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Wednesday, 20 December 17
INDONESIAN HBA FELL FOR THE FIRST TIME IN SIX MONTHS, GOVERNMENT DATA SHOWS
 COALspot.com: HBA fell 0.80 per cent in December, marking the first fall for the Indonesian Coal Price Reference ( HBA) since June 2017, the latest ministerial decree showed.
The benchmark price of Indonesian thermal coal has decreased US$ 0.76 per ton month on month to $ 94.04 per ton for December 2017 delivery.
The Minister of Energy and Mineral Resources Republic Indonesia had declared December 2017 HBA at US$94.04 per ton for 6322 GAR power plant coal by issuing a ministerial decree 4120 K / 32 / MEM / 2017 dated 8 December 2017.
The Minister of Energy and Mineral Resources Republic Indonesia has decreased the monthly Indonesian thermal coal price reference for December delivery by 0.80% a ton compared to last month's declared HBA. In the meantime, the December 2017 HBA was 7.52 % lower the comparable period in 2016.
An increase or decrease in four international coal indices such as Indonesia Coal Index (ICI), Platts-5900, Newcastle Export Index (NEX) and Global coal Newcastle Index (GCNC) will cause an increase or decrease in Indonesian coal price reference every month, as HBA is linked to those international coal indices. The ministerial decree 4120 K / 32 / MEM / 2017 dated 8 December 2017 has not given any details about formation of HBA/HPB.
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.
The declared Indonesia thermal coal reference price (or called HBA) for February 2016 was the lowest in 108 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 December 2017 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the November 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 December 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$ 33.01 a ton or 25.98% lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 43.12 a ton or 84.68% 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 December 2017), while (as per previous HBA note) 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 used to declaring the price marker for eight brands of Indonesia's coal, which were 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. However this time, the government was Issued price for HBA and no HPB prices was published.
COALspot.com, has utilized its own calculator which was developed based on HBA/HPB formula and terms and condition declared by DGoMC to calculate HPB prices for eight major brands and for other types of coals. The government has stopped declaring formulas or methodologies that used to calculate either HBA or HPB.
Click here for full details of Indonesian coal price reference since January 2009. (cs)
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Monday, 15 January 18
QUEENSLAND SHIPPED 210.8 MT OF COAL IN 2017, DOWN 5% YOY QUEENSLAND RESOURCES COUNCIL
Queensland's coal exports over the 12 months reached 210.8 mt which is down 10 mt or 5 per cent from the previous year’s record of 220.8 ...
Thursday, 11 January 18
SUPRAMAX: INDO TO CHINA COAL ROUNDS FIXING AT AROUND $10K - FEARNLEYS
Supramax
USG rates improved both for backhaul and fronthaul, Ultras from USG to Japan receiving around $26k daily while supras 1-2k less for same ...
Wednesday, 10 January 18
2018: IT IS PROJECTED, THE SHIPBUILDERS WILL DELIVER FOUR HUNDRED FORTY NEW VESSELS IN 2018
Headlines from IMF's 2017 – World Economic Outlook:
January 2017 - “After a lacklustre outturn in 2016, economic activity is p ...
Tuesday, 09 January 18
INDONESIAN GOVERNMENT DECLARED COAL REFERENCE PRICE UP IN JANUARY
COALspot.com: the Indonesian Coal Price Reference ( HBA) rose 1.60 per cent in January 2018, the latest ministerial decree showed.
The benchma ...
Friday, 05 January 18
U.S. WEEKLY COAL OUTPUT FELL 32.4% PER CENT WEEK OVER WEEK, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 10.5 million short tons ...
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Showing 1831 to 1835 news of total 6871 |
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- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- White Energy Company Limited
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- PTC India Limited - India
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- MS Steel International - UAE
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
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