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Monday, 09 May 11
INDONESIA HBA FALL BELOW $118
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the May 2011 Indonesian Coal Reference Price for thermal coal at US$ 117.61 per ton, which was 3.61 percent lesser than April 2011 price of US$ 122.02.
The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term contracts. The May HBA was 27.73 percent higher Y-o-Y.
Coal reference price (HBA), the price has calculated based on a monthly average (previous month) of the Indonesia Coal price Index (ICI-1), Platts-1, Newcastle Export Index (NEX) and the New Castle Global Coal Index (GC) from the previous month.
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%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 31 May 2011.
Any deliver of cargo after 31 May, must be used June 2011 HPB unless the deliveries fall under term contract.
Director General Mineral and Coal have declared today coal reference price for May 2011. The declared HBA was at US$ 117.61 per ton FOB vessel a marginal drop of US$ 4.41 per ton or down 3.61 percent compared with April 2011 Coal reference price. Government has taken around nine days to release this month HBA.
The declared ICRP for this month was dropped by US$ 0.41 per mt and it was the third continues drop since March 2011.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are act as benchmark and used to calculate other 52 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transhipment 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.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Wednesday, 15 July 20
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Monday, 13 July 20
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- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
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- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
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- Banpu Public Company Limited - Thailand
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- White Energy Company Limited
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- Indian Oil Corporation Limited
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- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Mjunction Services Limited - India
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- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
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- Romanian Commodities Exchange
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- ICICI Bank Limited - India
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- Chamber of Mines of South Africa
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- Heidelberg Cement - Germany
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- Semirara Mining Corp, Philippines
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- Meenaskhi Energy Private Limited - India
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- Wilmar Investment Holdings
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- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
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- Bayan Resources Tbk. - Indonesia
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- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
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- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
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- Edison Trading Spa - Italy
- Interocean Group of Companies - India
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- Singapore Mercantile Exchange
- Ministry of Mines - Canada
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- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
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- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
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- Tamil Nadu electricity Board
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