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Tuesday, 08 March 16
INDONESIA HIKES COAL BENCHMARK PRICE FOR THE FIRST TIME IN 12 MONTHS
COALspot.com: Low coal demand and excess supplies sent Indonesian benchmark coal price further deep in February 2016, but up slightly in March. HBA has climbed first time in last twelve month.
The Director General of Mineral and Coal of Indonesia, who has authority to declare monthly bench mark price for Indonesian thermal coal, revised up Indonesian coal benchmark price for March 2016. The Mineral and Coal department has declared March 2016 HBA at US$ 51.62 per ton for 6322 GAR power plant coal on 7 March 2016.
The March 2016 HBA up nearly 1.37% from last month but declined 23.82% the comparable year-to-date price in 2015.
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The March 2016 price reference for Indonesian coal up 1.37% or US$ 0.70 a ton from February 2016. The March Indonesia benchmark price for coal was off 23.82% from the March 2015 price of US$ 67.76 a ton. An increase or decrease in four international coal indices such as ICI-1, Platts-5900, NEX and GC will cause an increase or decrease in HBA every month, as HBA was linked to those indices.
The coal price reference is being established to fulfill the requirement of mining law 04/2009 and ministerial decree No.17/2010. In addition to that, it aims to increase government revenue from royalties from coal producers.
According to the data from Director General shows that, the government has fixed US$ 12.76 a ton (rose 1.43 per cent month on month) for the coal with calorific value 2,995 kcal/kg on GAR with total moisture 50.10% on as received basis for March 2016 FOB vessel delivery. In the meantime, the government also declared US$ 37.92 per ton as HPB for 5000 GAR coal with total moisture 22.40%, Ash 8.90% and Sulphur 0.54% for March 2016 deliveries.
The March 2016 Indonesian thermal coal reference price (or called HBA) was the lowest in 86 months or since launching of HBA by the government of Indonesia in January 2009. The royalty and taxes will be calculated based on this declared HPB.
Indonesian coal benchmark price for March 2016 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the January 2016 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-5900 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25% and its 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 apply to spot contract, delivery between 1 – 31 March 2016.
The highest benchmark price was declared by the Ministry of Energy & Mineral Resources of Indonesia in February 2011, 5 years ago and price was US$ 76.43 a ton or 146.12 per cent higher compared to this month's bench mark price.
The government of Indonesia was 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 and 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 a particular period.
HBA of February 2011 was the highest since the launching of HBA by the government of Indonesia (US$ 127.05 / MT for 6322 GAR coal) and the lowest was declared in February 2016 (US$ 50.92 / MT).
The declared HBA in this month is valid for the spot price (loading on or before 31 March 2016), while as for term price (up to 12 months supply), 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 (this month) 30% one month prior HPB and 20% of two-month prior HPB).
The government also declared price marker for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands act as the benchmark and used to calculate other 67 coal types with a quality similar to the coal price markers.
The excess of coal supplies and weak demand, fast developments of renewable energy and fall in oil prices are still to be blamed for obstacle of price recovery or the main reasons of falling of coal prices. According to small scale miners, today’s coal price levels are no more supporting any new investments or new explorations in coal mines. Some Indonesian big scale miners are increasing the production to keep their bottom line healthy while small scale miners either closing down the operation or downscale the operation to keep a float at this difficult time.
Click here for full details of Indonesian coal price reference since January 2009.(cs).
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Monday, 28 March 16
THE SUPRAMAX INDEX WAS UP TWENTY-FOUR POINTS TO 473 POINTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 25 March 16
DRY BULK SHIPPING FLEET WILL GROW BY 1.3% DURING 2016 - BIMCO | HELLENIC SHIPPING NEWS
The dry bulk market will keep on suffering, at least until the start of 2017 and possibly well after that, should the current balance of supply and ...
Friday, 25 March 16
U.S COAL PRODUCTION DECLINED 9.1% W/W - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 11.3 million shor ...
Thursday, 24 March 16
PERSISTENT OVERCAPACITY TO PROLONG CHINA'S COAL SECTOR DOWNTURN - FITCH
China's coal sector is likely to remain under pressure in the short to medium term as structural weaknesses in demand and overcapacity persist, ...
Thursday, 24 March 16
SEABORNE TRADE: CHECKING UP ON THE TRENDS - CLARKSON RESEARCH
Following a decline in 2009, seaborne trade grew on average by 4.9% p.a. in 2010-13, reflecting booming import demand in a number of key importing ...
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- Bangladesh Power Developement Board
- Romanian Commodities Exchange
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- McConnell Dowell - Australia
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- Edison Trading Spa - Italy
- Bhatia International Limited - India
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
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- Bhoruka Overseas - Indonesia
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- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
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- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
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- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
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- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
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- Central Electricity Authority - India
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- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- PTC India Limited - India
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
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- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Bharathi Cement Corporation - India
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