We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 23 October 12
INDONESIA SETS DMO FOR NEXT YEAR
COALspot.com - The Indonesian government has declared the quantity of coal to be supplied to domestic market in 2013 recently under DMO regulation. ...
Sunday, 21 October 12
BUMA HAS PRODUCED 25.0 MILLION TONS OF COAL YEAR TO DATE
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 33.2 million bcm* (+5.5% YoY) of Overburden in September 2012 totaled while coal produc ...
Saturday, 20 October 12
SUPRAMAX FREIGHT EXPECTED TO BE FLAT - VISTAAR
COALspot.com - The shipping market continued to be quite active with quite lot of cargoes fixed for in the cape and panamax sector.
The BDI was ...
Thursday, 18 October 12
INDO-INDIA, LARGE ECO SUPRA FIXED AT USD 11000 - FEARNLEYS AS
Handy
Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Cont to East Med were around USD 14k and Black Sea ...
Tuesday, 16 October 12
DRY BULK FREIGHT RATES COULD IMPROVE ON CHINESE STIMULUS AND WINTER CARGO DEMAND SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
BIMCO has given out its forecast for the next six weeks, in terms of freight rates for dry bulk carriers. According to them, Capesize TC Average rat ...
|
|
|
Showing 4531 to 4535 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Bhushan Steel Limited - India
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- The University of Queensland
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
|
| |
| |
|
