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Friday, 07 September 12
HBA GAINS $ 1.56 PER MT IN SEPTEMBER
 COALspot.com - The Indonesian government’s declared coal reference price has gained US$ 1.56 per MT M-o-M. This is the first gain since March 2012.
The monthly coal reference price for coal sales this month gain 1.84 percent from last month. August HBA was the lowest since September 2010, but September HBA took a "U" turn on positive direction. However this gain is really going to reflect the current market or going to improve the cuurent conditions of miners is subject to debatable. Coal producers are struggling to manage their coal mines due to low demand and price. The current high International oil prices are pushing production cost upward, however in the meantime, buyers are looking for lower coal prices.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for September 2012 loading at US$ 86.21 per ton, 1.84% higher than August 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 August 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 September 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 September 2012 HBA was 25.85 percent or $ 30.05 lower Y-o-Y basis.
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The price was only valid for the spot price (loading on or before 30 September 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 within 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, 14 August 12
UNCERTAIN FUTURE FOR DRY BULK PANAMAX SHIPS - DREWRY / HELLENIC SHIPPING
The dry bulk shipping market is in a poor state, with the Capesize segment the worst of all. Unfortunately, the latest analysis from Drewry Maritime ...
Monday, 13 August 12
5TH VIETNAM PORTS AND LOGISTICS 2012
Press Release - Co-hosted by VINAMARINE, the 5th Vietnam Ports and Logistics2012 will feature dedicated sessions on port and transport infrastructur ...
Monday, 13 August 12
ACTIVE DRY BULK FLEET INCREASES BY 8% SO FAR IN 2012 IN TERMS OF TONNAGE CAPACITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It’s no wonder that the dry bulk market has been tethering since the start of the year. the overflow of tonnage has been so enormous, that eve ...
Sunday, 12 August 12
COAL FREIGHT RATES FALL FLAT TO SOFT ON OVERSUPPLY, WEAK DEMAND - VISTAAR SINGAPROE
COALspot.com - The BDI continued its fall 10th August.
This week all segments were down including BDI down by 9.15 pct closing at 774 points .The ...
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 ...
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- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Planning Commission, India
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
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