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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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Wednesday, 24 August 16
DRY BULK VESSELS FACE CONTINUED DISTRESS - CLEAR ASSET
Dry bulk vessels have faced extreme distress in recent years. With a combination of factors including newer vessels being ordered with up to 5-year ...
Tuesday, 23 August 16
4200 GAR COAL INDEX CLIMB 15.96% YEAR TO DATE - CS COAL INDEX
COALspot.com: Average 4200 GAR coal index of Indonesian origin rose 1.65 % week over week to averaging $31.46 per ton this past week, shows CS (i) ...
Tuesday, 23 August 16
KOMIPO TO IMPORT 250K OF 5,700 KCAL/KG NAR COAL FOR Q4' 16
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for total 250,000 Metric Tons of Bituminous Coal for ...
Monday, 22 August 16
INDONESIA'S CS 5000 GAR THERMAL COAL INDEX, ROSE TO A 57-WEEKS HIGH TO TOP $43.47 A TON
COALspot.com: Indonesia’s CS 5000 GAR thermal coal index, rose to a 57-weeks high to top $US43. 47 a ton in the latest week, extending a 18-w ...
Monday, 22 August 16
THE FREIGHT MARKET WAS STEADY THIS PAST WEEK; CAPE INDEX DECLINE 5.38%
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
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- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Planning Commission, India
- Bulk Trading Sa - Switzerland
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