short tons (mmst) of c ...
Friday, 26 September 14
ORACLE SIGNS EPC FRAMEWORK AGREEMENT WITH SEPCO FOR COAL MINE AND POWER PLANT IN PAKISTAN
COALspot.com: Oracle Coalfields PLC, the UK developer of a lignite coal mine and power plant in the south-eastern Sindh Province, Pakistan, has ann ...
Friday, 26 September 14
NEWCASTLMAXES ARE THE MOST SOUGHT AFTER VESSELS BY SHIP OWNERS TODAY SAYS VESSELS VALUE
KNOWLEDGE TO ELEVATE
Determining a ship’s fair value can be a very tricky business, especially when you’re the one paying. As such ...
|
|
|
Showing 3466 to 3470 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Australian Coal Association
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- The University of Queensland
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
|
| |
| |
|
