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Monday, 05 August 13
INDO GOVERNMENT'S DECLARED HBA IN AUGUST '13 FALL TO LOWEST LEVEL SINCE JANUARY '10
 COALspot. com - HBA fell to US$ 76.70 this month, the lowest since January 2010. Indonesian Coal Price Reference fell 6.11% and hitting a 2013 low.
The Indonesian government has revised down its owned coal bench mark price by US$ 4.99/ MT to US$ 76.70 for August 2013 deliveries on 2nd August 2013. The government declared bench-mark price for coal in August 2013 was the lowest in 2013 as well as the lowest since January 2010 or the lowest since full implementation of HBA which commenced since September 2011.
The monthly coal price reference for coal sales in August 2013 lost 6.11 per cent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for August 2013 at US$ 76.70 per ton, US$ 4.99 lower than July 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 July 2013 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-5900 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25%.
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 August 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 official implementation of HBA has commenced since September 2011.
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The August 2013 HBA is 9.39 per cent or $ 7.95 lower year on year.
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 August 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 trans-shipment 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. Trans-shipment 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.
Coal prices are still struggling to catch-up the right direction. Coal market was falling since mid of last year and not showing any immediate recovery. Excess coal supplies, instable coal demand, economy slowdowns are some of the reasons behind the pressure on coal prices.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Sunday, 08 September 13
BALTIC INDEX UP ON HIGHER CAPESIZE, PANAMAX RATES
COALspot.com : The freight market continued saw one of the biggest rally last week with Cape Size taking the lead followed by Panamax.
The BDI wa ...
Friday, 06 September 13
DRY BULK MARKET REACHES NEW YEAR-HIGHS ON THE BACK OF INCREASED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been on the rise once again, but this time around any new increase of freight rates translates into new year-highs, thus bri ...
Friday, 06 September 13
US PRODUCED APPROXIMATELY 90.80 MMST OF COAL IN AUGUST
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.90 million short tons (mmst) of ...
Thursday, 05 September 13
INDONESIAN COAL EXPORTS UP BY 6.72 PERCENT IN JULY
COALspot.com: Indonesia, the world's largest multi grade coal exporter shipped 35.268* million tons of coal in July 2013. Indonesian coal exp ...
Thursday, 05 September 13
HANDY: NICKEL ORE WAS PUSHING THE FAR EAST MARKET - FEARNLEYS
Handy
Nickel Ore was pushing the Feast market, several ships were fixed from low teens to $14k. Indo/India was still supported by bauxite, while th ...
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- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Aditya Birla Group - India
- The University of Queensland
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
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