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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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Wednesday, 26 December 12
SHIP OWNERS WRAP UP NEWBUILDING DEALS PRIOR TO YEAR END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the year inches closer and closer to its end, many ship owners are looking to close deals for newbuilding vessels they have been negotiating duri ...
Monday, 24 December 12
CONSTITUTIONAL COURT DECISION MAY FURTHER DELAY THE ISSUANCE OF NEW MINING BUSINESS LICENCES - TJEN SHE SIUNG
COALspot.com - In November 2012 the Constitutional Court of Indonesia issued a decision on amendments to certain provisions under the Mining Law No. ...
Monday, 24 December 12
BUNKER PRICES TO CONTINUE RISING, ALBEIT IN A SLOWER MODE, DURING THE NEXT FEW YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEW
In a recent report, US-based consulting firm Mcquilling Services attempted to forecast the course of bunker prices during the next few years, as thi ...
Sunday, 23 December 12
Q4' 2013 CFR SOUTH CHINA COAL SWAP, US$ 3.40 HIGHER COMPARED TO Q1' 2013 PRICE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 1.94 percent M-M and WoW by 1.57percent but lost 0.35 ...
Saturday, 22 December 12
SECOND HAND VESSELS ENJOY HIGH DEMAND AS PRICES ARE ATTRACTIVE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the year is closing to its end, activity in the second hand vessel market has been more than high. Ship owners are looking to ...
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- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
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