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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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Thursday, 25 July 13
CAPESIZE : PACIFIC AND ATLANTIC RATES ARE HOLDING STEADY - FEARNLEYS AS
Handy
The Far East market remains quiet even if some Indo coal trip orders were fed in the market at early this week. Prompt ships passing Singapor ...
Thursday, 25 July 13
SUMMER LULL CHIPPING AWAY RECENT GAINS IN DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In what seems to be establishing as a permanent trend, at least for the time being, the dry bulk market kept on retreating yesterday, even if this r ...
Tuesday, 23 July 13
NEWCASTLE'S COAL EXPORTS CLIMB 17.82% ON WEEK, PORT'S DATA SHOWS
COALspot.com: Newcastle port in Australia has loaded 3,369,865 tons of coal for the week ended 0700 hours 22 July 2013, Newcastle Port Corp. s ...
Monday, 22 July 13
DRY BULK MARKET DIFFICULT TO MAINTAIN POSITIVE DRIVE CLAIMS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has seen a significant recovery in recent weeks, leading most ship classes to earnings above their operating expenses, thus brin ...
Monday, 22 July 13
INDO COAL SWAP FOR AUGUST 13 DELIVERY GAINED ON WEEK BUT LOST ON DAY AND MONTH
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average August 2013 delivery slightly up on week but fell on day and month on Fri ...
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- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- GMR Energy Limited - India
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- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
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- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Planning Commission, India
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
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