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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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Thursday, 18 July 13
DRY BULK MARKETS RETAINS RECENT GAINS, MOVES SIDEWAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept on moving sideways this week, as evidenced by the latest trends of the industry's benchmark, the Baltic Dry Index (BDI ...
Wednesday, 17 July 13
NEWCASTLE COAL EXPORTS FELL 3.85% ON WEEK
COALspot.com: Newcastle port in Australia has loaded 2,860,149 tons of coal for the week ended 0700 hours 15 July 2013, Newcastle Port Corp. s ...
Wednesday, 17 July 13
TORN BETWEEN A CREDIT CRUNCH AND SUSTAINABLE GROWTH - GEORGE DERMATIS
COALspot.com: In 2012 China expanded at a rate of 7.8%, its worst annual performance in 13 years, raising criticism over the newly appointed governm ...
Tuesday, 16 July 13
TAKE - OR - PAY CONTRACTS CONTINUE TO INCENTIVISE AUSTRALIAN COAL PRODUCERS DESPITE POTENTIAL NEGATIVE CASH MARGINS - WOOD MACKENZIE
Australia's coal production has continued to grow, despite lower coal prices in 2013. Global investors and suppliers are therefore questioning whet ...
Monday, 15 July 13
INDO COAL SWAPS ARE STRUGGLING FOR RIGHT DIRECTION
COALspot.com – Indo coal swaps are struggling to find the right direction. Sub-Bit Indonesia coal swaps (FOB ) for average August 2013 d ...
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- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
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