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Monday, 15 July 13
INDONESIAN GOVERNMENT HAS REVISED DOWN ITS JULY BENCH-MARK COAL PRICE TO US$ 81.69 PER MT
 COALspot. com - Indonesian Coal Price Reference dropped 3.75 % and hitting a 2013 low. The Indonesian government has revised down its owned coal bench mark price by US$ 3.18 / MT to US$ 81.69 in July 2013.
The monthly coal price reference for coal sales in July 2013 lost just 3.75 per cent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for July 2013 at US$ 81.69 per ton, US$ 3.18 lower than June 2013 bench mark Price.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the June 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 – 31 July 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 July 2013 HBA is 6.70 per cent or $ 5.87 lower on Year.
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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 31 July 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 fulfill 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.
Trimegah, an Indonesian based securities company, recently has revised down its 2013 benchmark coal price assumption to USD 80/ton (from USD 95/ton).
According to Trimegah, coal price to increase to US$ 85/ton in 2014, as its expect global demand would slightly improve on expectation of natural gas price increase in the U.S. (from current level of US$ 3.62/mmbtu), resulting in increasing coal demand in the country.
Trimegah Securities also revised its benchmark coal price for 2014 and 2015. Trimegah believes that, the coal price improvement would not be more than US$ 5/ mt per annum at least until 2015 due to low demand.
Trimegah's coal price forecasts
- 2013 US$/ton 80.00 from its previous forecast of US$ 95.00/ton
- 2014 US$/ton 85.00 from its previous forecast of US$ 100.00/ton
- 2015 US$/ton 90.00 from its previous forecast of US$ 105.00/ton
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Tuesday, 30 July 13
KOMIPO INVITES BIDS FOR 520,000 MT OF 5,700 KCAL/KG COAL ON NAR BASIS FOR H1, 2014
COALspot.com : Korea Midland Power Co., Ltd. has invited bids for 520,000 Metric Tons (MT) of coal with calorific value 5,700 kcal/kg on NAR basis f ...
Tuesday, 30 July 13
AUSTRALIA'S NEWCASTLE SHIPPED 12.58 PERCENT LESS COAL W-O-W
COALspot.com: Newcastle port in Australia has loaded 2,945,848 tons of coal for the week ended 0700 hours 29 July 2013, Newcastle Port Corp. s ...
Monday, 29 July 13
INDONESIA'S ENERGY NEEDS COULD SPELL GOOD NEWS FOR TANKER OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite abundant energy resources, Indonesia has still failed meet its own demand, which led to a rising import of crude. According to the latest we ...
Sunday, 28 July 13
SUB-BIT INDONESIA COAL SWAP UP SLIGHTLY FOR SEPTEMBER CARGOES
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average September 2013 delivery slightly up on day and week but fell on month on ...
Saturday, 27 July 13
CEPL INDIA TO BAG 0.3 MILLION TONS OF COAL SUPPLY ORDER FROM TNPL
COALspot.com - An India based coal trader Coastal Energy Private Limited has offered the lowest price of US$ 73.00 per metric ton for calorific valu ...
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- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
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