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Monday, 07 May 12
INDONESIAN HBA FALL AGAIN IN MAY 2012
 COALspot.com - Indonesian HBA fall again to lowest level since January 2011 in May 2012. The monthly coal reference price for coal sales in May fell 3.30%, the lowest dropped in last 17 Months.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for May 2012 at US$ 102.12 per ton, US$ 3.49 lower than April 2012 Price.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the April 2012 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-1 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25%.
Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8% (arb), Ash Content 15 % (arb) and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 31 May 2012.
The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since January 2009 to be used by coal producers for all spot and term contracts. However the full implementation of HBA has started only since September 2011.
The May 2012 HBA was 13.17% or $15.49 lower on Y-o-Y basis.
The price was only valid for the spot price (loading before 31 May 2012), while as for term price (up to 12 months supplies), the average reference price (HPB) of the previous 3 months will be used to determine the selling price. (50% of latest available month HPB, 30% of one month prior HPB and 20% of two months prior HPB).
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are acted as the benchmark and used to calculate other 61 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers. According to industry, all existing coal supply agreements with Indonesian coal mining companies have revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
The Indonesian government is also expecting to introduce a coal export duty for coal in near future. According to officials, the proposal is in discussion among the high level officers to determine the percentage of duty. There will be two different types of duty could be introduced such as lower duty for higher calorific value coal and higher duty for unprocessed lower calorific value.
The government also has recently introduced export duty for unprocessed minerals but coal was missing in the recent regulation. Indonesian coal producers were asked to add value for their product such as washing, crashing, blending and upgrading to have a higher-value product prior to eye on the export market and avoid proposed export ban.
In coming months Indonesian coal industry can see number of new regulations.
Click here for complete details of Indonesian coal reference prices since January 2009.(cs)
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Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
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- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Siam City Cement - Thailand
- PTC India Limited - India
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
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- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
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- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- VISA Power Limited - India
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- White Energy Company Limited
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Indian Energy Exchange, India
- SMC Global Power, Philippines
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