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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as the reference price is now linked to global prices and the traditional discount applied to Indonesian coal is no longer applicable.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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Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
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- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
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- CNBM International Corporation - China
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- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
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- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
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- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
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- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
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- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
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- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
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- Africa Commodities Group - South Africa
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- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- White Energy Company Limited
- The University of Queensland
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- Wilmar Investment Holdings
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- Mintek Dendrill Indonesia
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- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
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- Makarim & Taira - Indonesia
- Central Electricity Authority - India
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- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Sical Logistics Limited - India
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- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
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- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
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- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- PTC India Limited - India
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- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
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