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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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Wednesday, 11 September 13
ASIA - PACIFIC THERMAL COAL MARKET TO REMAIN OVERSUPPLIED IN NEXT 12 MONTHS - FITCH RATINGS
COALspot.com: Fitch Ratings says the Asia-Pacific thermal coal market will remain oversupplied in the next 12 months because strong production has b ...
Tuesday, 10 September 13
COAL EXPORTS AT AUSTRALIA'S NEWCASTLE PORT SLIP 30.31% ON WEEK TO 2.36 MMT
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port down 30.31 per cent week on week to 2.36 million mt f ...
Tuesday, 10 September 13
WORLDWIDE COAL CONSUMPTION RISES SHARPLY - RA DR. ERICH SCHMITZ
By: RA Dr. Erich Schmitz, Verein der Kohlenimporteure (Germany Coal Importers Association)
World hard coal market in the first half of 2013: worl ...
Monday, 09 September 13
REBOUND IN NEWBUILDING ORDERS HASN'T HURT DRY BULK MARKET PROSPECTS, BUT SHIP OWNERS SHOULD STILL BE CAUTIOUS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Since the start of 2013 and up until the end of August, one thing has really caught the headlines in the dry bulk market, except of course, the frei ...
Sunday, 08 September 13
Q3 2014 THERMAL COAL SWAPS : STEADY DIRECTION
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery up 1.88 percent month on month. The swap was moved ...
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- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- PTC India Limited - India
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
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