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Wednesday, 12 June 13
INDONESIAN COAL PRICE REFERENCE SLIDES TO 2013 LOW
 COALspot.com - Indonesian Coal Price Reference continues to take its lumps this month, dropping about 0.54 % and hitting a 2013 low. The Indonesian government’s declared coal bench mark price has lost marginally (US$ 0.46 / MT) in June 2013.
The monthly coal price reference for coal sales in June 2013 lost just 0.54 per cent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for June 2013 at US$ 84.87 per ton, US cents 46 lower than May 2013 bench mark Price.
HBA is on a rising trend since November 2012, but lost its way to reach US$ 100/ MT since April.
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 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 June 2013.
The government of Indonesia has been publishing a monthly coal price reference (HBA & HPB) since January 2009 to be used by coal producers for all spot and term contracts. However, the full implementation of HBA has commenced since September 2011.
The June 2013 HBA is 12.19 per cent or $ 11.78 lower Y-o-Y basis.
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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 30 June 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 transhipment 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. Transhipment cost US$ 4.00/MT + Surveyor cost US$ 0.25/MT + Insurance 0.80% per shipment + Barging cost (for < 270 footer - (US$ 0.0221 X barging distance) + US$ 3.7406, for 270 - 330 footer - (US$ 0.0184 X barging distance) + US$ 3.1172 and > 330 footer - (US$ 0.0154 X barging distance) + US$ 2.6002.
The coal price reference is been established to fulfil the requirement of mining law 04/2009 and ministerial decree No.17/2010. In addition to that, it is aims to increase government revenue from royalties from coal producers.
The current coal market is not showing any upward trend in near future. According to Maureen Natasha of PT. Danareksa Sekuritas, the outlook for coal mining in Indonesia will remain challenging, given the currently depressed coal prices (down 5% average YTD) and persistent global economic headwinds. China and India combined account for more than 30% of the world’s seaborne import volume. Their dominance is expected to continue with potential growth seen in India.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Thursday, 10 September 20
U.S. COAL PRODUCTION IN 2020 TO BE 511 MMST, 28 PER CENT LOWER THAN IN 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 511 million short tons (MMst), 194 MMst (28%) lower than in 2019. Mitigation efforts related t ...
Thursday, 10 September 20
DRY BULK SHIPPING: CHINA'S DEMAND KEEPING THE DRY BULK MARKET GOING - PETER SAND | BIMCO
Overview
An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the wo ...
Thursday, 10 September 20
TANKER SHIPPING: FREIGHT RATES BACK AT LOSS-MAKING LEVELS AFTER 12 VERY PROFITABLE MONTHS - BIMCO
Overview
A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil product ...
Thursday, 10 September 20
INDIA'S COAL IMPORTS STUMBLE IN AUGUST, RAISING RISK OF SLOW RECOVERY - REFINITIV | BANCHERO COSTA
After posting a mild recovery in July, India's coal imports have stumbled in August as the South Asian nation battles to restart it ...
Thursday, 10 September 20
THE FIRST 8 MONTHS OF 2020, INDONESIA EXPORTED 217.4 MLN TONNES OF COAL BASED ON REFINITIV - BANCHERO COSTA
The coal market has been hit by a weaker global economy as a result of COVID-19 pandemic and falling industrial electricity demand ...
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- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Planning Commission, India
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Indika Energy - Indonesia
- London Commodity Brokers - England
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Deloitte Consulting - India
- The University of Queensland
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
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