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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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Sunday, 25 November 12
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO BE FIRM - VISTAAR
COALspot.com - The freight market was buoyant this week with all sectors up except for the Cape size index. The BDI was up by 5.21 pct closing at 10 ...
Sunday, 25 November 12
INDONESIAN SUB BITUMINOUS COAL SWAP CONTRACTS SLIDE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for February 2013 delivery lost 0.76percent WoW but gained 0.16 percent DoD on Friday ...
Saturday, 24 November 12
DELTA DUNIA MAKMUR PRODUCES 3.2 MILLION TONS OF COAL IN OCTOBER
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 31.1 million bcm* (-4.0% YoY) of Overburden in October 2012 totaled while coal production was ...
Friday, 23 November 12
CHOOSING THE RIGHT TIME TO INVEST IN NEW VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Shipping is all about timing, a process often rising to the height of artform, as ship owners are having to pick the exact moment of selling most of ...
Thursday, 22 November 12
HANDY: INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 12500 - FEARNRESEARCH
Handy
The north Continent is seeing plenty of tonnages but lack of cargoes. TA business are around 11k and fronthaul is around 17k.Tonnages has tig ...
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- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
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- Kaltim Prima Coal - Indonesia
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- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
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- Energy Link Ltd, New Zealand
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- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
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- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Aditya Birla Group - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
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- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
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- Global Green Power PLC Corporation, Philippines
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- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- The University of Queensland
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- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- White Energy Company Limited
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- New Zealand Coal & Carbon
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- PNOC Exploration Corporation - Philippines
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- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
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- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
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- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
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- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
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- Directorate General of MIneral and Coal - Indonesia
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- Indian Energy Exchange, India
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- Australian Coal Association
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- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
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- GVK Power & Infra Limited - India
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- Global Coal Blending Company Limited - Australia
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- Planning Commission, India
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- Wilmar Investment Holdings
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- Bhushan Steel Limited - India
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- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
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- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
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- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
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- Krishnapatnam Port Company Ltd. - India
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- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
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- Parliament of New Zealand
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- Vedanta Resources Plc - India
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