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Tuesday, 16 September 14
INDONESIAN GOVERNMENT DECLARED HBA SUFFERED ANOTHER SETBACK IN SEPTEMBER
 COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in September. HBA for the month of September sets at US$ 69.69 which 60 US cents lesser than last month HBA of US$ 70.29 per MT. 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. The government of Indonesia recently introduced ET-Batubara requirement to control coal export flow out of country. According to government's revised regulation, the new regulation will be in force starting from 1st October 2014.
However, September declared HBA is 10.92% or US$ 6.89 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, which was US$ 57.36 per MT higher than this month declared HBA.
Indonesian coal benchmark price for September 2014 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the August 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 – 30 September 2014.
The government of Indonesia is 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 was commenced since September 2011. According to government regulation, 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 for particular period.
The declared HBA of September 2014 was 9.36 per cent or $ 7.20 lower compared to the same period in year 2013. In the meantime, September 2014 HBA was US$ 57.36 or 45.15% 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 30 September 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 percent of the latest available month HPB, 30 per cent of one month prior HPB and 20 percent 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 fulfil 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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Wednesday, 08 October 14
OIL COULD FALL TO USD80 BEFORE SHALE SUPPLY RESPONSE - FITCH
COALspot.com: Brent oil could fall as low as USD80 a barrel before triggering a self-correcting supply response with shale-oil drillers cutting inv ...
Wednesday, 08 October 14
IS THERE ANY BRIGHT SIDE ON THE DRY BULK SEGMENT? - YANNIS OLZIERSKY
In the movie “Life Of Brian”, a character on a nearby cross was singing the famous “Always look on the bright side of life” ...
Tuesday, 07 October 14
TAIPOWER TO IMPORT 525K MT OF LOW ASH AND EXTRA LOW SULFUR SUB-BITUMINOUS COAL
COALspot.com: Taiwan Power Company intends to procure 525,000 metric tons of low ash and extra low sulfur sub-bituminous coal for Taipower thermal ...
Tuesday, 07 October 14
SUB-BIT FOB INDONESIA COAL SWAP SHOWS A FLAT TO WEAK TREND THIS PAST WEEK
COALspot.com: Indonesian coal swaps November 2014 delivery flat week on week and gained US$ 0.10 (-0.20%) per mt day on day. The swap also lost US$ ...
Tuesday, 07 October 14
THE RIO TINTO CONFIRMS THAT NO DISCUSSIONS ARE TAKING PLACE WITH GLENCORE
COALspot.com: The board of Rio Tinto notes the recent press speculation regarding a possible combination of Rio Tinto and Glencore.The Rio Tinto bo ...
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- Sakthi Sugars Limited - India
- The University of Queensland
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- Simpson Spence & Young - Indonesia
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- Wilmar Investment Holdings
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- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Marubeni Corporation - India
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- Economic Council, Georgia
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- New Zealand Coal & Carbon
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- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
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- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
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- SMC Global Power, Philippines
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- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
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- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
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- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
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- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
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- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
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- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
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- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
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- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Australian Coal Association
- Planning Commission, India
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- Ministry of Transport, Egypt
- VISA Power Limited - India
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- Holcim Trading Pte Ltd - Singapore
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- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
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