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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, 29 November 12
BUMI TO PRODUCE 100 MILLION TONS OF COAL BY 2014
COALspot.com - Expansions on both BUMI’ s subsidiaries, PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia ( Arutmin) , are ...
Thursday, 29 November 12
PANAMAX : A FAIRLY STEADY MARKET WITH USD 8.5-9K/DAY FOR 2 LADEN LEGS IN ATLANTIC - FEARNLEYS
Handy
The Atlantic market continues to remain quiet due to more supply of ships. Rates from USG to Far East were around USD 18k and Black Sea to Fa ...
Thursday, 29 November 12
DRY BULK MARKET SLIGHTLY HIGHER DESPITE LULL ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market was marginally higher yesterday, according to the industry's benchmark, the Baltic Dry Index (BDI), which rose by 7 points to 1 ...
Wednesday, 28 November 12
NEWBUILDING ORDERING PICKS UP AS SHIP OWNERS LOOK TO CLOSE DEALS BEFORE THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners are active once again in the newbuilding ordering market, as they look to clinch deals ahead of the end of the year. Once again their fo ...
Tuesday, 27 November 12
NEWCASTLE PORT HAS SHIPPED 1.79 MILLION TONS OF COAL W/E 26 NOVEMBER
COALspot.com - Newcastle port in Australia has loaded 1,793,841 MT of thermal and coking coal for week ended 0700 hours 26 November 2012, Newc ...
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- Wood Mackenzie - Singapore
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- Power Finance Corporation Ltd., India
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- Energy Link Ltd, New Zealand
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- Parliament of New Zealand
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- Bhoruka Overseas - Indonesia
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- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Therma Luzon, Inc, Philippines
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- Chamber of Mines of South Africa
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- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
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- India Bulls Power Limited - India
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- LBH Netherlands Bv - Netherlands
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- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
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- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
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- The State Trading Corporation of India Ltd
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- Directorate Of Revenue Intelligence - India
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- GAC Shipping (India) Pvt Ltd
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- CNBM International Corporation - China
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
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- AsiaOL BioFuels Corp., Philippines
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- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
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- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
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- Bhatia International Limited - India
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
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- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
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- Agrawal Coal Company - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
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- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Xindia Steels Limited - India
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- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
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- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
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