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Sunday, 07 October 12
INDONESIAN GOVERNMENT DECLARED HBA FELL AGAIN IN OCTOBER
COALspot.com - The Indonesian government’s declared coal reference price has lost US$ 0.17 per MT M-M.
The monthly coal reference price for coal sales this month lost 0.20 percent from last month.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for October 2012 loading at US$ 86.04 per ton, 0.20 % lower than September 2012 Price.
The reference price is to be used by coal producers and suppliers for all future 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-1, 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.
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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 October 2012.
The mining law 04/2009 and latest ministerial decree 17/2010 require a coal reference price to be established. The aim is to increase government revenue from coal royalties. The government of Indonesia has been publishing a monthly coal reference price (HBA and HPB) since January 2009, the full implementation of HBA has started only since September 2011. The HBA is changing the cost dynamic for foreign investors and international purchases as the reference price is now linked to global prices and the traditional discount applied to Indonesian coal is no longer applicable.
The October 2012 HBA is 33.20 percent or $ 27.84 lower Y-Y basis.
The price was only valid for the spot price (loading on or before 30 October 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.
According to industry, all existing coal supply agreements with Indonesian coal mining companies have been revised to comply with new coal pricing regulation, which was fully implemented since 23 September 2011.
“The patterns observed in the differentials suggest that when benchmark coal prices were trading well above $100/t, price-sensitive Asian buyers such as China and India turned increasingly to lower-priced, low-CV coal. As supply availability improved of the benchmark grades, these began to increasingly compete for market share against the low-CV coal. With low CV coal having seen demand stay buoyant, those prices fell slower as the benchmarks chased the market downwards. Eventually, benchmark grade coals became competitive against the lower-CV volumes and demand started to shift back towards those grades. As the low-CV coals started to lose market share, those prices then fell through the summer months and started to push the spread back upwards, “ as reported by Barclays on its Coal and Freight Quarterly report which was released late last month.
Click here for complete 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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- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- White Energy Company Limited
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- The University of Queensland
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Minerals Council of Australia
- PTC India Limited - India
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
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