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Wednesday, 06 June 12
INDONESIAN GOVERNMENT'S DECLARED COAL PRICES CONTINUING ITS DECLINE
 COALspot.com - Indonesian HBA fell to lowest level since January 2011 in June 2012. The monthly coal reference price for coal sales this month fell 5.36 percent, the lowest dropped in last 18 Months.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for June 2012 at US$ 96.65 per ton, US$ 5.47 lower than May 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 May 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 – 30 June 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 June 2012 HBA was 18.80 percent or $22.38 lower on Y-o-Y basis.
The price was only valid for the spot price (loading before 30 June 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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Sunday, 27 May 12
THE FREIGHT MARKET FROM INDONESIA TO INDIA WAS WEAK - VISTAAR
COALspot.com - The BDI continued to fall for the fourth straight week and the BDI fell by 9.38 pct this week closing at 1,034 points.
The Cape Si ...
Sunday, 27 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS HEADING TO SOUTH DIRECTION
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries have dropped this week by 5.43 percent an ...
Saturday, 26 May 12
DRY BULK SHIP OWNERS LOOKING TO CUT BACK ON TONNAGE SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of dry bulk carriers has been the most prominent problem in the market today, pushing down rates and ‘strangling’ profita ...
Thursday, 24 May 12
DRY BULK MARKET RETREATS ON LACK OF CHINA DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market retreated yesterday on the back of lower Chinese demand for commodities such as coal and iron ore, typically hauled by dry bulk ...
Tuesday, 22 May 12
NEW ONE-YEAR TIME CHARTERS FOR TWO VESSELS OF EXCEL MARITIME CARRIERS LTD.
Excel Maritime Carriers Ltd. (NYSE: EXM), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportat ...
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- White Energy Company Limited
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Parliament of New Zealand
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
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