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Monday, 04 July 16
INDONESIA COAL PRICE REFERENCE CLIMBED 2.30% IN JULY
COALspot.com: The Indonesia Coal Benchmark Price increased in July 2016.
The Director General of Mineral and Coal of Indonesia, the regulator of Coal industry in Indonesia who has authority to declare monthly benchmark price for Indonesian thermal coal, has declaring Indonesia coal benchmark price every month. The Mineral and Coal department had declared July 2016 HBA at US$ 53 per ton for 6322 GAR power plant coal on 1 July 2016.
The July 2016 HBA up nearly 2.3% from last month and declined 10.41% the comparable period in 2015.
The July 2016 price reference for Indonesian coal up 2.3% or US$ 1.19 a ton from June 2016. The July Indonesia benchmark price for coal was off 10.41% from the July 2015 price of US$ 59.16 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 is linked to those indices.
The coal price reference in Indonesia was 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$ 13.10 a ton (up 2.34 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 July 2016 FOB vessel delivery. In the meantime, the government is also declared US$ 38.84 per ton as HPB for 5000 GAR coal with total moisture 22.40%, Ash 8.90% and Sulphur 0.54% for July 2016 deliveries.
The February 2016 Indonesia thermal coal reference price (or called HBA) was the lowest in 91 months and also since launching of HBA by the government of Indonesia in January 2009. The royalty and taxes will be calculated based on this declared HPB.
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Indonesian coal benchmark price for July 2016 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the June 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 July 2016.
The highest benchmark price was declared by the Ministry of Energy & Mineral Resources of Indonesia in February 2011, and this month declared price is around US$ 74.05 a ton or 58.28 per cent lower compared to Feb’ 11 benchmark 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 July 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 attractive oil & Gas prices are still to be blamed for obstacle of price recovery or the main reasons for falling of coal prices. The unbalanced supply-and-demand equation means pricing won’t rebound meaningfully and the market becomes buyer's market and giving buyers an advantage over sellers in price negotiations.
According to coal miners, today’s coal price levels are no more supporting any new investments or new explorations in coal mine sectors. Some Indonesian large scale miners are increasing the production to keep their bottom line healthy while some other miners decreasing coal output to keep their coal supply tight. According to market information, small scale coal miners as well as ultra low calorific coal producers either closing down their operation or downscale the operation to keep themselves afloat at this difficult time.
A few large scale coal miners in Indonesia has already reduced their production in 2016 to address the current low price.
Click here for full details of Indonesian coal price reference since January 2009. (cs)
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Monday, 29 August 16
THE 5000 GAR THERMAL COAL INDEX HAS STRENGTHENED BY 9.90% SINCE JANUARY
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing upward and it is expected to ral ...
Monday, 29 August 16
THE FREIGHT MARKET WAS STEADY AND FIRM THIS PAST WEEK; BCI ROSE 18.74%
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
Friday, 26 August 16
WEEKLY US COAL OUTPUT UP 0.7% W/W TO 16 MMST: EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16 million short tons ...
Thursday, 25 August 16
SUPRAMAXES ARE BEING FIXED IN REGION OF $9000
Supramax
Due to Chinese coal imports which continues to source much of the tonnage in SE Asia combined with a good flow of mineral exports ex Aus ...
Wednesday, 24 August 16
MARKET INSIGHT
Brazil and the world bid farewell on Sunday to the first Olympic Games in South America in the midst of a finale meant to be both one last bash and ...
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- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
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