We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 10 September 13
COAL EXPORTS AT AUSTRALIA'S NEWCASTLE PORT SLIP 30.31% ON WEEK TO 2.36 MMT
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port down 30.31 per cent week on week to 2.36 million mt f ...
Tuesday, 10 September 13
WORLDWIDE COAL CONSUMPTION RISES SHARPLY - RA DR. ERICH SCHMITZ
By: RA Dr. Erich Schmitz, Verein der Kohlenimporteure (Germany Coal Importers Association)
World hard coal market in the first half of 2013: worl ...
Monday, 09 September 13
REBOUND IN NEWBUILDING ORDERS HASN'T HURT DRY BULK MARKET PROSPECTS, BUT SHIP OWNERS SHOULD STILL BE CAUTIOUS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Since the start of 2013 and up until the end of August, one thing has really caught the headlines in the dry bulk market, except of course, the frei ...
Sunday, 08 September 13
Q3 2014 THERMAL COAL SWAPS : STEADY DIRECTION
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery up 1.88 percent month on month. The swap was moved ...
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 ...
|
|
|
Showing 4131 to 4135 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Samtan Co., Ltd - South Korea
|
| |
| |
|
