Indonesia, the world largest coal exporter, shipped
33.476* mln mt of coal in November, which is slightly higher than its October
export.
Indonesia's coal exports to China have also slightly increased in November. Chinese's
utilities have imported more Indonesian coal than Indian Utilities imported
since April 2011. According to media reports, around 8 million tons of coal
still laying at Indian ports waiting for the consumers to evacuate from port.
Inspite of 8 million tons at India ports to be delivered to customers, India
was the second largest importer of Indonesian coal in November. Indonesia has
exported 6.59* million MT, which is around 66.41 percent higher than
October exports to India.
Coal spot-prices have dropped worldwide last week according to index
publishers. NEWCIndex which has published by GlobalCoal, which is also
benchmark price for Asian market closed lower at US$110.28 per ton for the week
of December 16 or down 1.1% compare to the previous week.
Meantime, RBIndex, which also published by GlobalCoal benchmark for South Asia
and West European markets also dropped to US$101.95 or 1.46% from US$ 103.47
seen in the previous week.
Indonesian coal price reference which is declared by the Government of
Indonesia has also dropped in December compared to November 2011. Indonesian
ministry of energy resources has set the December 2011 Coal Reference Price at
US$ 112.67/MT. As international coal indices are falling, the January
2012, Indonesian Coal Reference Price (HBA) is also expecting to fall
further.
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