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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, 03 September 14
CFR S.CHINA COAL SWAP FOR JAN 2015 DELIVERY CLOSED AT $ 68.30 PMT; DOWN 2.43% W-O-W
COALspot.com: API 8 CFR South China Coal swap for delivery in October 2014 decreased US$ 0.95 (-1.39%) day on day and US$ 1.40 (-2.03%) week on wee ...
Tuesday, 02 September 14
BERAU COAL HAS AWARDED A CONTRACT EXTENSION TO BUMA FOR 647 MLN BCM OVERBURDEN REMOVAL
COALspot.com: PT Delta Dunia Makmur Tbk (“DOID”) has announced that its primary operating subsidiary, PT Bukit Makmur Mandiri Utama (&l ...
Monday, 01 September 14
GLOBALCOAL WELCOMES TWO NEW MARKET MEMBERS
COALspot.com: globalCOAL® announced today that two Market Members have joined its trading community. Both new Market Members are from the India ...
Sunday, 31 August 14
COAL FREIGHT RATES INTO INDIA FROM INDONESIA FIRM
COALspot.com: The freight market continued to firm this week. BDI up 5.42 percent week ended 29 August and closed at 1147 points while the Ca ...
Saturday, 30 August 14
INDIAN GOVERNMENT SHOULD TAKE NOTICE: THERMAL COAL IMPORT PRICES EXTREMELY LOW - COMMODORE RESEARCH
COALspot.com: Both Indonesian and Australian thermal coal prices are at the lowest levels seen this decade, with Indonesia's monthly benchmark ...
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- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- The University of Queensland
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Australian Coal Association
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- White Energy Company Limited
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
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