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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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Thursday, 27 June 13
US COAL EXPORTS BEATS CHINESE COAL IMPORTS AS THE MOST INFLUENTIAL COAL TRADE - BIMCO
The influence of American coal exports on seaborne transportation has grown significantly over the past decade. In 2002, the US exported 20.1 millio ...
Thursday, 27 June 13
HANDY : USD 12000 FOR SPOT COAL INDO/CHINA AND AROUND USD 13000 INDO/ECI - FEARNLEYS
Handy
Atlantic rates hold well. Continent to Far East is worth more than USD 14k daily whilst USG to Far East pay 23/24k a day. On the route from B ...
Thursday, 27 June 13
DRY BULK CARRIERS DOMINATE NEWBUILDING ORDERS AS SHIP OWNERS ARE ENCOURAGED BY LATEST FREIGHT RATE RALLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding orders for dry bulk carriers were already high, compared to last year, prior to the latest rally of the Baltic Dry Index (BDI), which ha ...
Tuesday, 25 June 13
CAPESIZE MARKET TO REMAIN BULLISH SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been experiencing its long-awaited rally, with the Baltic Dry Index, the industry's benchmark rising to healthier levels fo ...
Tuesday, 25 June 13
NEWCASTLE PORT SHIPPED OUT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 3,101,378 tons of coal for the week ended 0700 hours 24 June 2013, Newcastle Port Corp. ...
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- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
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- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
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- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
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- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- The University of Queensland
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Planning Commission, India
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- White Energy Company Limited
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Australian Coal Association
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