Indonesia Shipped 8.73 % More Coal In October Than A Month Earlier
Indonesia Steam Coal
Indonesia, the world largest coal exporter, shipped 23.55 mln mt of coal in October 2010, which is 8.73 percent more compared to September exports of 21.66 million tons.
Exports to China
Indonesia’s coal exports to china have increased by 8 percent in October. China once again or as usual become the largest importer of Indonesian coal in October 10. China has imported 5.422 million tons of Indonesian coal, and china’s September imports were 5.02 million tons. Chinese’s utilities have imported more Indonesian coal than Indian Utilities since last year.India Imports
India was the second largest importer of Indonesian coal in October. Indonesia has exported 4,289,843 MT of coal to India in October or 10.44 percent higher than its September exports. 41.23 percent of total Indonesian coal exports in October goes to China and India. Coal demand from India and China drastically increasing for Indonesian coal since two years back.
NTPC India to import 12 mln ton
India’s State Trading Corp Ltd a public sector of Govt. of India is recently out for 12 million tones of imported coal for NTPC. According to one of the international major coal player, the major quantity for NTPC against recent tender may come from Indonesia. According to our sources in India, STC on behalf of NTPC has received five offers on 12 November from International coal traders. Adani Global Pte Singapore, Ghoomez General Trading, Dubai, Coastal Energy Private Limited, India, Knowledge Infra, India and Bhatia Intl have submitted their respective coal offers to STC to supply 12 mln tons of imported coal for the period of 12 months starting from January 2011. The entire process of awarding coal supply contract to successful bidder is expecting to complete within next ten to fifteen days.
“Indonesian producers are now offering higher price for Q1 2011 supplies” said a buyer of Indonesian coal. 5200 GAR calorific value coal being offered around US$ 82/ MT for early next year supplies and other type of coal is being offered higher than current market price. Indonesian coal price reference which is declaring by government of Indonesia has increased 4.13 percent in November.
Around 95 percent of total exported Indonesian coal in October goes to China, India, South Korea Japan, Taiwan, Thailand, Malaysia Philippines, Italy and Hong Kong. Indonesia is expected to ship more coal in 2010 compared to its exports of around 230 million tons in 2009. Indonesia has already shipped around 209.371 million tons of coal during first 9 months of this year.
One of the coal producer in Indonesia said, “Indian & Chinese buyers are still dominating Indoensian coal market, the trend will continue as the demand from India & China is continuing high”. Indian buyer are prefer to buy coal based on FOB Indonesia basis where’s majority of Chinese buyers are looking for CIF China basis.
Coal Mine Investment
More than two dozens of Indian companies have already Invested in coal mines in Indonesia to secure fuel supplies to their respective plants on the long term basis and around five to ten companies have already in operation stage.
Indonesian government is also strictly monitoring the contracted price between sellers and buyers of Indonesian coal to avoid price transferring. Indonesian suppliers were required by law to obtain governments approval prior to sign any term contract with their buyers.
The coal export information within this article is provided by CENSIN.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. CENSIN.com shall be obliged if errors / omissions are brought to its notice for carrying out corrections in this article.
