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Monday, 11 September 17
INDONESIAN ICPR SURGES HIGHER, POSTS BIGGEST MONTHLY RISE SINCE DECEMBER 2016, ESDM DATA SHOWS
COALspot.com: Indonesian coal benchmark price surges 9.60% in September, government data showed.
The benchmark price of Indonesian thermal coal increased US$8.06 per ton month on month to $92.03 per ton for September 2017 delivery.
The Director General of Mineral and Coal of Indonesia, the coal regulator of Indonesian coal who has an authority to declare the monthly benchmark price for Indonesian thermal coal, had declared September 2017 HBA at US$92.03 per ton for 6322 GAR power plant coal. DGoMC has increased the monthly Indonesian thermal coal price reference for September delivery by 9.60% a ton compared to last month declared HBA.
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In the meantime, the September 2017 HBA is 43.95% higher the comparable period in 2016.
The Indonesian coal price reference of September 2017 increased US$8.06 a ton compared to August 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$22.74 a ton (up 43.92% Y/Y and 9.59% M/M) for the coal with calorific value 2,995 kcal/kg on GAR with total moisture 50.10% on as received basis for September 2017 FOB vessel delivery. In the meantime, the government is also declared US$64.87per ton as HPB for 5000 GAR coal with total moisture 22.40%, Ash 8.90% and Sulphur 0.54% for September 2017 deliveries.
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The declared Indonesia thermal coal reference price (or called HBA) for February 2016 was the lowest in 105 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 September 2017 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the August 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 September 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$35.02 a ton or 27.56 per cent lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$41.11 a ton or 80.73 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 September 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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Monday, 09 October 17
INDONESIAN COAL PRICE REFERENCE HITS NEW HIGH FOR 2017
COALspot.com: Indonesian coal benchmark price surges 2.13% in October month over month, the latest ministerial decree showed.
The benchmark pr ...
Monday, 09 October 17
INDIA'S COAL IMPORTS UP 10% IN SEPT AS POWER PLANTS FACE FUEL SHORTAGE - PTI
Coal imports rose by 9.5 per cent to 18.33 million tonnes (MT) in September, after having registered year-on-year decline for five months in a row, ...
Friday, 06 October 17
U.S. WEEKLY COAL OUTPUT HAS REBOUNDED AFTER DECLINING 5 WEEKS IN A ROW
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.3 million short tons ...
Wednesday, 04 October 17
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
During the past couple of months the dry bulk market has displayed particularly strong momentum and we have been witnessing steady appetite and act ...
Tuesday, 03 October 17
VIETNAM'S COAL-FIRED THERMAL POWER DEPENDENT ON CHINA - VIETNAMNET BRIDGE
A report from the Green Innovation and Development Centre (GreenID) showed that, as of the end of last year, of 27 coal-fired thermopower plants, 1 ...
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Showing 1921 to 1925 news of total 6871 |
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- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
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- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
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- SN Aboitiz Power Inc, Philippines
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- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Thiess Contractors Indonesia
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- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Bhatia International Limited - India
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- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
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