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Saturday, 11 August 12
INDONESIAN COAL REFERENCE PRICE HAS LOST 27.78 PERCENT YOY
 COALspot.com - Indonesian HBA fell again in August.
The monthly coal reference price for coal sales this month fell 3.32 percent. HBA fell to lowest level since September 2010. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for August 2012 at US$ 84.65 per ton, US$ 2.91 lower than July 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 – 31 August 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 August 2012 HBA was 27.78 percent or $ 32.56 lower Y-o-Y basis.
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The price was only valid for the spot price (loading on or before 31 August 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 been revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
The government has recently introduced export duty for unprocessed minerals but coal was missing in the recent regulation. According to Mining law 04/2009, the coal producers of Indonesia were asked to add value for their product such as washing, crushing, blending and upgrading to have a higher-value product prior to eye on the export market and avoid proposed export ban.
Coal traders must hold IUP OPK to sell or buy coal in Indonesia. Coal traders are requested to obtain IUP OPK from mining department to sell or buy coal in Indonesia as well as to export to overseas market.
Click here for complete Indonesian coal reference prices since January 2009.(cs)
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Tuesday, 06 November 12
NOVEMBER 2012 HBA $35.21 LOWER THAN A YEAR AGO
COALspot.com - The Indonesian government’s declared coal reference price for November’ 12 has lost US$ 4.60 per MT M-o-M.
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Sunday, 04 November 12
SUB-BIT INDONESIA COAL SWAPS FOR DECEMBER' 12 DELIVERY FALLS TO $ 59.78
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery fell -1.02 percent on WoW but gained 0.08 percent on D-D on Friday, 2 ...
Saturday, 03 November 12
THE SUPRAMAX FREIGHT EXPECTED TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - This week the market remained soft with all the sectors soft.
The BDI and was down by 6 pct closing at 986 points. The cape index ...
Saturday, 03 November 12
DEMOLITION IS THE KEY FOR DRY BULK SHIPPING'S RECOVERY SAYS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With the number of new building deliveries so far in 2012 already having surpassed the total of 2011, it's more than clear that the dry bulk sector ...
Thursday, 01 November 12
INDONESIA HAS REVISED DOWN ITS 2012 DOMESTIC MARKET OBLIGATION REQUIREMENT FOR COAL
COALspot.com - Minister of Energy and Mineral Resources of Indonesia has revised down its 2012 domestic market obligation requirement due to lower d ...
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- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Trasteel International SA, Italy
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- Altura Mining Limited, Indonesia
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- Eastern Coal Council - USA
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- Indian Oil Corporation Limited
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- Savvy Resources Ltd - HongKong
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- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
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- White Energy Company Limited
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- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
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- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
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- CIMB Investment Bank - Malaysia
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- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Australian Coal Association
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- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
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- Videocon Industries ltd - India
- Georgia Ports Authority, United States
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- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
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- SMG Consultants - Indonesia
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- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
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- Thai Mozambique Logistica
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- The Treasury - Australian Government
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- Meralco Power Generation, Philippines
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- Ministry of Mines - Canada
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- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
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- Anglo American - United Kingdom
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- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
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- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
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- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
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- Attock Cement Pakistan Limited
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- Global Green Power PLC Corporation, Philippines
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- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
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- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
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- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
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- Planning Commission, India
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- Merrill Lynch Commodities Europe
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- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
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- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
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- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
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