We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
|
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.
|
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)
COALspot.com makes no warranties, express or implied, as to the accuracy adequacy or completeness of the information and assumes no liability in connection with any party use of it. The information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
COALspot.com will endeavor to update information where appropriate but is under no obligation to do so. All third party users of this website and or data produced or published by the COALspot.com do so at their own risk.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 25 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE FOURTH WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.5 million short ton ...
Wednesday, 20 September 17
SHIPPING MARKET INSIGHT - INTERMODAL
An undoubtedly interesting market lately is the newbuilding market, in which we are witnessing numerous orders across all sectors and sizes. At the ...
Monday, 18 September 17
COAL PRICES WERE RELATIVELY UNCHANGED WEEK OVER WEEK - ANZ
COALspot.com: Coal prices were relatively unchanged, with most interest remaining in the thermal coal market said Daniel Hynes. However, falling st ...
Monday, 18 September 17
PROSPECTS ARE NOT SO CLEAR CUT FOR COAL - CLARKSONS
Prospects are not so clear-cut for coal. According to Clarksons, coal has been a key energy source since the Industrial Revolution and in 2016, ste ...
Friday, 15 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE THIRD WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
|
|
|
Showing 1936 to 1940 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
|
| |
| |
|
