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Friday, 07 April 17
INDONESIAN GOVERNMENT DECLARED SPOT COAL PRICES STAGE FIRST INCREASE OF THE YEAR
 COALspot.com: Indonesian government declared coal benchmark price rose slightly in April, government data showed.
The benchmark price of Indonesian thermal coal increased 0.70 percent month on month to $82.51 per ton for April 2017 delivery.
The Director General of Mineral and Coal of Indonesia, the coal regulator of Indonesia who has an authority to declare the monthly benchmark price for Indonesian thermal coal, had declared April 2017 HBA at US$ 82.51 per ton for 6322 GAR power plant coal. DGoMC has increased the monthly Indonesian thermal coal price reference for April delivery by lesser than one percent a ton.
In the meantime, the April 2017 HBA was 57.70% higher the comparable period in 2016.
The Indonesian coal price reference of April 2017 increased US$ 0.61 a ton from March 2017. 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 Indonesian coal price reference every month, as HBA is linked to those international coal indices.
The coal price reference in Indonesia was established to fulfil 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$ 20.39 a ton (up 57.69% Y/Y and up 0.74% 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 April 2017 FOB vessel delivery. In the meantime, the government is also declared US$ 58.52 per ton as HPB for 5000 GAR coal with total moisture 22.40%, Ash 8.90% and Sulphur 0.54% for April 2017 deliveries.
The declared Indonesia thermal coal reference price (or called HBA) for February 2016 was the lowest in 100 months or since launching of HBA by the government of Indonesia. The royalties and taxes will be calculated based on this declared HPB. Interestingly, the highest monthly average price occurred in February 2011, while the lowest coal price also occurred in February 2016.
Indonesian coal benchmark price for April 2017 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the March 2017 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 – 30 April 2017.
The highest benchmark price was declared by the Ministry of Energy & Mineral Resources of Indonesia in February 2011, and this month’s declared price is around US$ 44.54 a ton or 35.06 per cent lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 31.59 a ton or 62.04 per cent higher compared to Feb’ 16 benchmark price, which was the lowest price ever declared by DGoMC.
The government of Indonesia was publishing a monthly coal price reference (HBA & HPB) since February 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 30 April 2017), 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's HPB (this month) 30% one month prior HPB and 20% of two-month prior HPB).
The government is also declaring the 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.
Indonesian coal prices have started to move towards South since mid of November after rallying for around 6 months in 2016. China’s production cuts relaxation caused lesser imports into China, which pushed down the global coal price from its recent rally. The market players are forecasting that the coal prices will likely stay flat or stable in this quarter.
The coal market was oversupplied due to high production and sluggish demand for coal consuming countries in the past few years. Once the real tight supply market established, we hope it will keep the coal prices at a stable level in the coming months/years. However, in fact, the change in China’s coal output directions will always play a major role to decide the direction of coal prices in the short term.
Indonesia today’s world’s largest coal exporter, is trying to push more coal to domestic market than export market. Once Indonesia’s 35000 MW power plant ambitions comes into reality, then coal exports from Indonesia expected to be reduced drastically compared to current levels and the coal prices for domestic supplies will be stable.
Click here for full details of Indonesian coal price reference since January 2009.(cs)
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Wednesday, 12 April 17
SHIPPING MARKET INSIGHT - VASSILIS VASSILIOU
The first quarter of 2017 started relatively busy for the ship repair sector, with most of the repair facilities being nearly fully occupied till t ...
Monday, 10 April 17
THE CAPE INDEX WAS DOWN BY 16.32% WEEK OVER WEEK
COALspot.com: The Freight market was steady week over a week except for Cape. The cape index was down 16.32 percent week over week.
The Baltic ...
Friday, 07 April 17
U.S WEEKLY COAL OUTPUT ALMOST FLAT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.5 million short tons ...
Thursday, 06 April 17
PANAMAX: THE MARKET HAS CONTINUED THE FIRM SENTIMENT FROM LAST WEEK IN BOTH HEMISPHERES - FEARNLEYS
Supramax
With holidays in Asia, the week has started very slow in Pacific. Some fixtures have still been done and levels have remained quite stab ...
Wednesday, 05 April 17
THE AVERAGE SECOND HAND PANAMAXES AND CAPES PRICES FOR A 5-YR OLD VESSEL HAS INCREASED MORE THAN 19% AND 20% RESPECTIVELY M/M - INTERMODAL
With the help of what so far appears to be a very strong grain season together with the fact that imports from China have remained so far robust in ...
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- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
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- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- White Energy Company Limited
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- The University of Queensland
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
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- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
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