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Monday, 06 May 13
INDONESIAN COAL PRICE REFERENCE FALLS CONTINUE
 COALspot.com - The Indonesian government’s declared coal bench mark price has lost $ 3.23 / MT in May 2013.
The monthly coal price reference for coal sales in May 2013 lost 3.65 percent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for May 2013 at US$ 85.33 per ton, US$ 3.23 lower than April 2013 bench mark Price.
HBA is on a rising trend since November 2012, but lost its way to reach US$ 100/ MT since last month.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the March 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 – 30 April 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 May 2013 HBA is 16.44 percent or $ 16.79 lower Y-o-Y basis.
February 2011 declared HBA was the highest since the launching of HBA by government of Indonesia (US$ 127.05 / MT) but lowest was declared in May 2009 (US$ 62.83/ MT).
The price was only valid for the spot price (loading on or before 31 May 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 price marker 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 63 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. Government has recently issued a regulation (644.K/30/DJB/2013 dated 21 March 2013) to regulate or determine coal prices on FOB barge. Government also fixed the freight for barging, surveyor, insurance and etc.. to determine FOB barge price.
The coal price reference, 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.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Friday, 28 June 13
U.S. PRODUCED 1.52 PERCENT LESS COAL WEEK ON WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 19.40 million short tons (mmst) of ...
Thursday, 27 June 13
US COAL EXPORTS BEATS CHINESE COAL IMPORTS AS THE MOST INFLUENTIAL COAL TRADE - BIMCO
The influence of American coal exports on seaborne transportation has grown significantly over the past decade. In 2002, the US exported 20.1 millio ...
Thursday, 27 June 13
HANDY : USD 12000 FOR SPOT COAL INDO/CHINA AND AROUND USD 13000 INDO/ECI - FEARNLEYS
Handy
Atlantic rates hold well. Continent to Far East is worth more than USD 14k daily whilst USG to Far East pay 23/24k a day. On the route from B ...
Thursday, 27 June 13
DRY BULK CARRIERS DOMINATE NEWBUILDING ORDERS AS SHIP OWNERS ARE ENCOURAGED BY LATEST FREIGHT RATE RALLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding orders for dry bulk carriers were already high, compared to last year, prior to the latest rally of the Baltic Dry Index (BDI), which ha ...
Tuesday, 25 June 13
CAPESIZE MARKET TO REMAIN BULLISH SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been experiencing its long-awaited rally, with the Baltic Dry Index, the industry's benchmark rising to healthier levels fo ...
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- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Minerals Council of Australia
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Planning Commission, India
- SMG Consultants - Indonesia
- Economic Council, Georgia
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
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