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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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Monday, 06 August 12
COAL EXPORTS COULD ADD $2B TO $6B ANNUALLY TO U.S. ECONOMY - HELLENIC SHIPPING
Business groups backing Pacific Northwest coal export proposals on Thursday lauded a new report that claims increased U.S. coal exports could bring ...
Sunday, 05 August 12
SUB-BIT INDONESIA COAL SWAPS ARE WAY UP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 1.36 percent on Friday (3 August 2012) closing W-o-W but gained& ...
Sunday, 05 August 12
INDONESIA'S ADARO TRIMS PRODUCTION FORECAST, CITES BAD ECONOMY - THE JAKARTA GLOBE
The Jakarta globe reported that, Adaro Energy, the country’s second-largest coal producer, has cut its annual production forecast to between ...
Sunday, 05 August 12
DRY BULK FREIGHT MARKET TO STAY WEAK NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com - The freight market continued to soften further in all segments.
The BDI was down by 8.68 pct closing at 852 points. The cape index ...
Friday, 03 August 12
INDIA - LIGHTS OUT! - SALVA
The Indian power sector hit global headlines this week for all the wrong reasons. Firstly, on Monday, over 350 million people lost power across nort ...
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- Bayan Resources Tbk. - Indonesia
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- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Mercator Lines Limited - India
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- Bulk Trading Sa - Switzerland
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- Antam Resourcindo - Indonesia
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- Bukit Makmur.PT - Indonesia
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- The Treasury - Australian Government
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- Indian Energy Exchange, India
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- Romanian Commodities Exchange
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- Marubeni Corporation - India
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
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- GAC Shipping (India) Pvt Ltd
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- Wilmar Investment Holdings
- Electricity Authority, New Zealand
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- Rio Tinto Coal - Australia
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- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
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- Energy Development Corp, Philippines
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- Medco Energi Mining Internasional
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- Cement Manufacturers Association - India
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- Central Electricity Authority - India
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
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- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
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- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Parry Sugars Refinery, India
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- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
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- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
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- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
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- Iligan Light & Power Inc, Philippines
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- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
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- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
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- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
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- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
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