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Friday, 13 September 13
DIRECTOR GENERAL OF MINERAL AND COAL OF INDONESIA REVISED UP COAL PRICE REFERENCE TO US$ 76.89
 COALspot. com - The Indonesian government has revised up its owned coal bench mark price by US$ 0.19/ MT to US$ 76.89 for September 2013 deliveries on 6th September 2013.
The monthly coal price reference for coal sales in September 2013 gained 0.25 per cent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for September 2013 at US$ 76.89 per ton, US$ 0.19 higher than August 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 August 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 -30 September 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.
The September 2013 HBA is 10.81 per cent or $ 9.32 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 30 September 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.
This week’s our “Indonesian coal price trend” is showing a weak direction compared to last week's trend. Indonesian 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 significant or meaningful recovery. Excess coal supplies, instable coal demand, economy slowdowns, weakening of Indian Rupee are some of the reasons behind the pressure on coal prices in recent weeks.
According to Fitch Ratings, the Asia-Pacific thermal coal market will remain oversupplied in the next 12 months because strong production has been slow to adjust to weaker demand. If the oversupply condition continues it will take quite long time to reach a price comfortable to coal miners specially for small scale coal miners.
According to media reports, Indian buyers have reduced coal imports, as the rupee’s slide against the dollar has driven up the cost of imported coal. Top coal-exporting nations such as Indonesia suffer from a fall in demand in India -- one its key export markets, due to slow demand from India.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Wednesday, 18 September 13
DRY BULK MARKET CONTINUED TO ADVANCE - INTERMODAL
Chartering (Wet: Stable- / Dry: Firm+ )
The Dry Bulk market continued to advance at a very fast pace, with the BDI closing off the week north ...
Tuesday, 17 September 13
BUMA PRODUCED 3.57 PERCENT MORE COAL IN AUGUST
COALspot.com: BUMA has removed totaled 25.20 million bcm of overburden to produce 2.90 million tons coal in August 2013. BUMI produced 3.07 percent ...
Tuesday, 17 September 13
NEWCASTLE PORT SHIPPED ABOUT 27 PERCENT MORE COAL WEEK ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 27.26 per cent week on week to 3.01 million mt for ...
Tuesday, 17 September 13
TAIPOWER INVITES BIDS FOR SUPPLY OF SUB-BITUMINOUS COAL
COALspot.com - Taiwan Power Company intends to procure 1.050 million tons of sub-bituminous coal for Taipower thermal power plant through open tende ...
Tuesday, 17 September 13
ORPHEUS SECURES SIGNIFICANT INFRASTRUCTURE DEAL THROUGH ACQUISITION OF SOUTH KALIMANTAN PORT CAPACITY
COALspot.com : Orpheus Energy Limited (ASX: OEG) of Australia has today announced that, it has executed a binding agreement with the proprietor of S ...
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Showing 4116 to 4120 news of total 6871 |
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- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Economic Council, Georgia
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Australian Coal Association
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
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