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Wednesday, 09 August 17
INDONESIAN COAL PRICE REFERENCE INCREASE COULD CONTINUE IN THE COMING MONTHS
COALspot.com: Indonesian coal benchmark price rose 6.36% in August, government data showed.
The benchmark price of Indonesian thermal coal increased US$ 5.02 per ton month on month to $ 83.97 per ton for August 2017 delivery.
The Director General of Mineral and Coal of Indonesia, the coal regulator of Indonesia n coal who has an authority to declare the monthly benchmark price for Indonesian thermal coal, had declared August 2017 HBA at US$ 83.97 per ton for 6322 GAR power plant coal. DGoMC has increased the monthly Indonesian thermal coal price reference for August delivery by 6.36% a ton compared to last month declared HBA.
In the meantime, the August 2017 HBA was 43.86% higher the comparable period in 2016.
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The Indonesian coal price reference of August 2017 increased US$ 5.02 a ton compared to July 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 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$ 20.75 a ton (up 43.89% Y/Y and 6.36% M/M) for the coal with calorific value 2,995 kcal/kg on GAR with total moisture 50.10% on as received basis for August 2017 FOB vessel delivery. In the meantime, the government is also declared US$ 59.50 per ton as HPB for 5000 GAR coal with total moisture 22.40%, Ash 8.90% and Sulphur 0.54% for August 2017 deliveries.
The declared Indonesia thermal coal reference price (or called HBA) for February 2016 was the lowest in 104 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 August 2017 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the July 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 – 31 August 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$ 43.08 a ton or 33.91 per cent lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 33.05 a ton or 64.91 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 31 August 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 69 coal types with a quality similar to the coal price markers.
Click here for full details of Indonesian coal price reference since January 2009.(cs)
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Thursday, 10 August 17
ANOTHER ACTIVE WEEK FOR THE PANAMAXES WITH INCREASING RATES IN BOTH HEMISPHERES - FEARNLEYS
Supramax
Both basins have remained fairly flat, could say slightly to the negative. A quiet start of the week in the Pacific with holidays in Sin ...
Wednesday, 09 August 17
THE KEY IMPORTERS OF U.S. COAL FOR THE FIRST FIVE MONTHS OF 2017 ARE THE NETHERLANDS, INDIA AND JAPAN - PETER SAND, BIMCO
US seaborne coal exports have turned years of negative growth around and seem to be climbing for a third quarter in a row. The increase in total vo ...
Wednesday, 09 August 17
COAL HAS GAINED AROUND 40% OVER THE PAST TWELVE MONTHS; IRON ORE HAS MOVED FROM AROUND $50/T IN AUGUST 2016 TO OVER $70/T TODAY - INTERMODAL
During the summer’s peak, and with the markets remaining relatively quiet, we can argue that most markets have built solid foundations to enj ...
Tuesday, 08 August 17
THE BULLISH RIDE CONTINUES ON FOR THE IRON ORE MARKET - GEORGE LAZARIDIS
The bullish ride continues on for the iron ore market, with most in the market now eyeing the possibility for further gains to be had as Chine ...
Tuesday, 08 August 17
COAL SALES DESTINATION IS DOMINATED BY DEVELOPING COUNTRIES IN ASIA - ADARO
COALspot.com: Adaro Energy has produced 13.27 million tonnes of coal during the second quarter of 2017, from the mines PT Adaro Indonesia, PT Semes ...
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Showing 1976 to 1980 news of total 6871 |
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- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
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