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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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Friday, 04 August 17
IMPORTED COAL CONTINUES TO BE A COMPETITIVE, SAFE AND RELIABLE ENERGY SOURCE FOR GERMANY - VDKI
COALspot.com: Worldwide hard coal production in 2016 declined by 3.8% to 6.7 billion tonnes.
According to the Germany Coal Importers Associati ...
Thursday, 03 August 17
SUPRAMAX: INDO TO CHINA COAL ROUNDS ARE GETTING FIXED AROUND MID $8000 - FEARNLEYS
In the Pacific rates have remained weak and under pressure this week with most routes softening.
Indo/China coal rounds are getting fixed arou ...
Thursday, 03 August 17
BUMI RESOURCES COAL SALES RELATIVELY FLAT AT 41.5 MILLION TONS IN 1H' 17; REPORTS US$162.3 MILLION PROFIT IN FIRST SEMESTER
COALspot.com: The BUMI Resources, Indonesia’s one of the largest coal producer, has reported a net income of $162.3 million in 1H’ 17 c ...
Wednesday, 02 August 17
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
During the duration of the first half of the year, the dry bulk market saw intense buying interest that boosted SnP prices significantly. We saw a ...
Monday, 31 July 17
KOMIPO INVITES BIDS FOR 750K MT OF 5,700 KCAL/KG NAR COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 750,000 Metric Tons of Bituminous coal for its B ...
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Showing 1986 to 1990 news of total 6871 |
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- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
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