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Friday, 08 March 13
INDONESIAN HBA UP FOR FIVE CONSECUTIVE MONTHS
 COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in March 2013.
The monthly coal reference price for coal sales in March 2013 gained 1.97 percent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for March 2013 at US$ 90.09 per ton, US$ 1.74 higher than February 2013 bench mark Price.
HBA is on a rising trend since November 2012. The government of Indonesia had expected the Indonesia coal reference price (HBA) to reach over US$100 per ton this year. If HBA continues its journey on this trend, then, it will reach government prediction within the end 2nd quarter 2013.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the February 2013 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-5900 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 March 2013.
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 March 2013 HBA is 20.18 percent or $ 22.78 lower Y-o-Y basis.
The price was only valid for the spot price (loading on or before 31 March 2013), while as for term price (up to 12 months supplies), the average reference price (HPB) of the previous three months will be used to determine the selling price. (50% of the latest available month HPB, 30% of one month prior HPB and 20% of two-month 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 62 coal types with a quality similar to the coal price markers.
For sales in the 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 been revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
Click here for complete Indonesian coal reference prices since January 2009.(cs)
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Friday, 23 February 24
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Monday, 19 February 24
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- White Energy Company Limited
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
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