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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, 19 March 13
SHIP PRICES COULD BE CLOSING IN TO REACH THEIR BOTTOM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the latest developments in shipping asset prices has been the reluctance from shipyards to further reduce their price expectations to higher ...
Sunday, 17 March 13
A WEAK WEEK FOR SUB-BIT INDONESIA COAL SWAPS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 2.11 percent and CFR South China coal shipment ...
Sunday, 17 March 13
COAL FREIGHT RATES STEADY ON HIGHER DEMAND - CAPT. REDDY
COALspot.com - This freight market continued to remain firm in all segments.
The BDI was up by 5.81 pct closing at 892 points. Cape index was up ...
Friday, 15 March 13
CHEAP SHIP VALUATIONS DON'T NECESSARILY MEAN ATTRACTIVE SAYS VESSELS VALUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With ship prices plunging by double-digits in the past few years, many ship owners are pondering their next moves in a market often described as att ...
Thursday, 14 March 13
SUPRAMAX : INDO - INDIA TRIP RATE IS AROUND $10,000; SOUTH CHINA $9500 - FEARNRESEARCH
Handy
Indian market is still quiet in respect of export of iron ore. WC India market has improved with a few stems out of the MEG, WC India opening ...
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- Thai Mozambique Logistica
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- Electricity Authority, New Zealand
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- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
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- Aboitiz Power Corporation - Philippines
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- Goldman Sachs - Singapore
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- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
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- Bulk Trading Sa - Switzerland
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- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
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- Meenaskhi Energy Private Limited - India
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- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
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- Cigading International Bulk Terminal - Indonesia
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- Rio Tinto Coal - Australia
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- Indian Oil Corporation Limited
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- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
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- Trasteel International SA, Italy
- Australian Coal Association
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
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- Sree Jayajothi Cements Limited - India
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- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
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- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
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- Australian Commodity Traders Exchange
- Planning Commission, India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
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- Bukit Makmur.PT - Indonesia
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- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
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- Sojitz Corporation - Japan
- Deloitte Consulting - India
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- Economic Council, Georgia
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- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
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