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Monday, 07 May 12
INDONESIAN HBA FALL AGAIN IN MAY 2012
 COALspot.com - Indonesian HBA fall again to lowest level since January 2011 in May 2012. The monthly coal reference price for coal sales in May fell 3.30%, the lowest dropped in last 17 Months.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for May 2012 at US$ 102.12 per ton, US$ 3.49 lower than April 2012 Price.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the April 2012 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-1 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 May 2012.
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 2012 HBA was 13.17% or $15.49 lower on Y-o-Y basis.
The price was only valid for the spot price (loading before 31 May 2012), while as for term price (up to 12 months supplies), the average reference price (HPB) of the previous 3 months will be used to determine the selling price. (50% of latest available month HPB, 30% of one month prior HPB and 20% of two months 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 61 coal types with a quality similar to the coal price markers.
For sales in 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 revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
The Indonesian government is also expecting to introduce a coal export duty for coal in near future. According to officials, the proposal is in discussion among the high level officers to determine the percentage of duty. There will be two different types of duty could be introduced such as lower duty for higher calorific value coal and higher duty for unprocessed lower calorific value.
The government also has recently introduced export duty for unprocessed minerals but coal was missing in the recent regulation. Indonesian coal producers were asked to add value for their product such as washing, crashing, blending and upgrading to have a higher-value product prior to eye on the export market and avoid proposed export ban.
In coming months Indonesian coal industry can see number of new regulations.
Click here for complete details of Indonesian coal reference prices since January 2009.(cs)
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Wednesday, 11 April 12
DRY BULK MARKET STILL SUBDUED, RECOVERY NOT YET SEEN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market entered the new week after the past days of easter holidays in western countries in a subdued mood. The industry’s benchma ...
Monday, 09 April 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first week of April ended with the Baltic Dry Index falling below 950 points, before Catholic Easter, and capesizes showing a modest upturn with ...
Sunday, 08 April 12
CHARTER RATES COULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI was almost at same levels closing slightly lower by 0.64 pct at 928 points.
The Cape index was up by 6.73 pct closing at ...
Friday, 06 April 12
INDONESIAN HBA FALL TO LOWEST LEVEL SINCE JANUARY 2011
COALspot.com - Indonesian HBA fall to lowest level since January 2011 this month. The monthly coal reference price for coal sales in April fal ...
Friday, 06 April 12
DRY BULK MARKET SWIFT TO HALT FALL ON RENEWED DEMAND FOR CAPESIZES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk managed to put a stop to the recent falls, which came as a result of a lacklustre demand for smaller vessel sizes. Although this trend ...
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- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
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- The Treasury - Australian Government
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- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Indian Energy Exchange, India
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- Riau Bara Harum - Indonesia
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- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
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- Bharathi Cement Corporation - India
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- Commonwealth Bank - Australia
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- Aditya Birla Group - India
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- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Singapore Mercantile Exchange
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- Gujarat Electricity Regulatory Commission - India
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- Thai Mozambique Logistica
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- Eastern Coal Council - USA
- Planning Commission, India
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- AsiaOL BioFuels Corp., Philippines
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- Dalmia Cement Bharat India
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
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- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Mjunction Services Limited - India
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- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
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- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
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- Bhoruka Overseas - Indonesia
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- Orica Australia Pty. Ltd.
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- Essar Steel Hazira Ltd - India
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- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
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- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
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- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
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- IHS Mccloskey Coal Group - USA
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- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- The University of Queensland
- Energy Development Corp, Philippines
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- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
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- Sindya Power Generating Company Private Ltd
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- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Cement Manufacturers Association - India
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- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
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- Merrill Lynch Commodities Europe
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- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
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- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
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- Savvy Resources Ltd - HongKong
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- Posco Energy - South Korea
- CNBM International Corporation - China
- Minerals Council of Australia
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