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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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Sunday, 18 August 13
SUB-BIT FOB INDONESIA COAL SWAP : ON POSITIVE DIRECTION ON DAY, WEEK AND MONTH
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average Q4 2013 delivery US$ 1.83 up month on month. The swap was moved positive ...
Sunday, 18 August 13
INDO - INDIA FREIGHT EXPECTED TO BE FIRM NEXT WEEK - VISTAAR
COALspot.com - The freight market was up this week with the BDI gaining more than 10 pct due to strong Cape Sector.
The BDI was closed at 1,102 p ...
Friday, 16 August 13
US COAL PRODUCTION SLIGHTLY UP ON WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.10 million short tons (mmst) of ...
Thursday, 15 August 13
CAPESIZE : TRENDS SOMETIMES SHIFT WITH NO PRIOR WARNING - FEARNRESEARCH
Handy
The influence of the summer holidays across Europe was felt in the Atlantic basin this week. Very little activity and a growing list of avail ...
Wednesday, 14 August 13
ANOTHER WEEK IN THE RED FOR DRY BULK CARRIERS - INTERMODAL
Chartering (Wet: Stable- / Dry: Stable- )
Another week in the red for Dry Bulk carriers with the market losing further steam as fewer an ...
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- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- PTC India Limited - India
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- MS Steel International - UAE
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Minerals Council of Australia
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
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