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Wednesday, 12 June 13
INDONESIAN COAL PRICE REFERENCE SLIDES TO 2013 LOW
 COALspot.com - Indonesian Coal Price Reference continues to take its lumps this month, dropping about 0.54 % and hitting a 2013 low. The Indonesian government’s declared coal bench mark price has lost marginally (US$ 0.46 / MT) in June 2013.
The monthly coal price reference for coal sales in June 2013 lost just 0.54 per cent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for June 2013 at US$ 84.87 per ton, US cents 46 lower than May 2013 bench mark Price.
HBA is on a rising trend since November 2012, but lost its way to reach US$ 100/ MT since April.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the May 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 June 2013.
The government of Indonesia has been publishing a monthly coal price reference (HBA & HPB) since January 2009 to be used by coal producers for all spot and term contracts. However, the full implementation of HBA has commenced since September 2011.
The June 2013 HBA is 12.19 per cent or $ 11.78 lower Y-o-Y basis.
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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 30 June 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 transhipment 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. Transhipment cost US$ 4.00/MT + Surveyor cost US$ 0.25/MT + Insurance 0.80% per shipment + Barging cost (for < 270 footer - (US$ 0.0221 X barging distance) + US$ 3.7406, for 270 - 330 footer - (US$ 0.0184 X barging distance) + US$ 3.1172 and > 330 footer - (US$ 0.0154 X barging distance) + US$ 2.6002.
The coal price reference is been established to fulfil the requirement of mining law 04/2009 and ministerial decree No.17/2010. In addition to that, it is aims to increase government revenue from royalties from coal producers.
The current coal market is not showing any upward trend in near future. According to Maureen Natasha of PT. Danareksa Sekuritas, the outlook for coal mining in Indonesia will remain challenging, given the currently depressed coal prices (down 5% average YTD) and persistent global economic headwinds. China and India combined account for more than 30% of the world’s seaborne import volume. Their dominance is expected to continue with potential growth seen in India.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Friday, 13 September 13
DIRECTOR GENERAL OF MINERAL AND COAL OF INDONESIA REVISED UP COAL PRICE REFERENCE TO US$ 76.89
COALspot. com - The Indonesian government has revised up its owned coal bench mark price by US$ 0.19/ MT to US$ 76.89 for September 2013 deliveries ...
Thursday, 12 September 13
PANAMAX : PACIFIC ROUNDS ARE NOW REPORTED BETWEEN USD 13K AND 15K PER DAY - FEARNRESEARCH
Handy
Nickel ore is a key support SE Asia/Feast rate at the moment; vessel in N.China were fixed around USD 11-12k, ships in mid China can expect a ...
Thursday, 12 September 13
CAPESIZE MARKET WILL BECOME EVEN TIGHTER - JEFFREY LANDSBERG
COALspot.com : While it is no secret that current capesize availability has become tight and has caused capesize rates to surge, availability is set ...
Thursday, 12 September 13
OVER THE WORST? WE MIGHT FIND OUT THIS WEEK - BIMCO
The shipping market has a spring in its step, even as summer draws to a close. There is it seems, confidence that finally, we are emerging into the ...
Thursday, 12 September 13
DRY BULK MARKET RALLY COMES AT A GOOD TIME FOR MOST SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest surge of the dry bulk market has helped offset other lingering factors, which otherwise, could have plunged freight rates to new lows. Fo ...
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- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Bhatia International Limited - India
- Planning Commission, India
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
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