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Wednesday, 15 October 14
INDONESIAN COAL PRICE REFERENCE FELL TO FRESH MULTI-YEAR LOWS IN OCTOBER
 COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in October 2014.
HBA for the month of October sets at US$ 67.26, US$ 2.43 lesser than last month HBA of US$ 69.69 per MT. The declared Indonesian Coal Price Reference for this month is the lowest since October 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 around 28 - 30 million per month despite low coal prices. The government of Indonesia recently introduced ET-Batubara requirement to control coal export flow out of country.
October declared HBA is 7.05% or US$ 4.43 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 October 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 October 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 October 2014 was 12.20% or $ 9.35 lower compared to the same period in year 2013 and also US$ 59.79 or 47.06% lower compared to all time high declared 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).
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In the meantime, this month declared HBA was the lowest declared price in 2014. October HBA lost 17.88% or US$ 14.64 pmt since January 2014. The government has sets January 2014 HBA at US$ 81.90 per Mt.
The price was only valid for the spot price (loading on or before 31 October 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% 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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Sunday, 23 November 14
ITALY'S STEAM COAL IMPORTS TO DROP BY 11% IN 2014 - ASSOCARBONI
COALspot.com: Italy’s steam coal imports expected to drop to 16 million tons in 2014 (-11% compared to 2013); coking coal imports to plunge t ...
Saturday, 22 November 14
THE FALL IN BUNKER PRICES REDUCE FUEL COSTS SIGNIFICANTLY - BIMCO, PETER SAND
For a ship that burns 24 tonnes of fuel per day while steaming, fuel costs are reduced by as much as USD 1 million a year if current price level st ...
Saturday, 22 November 14
DRY BULKERS NEWBUILDING DELIVERIES REACHED 11.8 MILLION DWT DURING THIRD QUARTER, NET FLEET GROWTH FOR 2014 TO REACH 5% - HELLENIC SHIPPING NEWS
The dry bulk market has rebounded since its less than impressive performance since the start of the year, but overall, third quarter figures could ...
Friday, 21 November 14
BUMI ENTERS INTO CONDITIONAL SALE & PURCHASE AGREEMENT TO SELL FBS STAKE
COALspot.com: PT Bumi Resources Tbk, one of the Indonesia's largest coal producers confirms that it has executed a Conditional Sale and Purchas ...
Friday, 21 November 14
U.S LAST WEEK'S COAL PRODUCTION STAYS FLAT W-O-W
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.9 million short tons (mmst) of coal ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
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- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
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- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
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- London Commodity Brokers - England
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- Metalloyd Limited - United Kingdom
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- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
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- Merrill Lynch Commodities Europe
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- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Australian Coal Association
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
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