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Wednesday, 13 August 14
INDONESIAN COAL PRICE REFERENCE FALL AGAIN CLOSE TO 57 MONTHS LOWS
 COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price in August. HBA for the month of August sets at US$ 70.29 which is US$ 2.16 lower than last month HBA. The declared Indonesian Coal Price Reference for this month is the lowest since November 2009.
The current Indonesian coal prices are almost reflecting its 2009 levels due to various reasons including excess output compared to low demand. Government of Indonesia is trying to introduce new regulations to eliminate illegal coal mining to control the unaccounted coal outputs. The export volume of Indonesian coal is still above around 32 - 35 million per month despite low coal prices.
However, August declared HBA is 11.87% or US$ 7.46 higher compared to May 2009 bench mark price of US$ 62.83 per MT, which was the lowest declared price in history of HBA. In the meantime the highest HBA was declared in February 2011 at US$ 127.05 per MT.
Indonesian coal benchmark price for August 2014 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the June 2014 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 August 2014.
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 coal benchmark price must be used by the holders of production operation IUPs, special production operation IUP's, and CCoWs as a reference in determining the coal selling price.
The declared HBA of August 2014 was 8.36 per cent or $ 6.41 lower compared to the same period in year 2013. In the meantime, August 2014 HBA was US$ 56.76 or 44.68% lower compared to all time higher HBA which was declared in month of February 2011.
February 2011 declared HBA was the highest since the launching of HBA by government of Indonesia (US$ 127.05 / MT) and lowest was declared in May 2009 (US$ 62.83/ MT).
The price was only valid for the spot price (loading on or before 31 August 2014), 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 per cent of the latest available month HPB, 30 per cent of one month prior HPB and 20 per cent 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 65 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.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Monday, 18 August 14
SUB-BIT FOB INDONESIA COAL SWAP CLOSED AT $58.60 FOR SEPTEMBER 2015; UP $4 FROM SEPTEMBER 2014 CLOSING
COALspot.com: Indonesian coal swaps for average September 2014 decreased US$ 0.15 (-0.27%) day on day and US$ 0.75 (-1.36%) per mt week on week. Th ...
Monday, 18 August 14
CFR SOUTH CHINA COAL SWAP PERFORMED WELL THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in September 2014 increased US$ 0.45 (+0.66%) day on day and US$ 0.30 (+0.44%)&nbs ...
Saturday, 16 August 14
HIGH DEMAND OF IRON ORE SHIPMENTS PUSHED CAPE INDEX UPWARDS
COALspot.com: This week's freight market was buoyant with Cape and panamax index seeing a big jump pushing the BDI above 1,000 points week on c ...
Friday, 15 August 14
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
13-16 October 2014
Grand Hyatt Jakarta, Indonesia
Web Site
The country’s definitive ...
Thursday, 14 August 14
U.S. STEAM COAL IMPORTS REMAIN DOWN SHARPLY FROM HISTORIC HIGH IN 2007, SAYS EIA
COALspot.com: U.S. steam coal imports at power plants have fallen significantly from their peak level of more than 30 million tons in 2007 to less ...
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- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Minerals Council of Australia
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Aditya Birla Group - India
- PTC India Limited - India
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
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