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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, 10 September 13
COAL EXPORTS AT AUSTRALIA'S NEWCASTLE PORT SLIP 30.31% ON WEEK TO 2.36 MMT
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port down 30.31 per cent week on week to 2.36 million mt f ...
Tuesday, 10 September 13
WORLDWIDE COAL CONSUMPTION RISES SHARPLY - RA DR. ERICH SCHMITZ
By: RA Dr. Erich Schmitz, Verein der Kohlenimporteure (Germany Coal Importers Association)
World hard coal market in the first half of 2013: worl ...
Monday, 09 September 13
REBOUND IN NEWBUILDING ORDERS HASN'T HURT DRY BULK MARKET PROSPECTS, BUT SHIP OWNERS SHOULD STILL BE CAUTIOUS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Since the start of 2013 and up until the end of August, one thing has really caught the headlines in the dry bulk market, except of course, the frei ...
Sunday, 08 September 13
Q3 2014 THERMAL COAL SWAPS : STEADY DIRECTION
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery up 1.88 percent month on month. The swap was moved ...
Sunday, 08 September 13
BALTIC INDEX UP ON HIGHER CAPESIZE, PANAMAX RATES
COALspot.com : The freight market continued saw one of the biggest rally last week with Cape Size taking the lead followed by Panamax.
The BDI wa ...
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- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
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