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Friday, 08 March 13
INDONESIAN HBA UP FOR FIVE CONSECUTIVE MONTHS
 COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in March 2013.
The monthly coal reference price for coal sales in March 2013 gained 1.97 percent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for March 2013 at US$ 90.09 per ton, US$ 1.74 higher than February 2013 bench mark Price.
HBA is on a rising trend since November 2012. The government of Indonesia had expected the Indonesia coal reference price (HBA) to reach over US$100 per ton this year. If HBA continues its journey on this trend, then, it will reach government prediction within the end 2nd quarter 2013.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the February 2013 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 March 2013.
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 March 2013 HBA is 20.18 percent or $ 22.78 lower Y-o-Y basis.
The price was only valid for the spot price (loading on or before 31 March 2013), while as for term price (up to 12 months supplies), the average reference price (HPB) of the previous three months will be used to determine the selling price. (50% of the latest available month HPB, 30% of one month prior HPB and 20% of two-month 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 the 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.
Click here for complete Indonesian coal reference prices since January 2009.(cs)
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Monday, 15 April 13
SUB - BIT INDONESIA COAL SWAP SHOWS POSITIVE TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 2.70 percent and CFR South China coal shipment&nbs ...
Saturday, 13 April 13
THE FREIGHT MARKETS EXPECTED TO HOLD FIRM NEXT WEEK - CAPT. REDDY
COALspot.com - This freight market firmed up this week and all sectors were up except for Supramax index.
The BDI was up by 1.62 pct closing at 8 ...
Friday, 12 April 13
DRY BULK SHIP OWNERS DEVELOPED NEWFOUND APPETITE FOR BULKERS DURING FIRST QUARTER OF 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It's official; more and more ship owners operating in the dry bulk market appear to have developed a newfound optimism in the market's prospects. ...
Thursday, 11 April 13
HANDY: INDO - INDIA NOW BEEN REPORTED AT APS BASIS AT USD 10K+BB 85K - FEARNLEYS
Handy
The Atlantic markets remain with not many cargoes seen this week. The USG-Feast was at USD 18k and Black Sea-Feast was at USD 12k. The Pacifi ...
Thursday, 11 April 13
AUSTRALIA'S NEWCASTLE PORT SHIPPED 15.96 PERCENT LESS COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,545,914 tons of thermal and coking coal for week ended 0700 hours 8 April 2013, Newcas ...
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- Global Green Power PLC Corporation, Philippines
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- Minerals Council of Australia
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- Orica Mining Services - Indonesia
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- Rio Tinto Coal - Australia
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- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
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- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
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- Eastern Coal Council - USA
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- New Zealand Coal & Carbon
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- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
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- Kohat Cement Company Ltd. - Pakistan
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- Romanian Commodities Exchange
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- Planning Commission, India
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- The Treasury - Australian Government
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- Semirara Mining and Power Corporation, Philippines
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- Standard Chartered Bank - UAE
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- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
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- Economic Council, Georgia
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- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
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- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
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- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Parliament of New Zealand
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- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
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- Manunggal Multi Energi - Indonesia
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- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
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- Ministry of Finance - Indonesia
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- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- PTC India Limited - India
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- GAC Shipping (India) Pvt Ltd
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