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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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Thursday, 10 March 16
IT FEELS SAFE TO SAY THAT THE MARKET IS SLOWLY AND PAINFULLY REGAINING ITS BALANCE
With the BDI marking its third consecutive positive weekly closing, it feels safe to say that the market is regaining its balance; slowly and painf ...
Wednesday, 09 March 16
U.S. COAL EXPORTS DECLINED 24% (74 MMST) IN 2015; COAL PRODUCTION IS EXPECTED TO DECREASE BY 111 MMST IN 2016 - EIA
U.S. Coal Supply
EIA estimates that U.S. coal production for February 2016 was 54 million short tons (MMst), a 4 MMst (7%) decrease from the prev ...
Wednesday, 09 March 16
RI MAY HAVE TO IMPORT COAL FOR FUTURE POWER PLANTS: STUDY - THE JAKARTA POST
With coal prices continuing to decline, Indonesia will struggle to provide the coal needed to fire up its power stations in the near future, a stud ...
Tuesday, 08 March 16
THE DRY CARGO MARKET ENDURED ONE OF ITS MOST DIFFICULT YEARS IN 2015, EXPERIENCING LOWS NOT SEEN SINCE THE MID 1980S - CLARKSONS
Whilst shipping and offshore markets have seen some good opportunities during 2015, overall there have been unprecedented challenges, so we are ver ...
Monday, 07 March 16
INDONESIAN 5700 GAR COAL INDEX DECLINE $0.05 A TON WEEK OVER WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.28 percent week over week to averaging $38.66 per ton on this past Friday, ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Alfred C Toepfer International GmbH - Germany
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- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
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- Kohat Cement Company Ltd. - Pakistan
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- Economic Council, Georgia
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- Price Waterhouse Coopers - Russia
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- London Commodity Brokers - England
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- Australian Coal Association
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- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
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- Indian Oil Corporation Limited
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- Bhoruka Overseas - Indonesia
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- Parliament of New Zealand
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- Timah Investasi Mineral - Indoneisa
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- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
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- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
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- Ministry of Transport, Egypt
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- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
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- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
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- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
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- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
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- Lanco Infratech Ltd - India
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- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
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- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
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- Eastern Coal Council - USA
- Deloitte Consulting - India
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- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
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- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
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- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
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- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
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- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
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- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
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- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
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- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
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- Sarangani Energy Corporation, Philippines
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- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
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- Bukit Baiduri Energy - Indonesia
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- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
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- Mercator Lines Limited - India
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