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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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Thursday, 30 May 13
HANDY: RBCT ROUND WAS AROUND USD 9K + 300 BB - FEARNRESEARCH
Handy
THE Atlantic market remained flat. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 12k. The Pacific market remained quiet with no ...
Wednesday, 29 May 13
SHIP OWNERS KEEP ON SPENDING ON NEWBUILDINGS AS PRICES ARE DEEMED TOO LOW TO RESIST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It's been yet another week on increased newbuilding ordering activity with Hellenic ship owners appearing rathe active, on the back of attractive f ...
Tuesday, 28 May 13
NEWCASTLE PORT SHIPPED 9.76 PERCENT MORE COAL W/E 27 MAY 2013
COALspot.com - Newcastle port in Australia has loaded 2,420,366 tons of coal for week ended 0700 hours 27 May 2013, Newcastle Port Corp. said ...
Sunday, 26 May 13
AMPLE SUPPLY, LOW DEMAND KEEP COAL PRICES UNDER PRESSURE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have lost 0.07 percent and API 8 CFR South China Coal shipment los ...
Friday, 24 May 13
ENGAGEMENT WITH POTENTIAL STRATEGIC AND OFF TAKE PARTNERS ACCELERATING - REALM RESOURCES
COALspot.com - Following the recent completion of the Feasibility Study, the Realm Resources Ltd. (ASX: RRP) has focused on securing strategic ...
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- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- The University of Queensland
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
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