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Wednesday, 12 December 12
69.23 PERCENT OF END-USERS ARE BELIEVE, COAL PRICES ARE IN UPWARD TREND
 COALspot.com - The Indonesian government’s declared coal reference price for December’ 12 has gained US cents 31 per MT M-o-M.
The monthly coal reference price for coal sales in December gained 0.38 percent compared to last month.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for December 2012 at US$ 81.75 per ton, 0.38 percent higher than November 2012 bench mark 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 November 2012 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-5900 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 December 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 December 2012 HBA is 27.44% percent or $ 30.92 lower Y-o-Y basis.
The price was only valid for the spot price (loading on or before 31 December 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 62 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.
Supreme court of Indonesia also recently scrapped a government’s ban on the export of unprocessed minerals.
According to local media reports, the court had ordered the government to withdraw four chapters in the regulation, including one chapter limiting the exports of raw minerals since May 6. According to Ministerial Decree No. 7 on mineral processing, mining companies would only be granted mineral ore export permits after receiving CNC for their business licenses as well as showing commitment to establish smelters or cooperate with other companies to process their mineral ores for export.
According to suppliers as well as buyers of Indonesian coal, the prices are seems to be moving up-ward direction this month. January 2013 shipments also showing a positive move. The Chinese buyers are also in the market for 4200 GAR coal and Indian buyers in the market for 5200 GAR coal.
“ A Chinese buyer is willing to buy up to 4 -5 shipments of 4200 GAR coal for loading from January 2013. However the bids are from buyers are still very tight to match”, said a supplier.
According to our weekly opinion poll, Indonesian suppliers and buyers are in the same view about Q1’ 13 price trend.
69.23 Percent of end-users are believing that, Q1' 2013 coal prices will be better than, last quarter of 2012 prices. In the meantime, 56 percent of Indonesian coal producers are also believe that, Q1' 2013 coal price trend will bring them a fortune in 2013.
68.75 percent of coal traders, who really understand the heartbeat of real coal market movement also in view with producers and end-Users. The market players who are used to deal with Indonesian coal are in positive view about next coal price trend.
Q1’ 2013 really going to be supplier’s market ? Let’s wait for another 20 days to see the real corrections. We still believe 1st half of 2013 is for buyers market .
Click here for complete Indonesian coal reference prices since January 2009.(cs)
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Thursday, 28 February 13
INDIA HAS INCREASED CUSTOMS DUTY AND COUNTERVAILING DUTY FOR POWER PLANT COAL
COALspot.com : The government of India raised basic customs duty and countervailing duty on steam coal. In the meantime government has reduced& ...
Thursday, 28 February 13
SHIP OWNERS EXPECTED TO FACE A CHALLENGING YEAR, DESPITE THE FALL OF NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Tonnage oversupply and a lagging growth in world trade demand are expected to keep shipping in the "red", despite a series of measures ado ...
Thursday, 28 February 13
PANAMAX : MARKET HAS SEEN A GOOD UPTURN OVER THE LAST WEEK - FEARNLEYS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 11k. The ...
Wednesday, 27 February 13
NEWCASTLE PORT IN AUSTRALIA SHIPPED 0.358 MILLION MT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,178,869 MT of thermal and coking coal for week ended 0700 hours 25 February 2013, Newc ...
Wednesday, 27 February 13
NEWLEAD HOLDINGS LTD. ANNOUNCES COAL SUPPLY AND DELIVERY CONTRACT
NewLead Holdings Ltd. yesterday announced that the Company has signed an agreement to supply and deliver 1.48 million metric tons of steam coal to a ...
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- Parry Sugars Refinery, India
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
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- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
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- McConnell Dowell - Australia
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- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
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