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Wednesday, 06 June 12
INDONESIAN GOVERNMENT'S DECLARED COAL PRICES CONTINUING ITS DECLINE
 COALspot.com - Indonesian HBA fell to lowest level since January 2011 in June 2012. The monthly coal reference price for coal sales this month fell 5.36 percent, the lowest dropped in last 18 Months.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for June 2012 at US$ 96.65 per ton, US$ 5.47 lower than May 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 May 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 – 30 June 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 June 2012 HBA was 18.80 percent or $22.38 lower on Y-o-Y basis.
The price was only valid for the spot price (loading before 30 June 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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Thursday, 09 November 23
GREEK AND CHINESE COMPANIES OWN 34% OF THE GLOBAL FLEET’S CARGO CAPACITY - BIMCO
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships ...
Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG sh ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
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- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Planning Commission, India
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Siam City Cement - Thailand
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
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