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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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Sunday, 22 September 13
BDI STRENGTHENS FURTHER AS CAPESIZE FREIGHT RATES JUMP - CAPT. REDDY
COALspot.com: The freight market continued its upward trend and maintaining the moment with BDI and Cape index up by 16 pct week on week. The Capesi ...
Sunday, 22 September 13
API 8 CFR SOUTH CHINA COAL SWAPS ADVANCE
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, 22 September 13
SUB-BIT INDONESIA COAL SWAPS REMAIN UNDER PRESSURE
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery down 2.09 percept month on month on Friday 20 September 2 ...
Friday, 20 September 13
SHIP OWNERS INVEST MORE THAN $9.2 BILLION ON NEW BUILDING VESSELS DURING AUGUST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the fact that August is traditionally a slow month in terms of ships investment activity, ship owners have grasped this year the opportunity ...
Friday, 20 September 13
DRY BULK MARKET REACHES NEW HEIGHTS THIS WEEK STANDING AT THREE-YEAR HIGH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The biggest rally of the dry bulk market in more than three years have brought back joy among ship owners, especially those active in the Capesize m ...
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- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- White Energy Company Limited
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Planning Commission, India
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- MS Steel International - UAE
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
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