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Monday, 14 October 13
MEMR OF INDONESIA SETS THE COAL'S SPOT PRICE AT US$ 76.61 FOR OCT'13 DELIVERY
 COALspot. com - The Indonesian government has revised down government declared coal bench mark price by US$ 0.28/ MT to US$ 76.61 for October 2013 deliveries on 7th September 2013.
The monthly coal price reference for coal sales in October 2013 lost 0.36 per cent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for October 2013 at US$ 76.61 per ton, US$ 0.28 lower than September 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 September 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 - 31 October 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 official implementation of HBA has commenced since September 2011.
The October 2013 HBA is 10.96 per cent or $ 9.43 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 31 October 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” was showing a flat trend 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.
Due to long holidays in Indonesia there is no significant price movements are expected this week. Low calorific value coal producers are facing a difficult time this year.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Tuesday, 15 October 13
CHINA COAL IMPORTS TO KEEP GROWING IN THE YEARS TO COME, ALBEIT AT A SLOWER RATE - EVA TZIMA / NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest monthly report, shipbroker Intermodal highlighted the growing role of coal in the energy mix. According to Intermodal's research anal ...
Tuesday, 15 October 13
NEWCASTLE PORT SHIPPED 6.50% MORE COAL W-O-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 6.50 per cent week on week to 3.19 million mt for ...
Monday, 14 October 13
CARBON POLICIES UNLIKELY TO PREVENT A COAL-FUELLED WORLD - WOOD MACKENZIE
China will propel coal growth but US, Europe and Asia will sustain global demand.
At the World Energy Congress (WEC) today Wood Mackenzie's Pres ...
Sunday, 13 October 13
Q4'13 DELIVERY SUB-BIT INDO COAL SWAP FALLS SEVEN STRAIGHT WEEK
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery fell 1.72 percept month on month on Friday 11 October 201 ...
Sunday, 13 October 13
API 8 CFR SOUTH CHINA COAL - AVERAGE Q4 2013 DELIVERY FELL 0.30 PERCEPT ON WEEK
COALspot.com : API 8 CFR South China Coal swaps for average Q4 2013 delivery fell 0.30 percept week on week on Friday 11 October 2013. The CFR South ...
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- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
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- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
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- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
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- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Altura Mining Limited, Indonesia
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- Ministry of Finance - Indonesia
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- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
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- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
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- Coalindo Energy - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
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- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
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- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
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- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
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- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
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