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