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Monday, 06 May 13
INDONESIAN COAL PRICE REFERENCE FALLS CONTINUE
 COALspot.com - The Indonesian government’s declared coal bench mark price has lost $ 3.23 / MT in May 2013.
The monthly coal price reference for coal sales in May 2013 lost 3.65 percent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for May 2013 at US$ 85.33 per ton, US$ 3.23 lower than April 2013 bench mark Price.
HBA is on a rising trend since November 2012, but lost its way to reach US$ 100/ MT since last month.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the March 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 – 30 April 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 May 2013 HBA is 16.44 percent or $ 16.79 lower Y-o-Y basis.
February 2011 declared HBA was the highest since the launching of HBA by government of Indonesia (US$ 127.05 / MT) but lowest was declared in May 2009 (US$ 62.83/ MT).
The price was only valid for the spot price (loading on or before 31 May 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 price marker 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 63 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. Government has recently issued a regulation (644.K/30/DJB/2013 dated 21 March 2013) to regulate or determine coal prices on FOB barge. Government also fixed the freight for barging, surveyor, insurance and etc.. to determine FOB barge price.
The coal price reference, 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.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- GMR Energy Limited - India
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
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