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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, 01 October 13
DRY BULK MARKET POISED FOR RETREAT ON CHINA HOLIDAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The start of a national weeklong in China as of Tuesday is expected to put a lid in the latest rally of the dry bulk freight market, as has always b ...
Monday, 30 September 13
NEWCASTLE'S COAL EXPORT VOLUME CONTINUES TO SLIP
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port fell 8.38 per cent week on week to 2.67 million mt fo ...
Monday, 30 September 13
PANAMAX CHARTER RATES TOUCHING US$ 18K FOR A TRIP TO NOPAC - CAPT. REDDY
COALspot.com : The freight market continued to remain firm, BDI and the Panamax index up week ended 27 September 2013.
The cape index was fell to ...
Sunday, 29 September 13
API 8 CFR SOUTH CHINA COAL Q3 2014 DELIVERY SWAP GAINED $1.19 M-O-M
COALspot.com : SGX has launched API 8 CFR South China Coal Swap on 29 April 2013 and SGX replaced the previous swap.
API 8 CFR South China Coal s ...
Sunday, 29 September 13
SUB-BIT INDONESIA COAL SWAP FELL ON MONTH AND WEEK
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery fell 3.93 percept month on month on Friday 27 September 2 ...
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- Sojitz Corporation - Japan
- Thai Mozambique Logistica
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- International Coal Ventures Pvt Ltd - India
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- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
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- Merrill Lynch Commodities Europe
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- Ministry of Transport, Egypt
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- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
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- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
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- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
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- TeaM Sual Corporation - Philippines
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- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
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- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
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- India Bulls Power Limited - India
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- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
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- Anglo American - United Kingdom
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- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- New Zealand Coal & Carbon
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- Madhucon Powers Ltd - India
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- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
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- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
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- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
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- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Star Paper Mills Limited - India
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- Kumho Petrochemical, South Korea
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- Tamil Nadu electricity Board
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- Planning Commission, India
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- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
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- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Deloitte Consulting - India
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- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
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