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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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Tuesday, 26 March 13
NEWCASTLE PORT SHIPPED 2.39 MMT OF COAL W/E 25 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2.396 million tons of thermal and coking coal for week ended 0700 hours 25 March 2013, N ...
Monday, 25 March 13
BUNKER FUELS ARE ABOUT TO GET CLEANER, BUT AT WHAT COST? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The cost of bunkers is nowadays the driving force behind most ship owners' major decisions, with regulations bound to change in many parts of the w ...
Sunday, 24 March 13
THE SUB-BIT INDONESIA'S COAL SWAPS FOR Q2 DELIVERY PRICE LOST 7.47 PERCENT PMT M-O-M
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 3.39 percent and CFR South China coal shipment 2.65 ...
Sunday, 24 March 13
FREIGHT MARKETS CONTINUED TO FIRM - VISTAAR
COALspot.com - This freight market continued to remain firm in all segments except for cape index which softened slightly.
The BDI was up by 4.60 ...
Sunday, 24 March 13
DRY BULK MARKET PROSPECTS OFFER ROOM FOR RESTRAINED OPTIMISM SAYS SHIP OWNER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its announcement regarding its annual performance, ship owner Frontline offered some useful insight on the future prospects of both the dry bulk ...
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- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- MS Steel International - UAE
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Edison Trading Spa - Italy
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