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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, 04 September 13
RBCT SHIPPED 16.18 PERCENT MORE COAL IN JULY
COALspot.com - Richards Bay Coal Terminal (RBCT) is the single largest coal export terminal South African as well as in the world has shipped 6,162, ...
Wednesday, 04 September 13
SUPRAS AND HANDIES : INDONESIAN COAL CARGOES ARE SUPPORTING HEALTHY ACTIVITY LEVELS - INTERMODAL
The Dry Bulk market has pooled back a bit this week after firming for two weeks in a row. The BDI is s holding above 1,100 points and despite the sm ...
Tuesday, 03 September 13
AUSTRALIA'S NEWCASTLE PORT SHIPPED 22.93 PER CENT MORE COAL W-O-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 22.93 per cent week on week to 3.39 million mt for ...
Sunday, 01 September 13
COAL SWAP SHOWS MIXED TREND
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average Q4 2013 delivery 1.25 percent up month on month. The swap was moved posit ...
Sunday, 01 September 13
INDONESIA TO INDIA SPOT FREIGHT STAYS FIRM THIS WEEK - VISTAAR
COALspot.com: The freight market continued to be firm with even though the BDI and Cape index dropped by about 3 pct week on week.
The BDI was do ...
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- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Bhatia International Limited - India
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- The University of Queensland
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Australian Coal Association
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
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