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Monday, 05 December 11
THE DECEMBER HBA FELL 11% FROM ITS PEAK AT US$127.05 PER TON IN FEBRUARY 2011
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has sets the December 2011 coal reference price at US$ 112.67 per ton US$ 3.98 or 3.4% percent lower than November 2011 price.The November's HBA was at US$ 116.65 per mt.
The Indonesian coal reference price, also known as the HBA, for December has fallen for the second consecutive month to US$112.67 /t, from US$119.24/t in October.
The HBA is the minimum price used for the calculation of taxes for producers pay for all future exports and domestic coal sales. It is calculated using a basket of indices, including the price is a monthly average of the Indonesia Coal price Index (ICI-1), Platts-1, Newcastle Export Index and the globalCOAL Index from the previous month.
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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 0.80%, Ash Content 15.00% and delivery free on Board (FOB) Vessel supply between 1 – 31 December 2011.
Eight brands of Indonesian coal which are most commonly traded in the market. The price marker is used to calculate other coal types with a quality similar to the coal price markers. For spot sales of 11-month or below 11-month supplies, will use coal price reference from the month of loading or B/L date.
For term contracts, the average of coal price reference for the last three months (from the month of price conclusion) is used to set coal prices for a one-year contract. Supplies are limited to a maximum of 12 months.
For sales in the barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
To see the histry of HBA, click here
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Monday, 07 November 11
CHINA'S COAL IMPORTS STEAM AHEAD
Chinese seaborne coal imports have grown greatly in recent years, up from 39.2mt in 2008 to 167.7mt in 2010, with the result that China became a net ...
Saturday, 05 November 11
DEMAND SLUMP THREATENS MORE PAIN FOR BULK VESSELS - VISTAAR
COALspot.com - The market continued to fall with BDI dropping below 2,000 points by around 10 pct and closing at 1817 points. The cape index also co ...
Saturday, 05 November 11
BERAU STARTS TO EXPLORE BINUNGAN SITE - INSIDER STORIES
Insider Stories reported that, coal miner PT Berau Coal, a 90% owned subsidiary of PT Berau Coal Energy Tbk (BRAU), is busy to hold exploration in B ...
Friday, 04 November 11
INDIAN IRON ORE MARKET REMAINS DEAD - FEARNLEYS
Handy
The Atlantic market kept its strong position from last week. Even with fewer fixtures reported. Fronthauls still around 25k, wit ...
Thursday, 03 November 11
DRY BULK MARKET OFFICIALLY IN THE RED ON LOWER CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept falling yesterday, on lower iron ore demand, which has caused the industry’s benchmark, the BDI (Baltic Dry Index) to ...
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- Bhushan Steel Limited - India
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- Singapore Mercantile Exchange
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- Petron Corporation, Philippines
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- Sical Logistics Limited - India
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- Central Java Power - Indonesia
- Edison Trading Spa - Italy
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- IHS Mccloskey Coal Group - USA
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- Renaissance Capital - South Africa
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- Straits Asia Resources Limited - Singapore
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- Parliament of New Zealand
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- Power Finance Corporation Ltd., India
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- Marubeni Corporation - India
- The University of Queensland
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- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
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- Sindya Power Generating Company Private Ltd
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- Minerals Council of Australia
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- Standard Chartered Bank - UAE
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- Anglo American - United Kingdom
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- TNB Fuel Sdn Bhd - Malaysia
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- Bulk Trading Sa - Switzerland
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- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
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- Directorate General of MIneral and Coal - Indonesia
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- Directorate Of Revenue Intelligence - India
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- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
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- Economic Council, Georgia
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- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
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- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
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- Thiess Contractors Indonesia
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- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Posco Energy - South Korea
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
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