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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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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 ...
Saturday, 27 July 13
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO REMAIN STEADY - CAPT.REDDY
COALspot.com : The freight market seemed to soften this week with BDI , Cape and Panamax indices dropped average 5 percent on week.
The BDI was d ...
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- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- PTC India Limited - India
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Planning Commission, India
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
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