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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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Tuesday, 14 May 13
KALIMANTAN COAL
Press Release : After a very successful conference in 2012, the second annual event will address latest market developments and address the future p ...
Tuesday, 14 May 13
NEWCASTLE PORT'S COAL EXPORTS FALL 6.83 PERCENT
COALspot.com - Newcastle port in Australia has loaded 2,771,891 tons of thermal and coking coal for week ended 0700 hours 13 May 2013, Newcast ...
Monday, 13 May 13
SGX ASIACLEAR OTC COAL SWAPS : RELATIVELY STABLE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average June 2013 delivery has gained 0.15 percent and API 8 CFR South China Coal shipment&nb ...
Saturday, 11 May 13
INDONESIA TO INDIA COAL FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT NEXT WEEK
COALspot.com - This week the market remained flat compared to last week. BDI slightly up 0.68 pct and closed at 884 points and the cape size index u ...
Friday, 10 May 13
U.S. PRODUCED TOTALED APPROXIMATELY 18.5 MMST OF COAL W/E 4 MAY 2013
COALspot.com - U.S. produced totaled approximately 18.5 million short tons (mmst) of coal in a week (For the week ended 4 May, 2013), EIA said in it ...
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- Lanco Infratech Ltd - India
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- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
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- Planning Commission, India
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- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
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- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
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- IHS Mccloskey Coal Group - USA
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- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
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- International Coal Ventures Pvt Ltd - India
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- Ministry of Mines - Canada
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- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
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- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
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- Medco Energi Mining Internasional
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- Goldman Sachs - Singapore
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- Posco Energy - South Korea
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
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- Petron Corporation, Philippines
- Heidelberg Cement - Germany
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- Central Electricity Authority - India
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- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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- Sarangani Energy Corporation, Philippines
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- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
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- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
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- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
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- Wilmar Investment Holdings
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- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
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- New Zealand Coal & Carbon
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- Larsen & Toubro Limited - India
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- Gujarat Sidhee Cement - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
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- MS Steel International - UAE
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- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Coal and Oil Company - UAE
- Minerals Council of Australia
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- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
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- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
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- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
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- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
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- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
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- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
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- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
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