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Monday, 06 May 13
INDONESIAN COAL PRICE REFERENCE FALLS CONTINUE
 COALspot.com - The Indonesian government’s declared coal bench mark price has lost $ 3.23 / MT in May 2013.
The monthly coal price reference for coal sales in May 2013 lost 3.65 percent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for May 2013 at US$ 85.33 per ton, US$ 3.23 lower than April 2013 bench mark Price.
HBA is on a rising trend since November 2012, but lost its way to reach US$ 100/ MT since last month.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the March 2013 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-5900 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25%.
Assessment basis of coal price reference 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 applicable for spot contract, delivery between 1 – 30 April 2013.
The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since January 2009 to be used by coal producers for all spot and term contracts. However, the full implementation of HBA has started only since September 2011.
The May 2013 HBA is 16.44 percent or $ 16.79 lower Y-o-Y basis.
February 2011 declared HBA was the highest since the launching of HBA by government of Indonesia (US$ 127.05 / MT) but lowest was declared in May 2009 (US$ 62.83/ MT).
The price was only valid for the spot price (loading on or before 31 May 2013), while as for term price (up to 12 months supplies), the average reference price (HPB) of the previous three months will be used to determine the selling price. (50% of the latest available month HPB, 30% of one month prior HPB and 20% of two-month prior HPB).
Government also declared price marker for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are acted as the benchmark and used to calculate other 63 coal types with a quality similar to the coal price markers.
For sales in the barge, the reference price is reduced by barging and transshipment costs from barge to vessel. Government has recently issued a regulation (644.K/30/DJB/2013 dated 21 March 2013) to regulate or determine coal prices on FOB barge. Government also fixed the freight for barging, surveyor, insurance and etc.. to determine FOB barge price.
The coal price reference, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Friday, 01 December 23
COAL MINERS GROUP EXPECTS INDONESIA’S 2023 COAL OUTPUT TO SURPASS TARGET - REUTERS
The Indonesian Coal Mining Association (ICMA) expects the country’s 2023 coal output to surpass the official target of 695 million metric ton ...
Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2 ...
Friday, 24 November 23
COAL SHIPMENTS TO ADVANCED ECONOMIES DOWN 17% SO FAR IN 2023 - BIMCO
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electric ...
Friday, 24 November 23
INTELLIGENT COAL MINES CONTRIBUTE TO IMPROVING SAFETY STANDARDS - CHINA DAILY
Mechanization, automation and intelligent upgrades have contributed to improved safety in coal mines, though the level of development of intelligen ...
Friday, 24 November 23
WHY AUSTRALIA'S COAL MINES ARE GETTING BIGGER - IEEFA
Australia’s largest coal mines are getting larger. Mines in New South Wales (NSW) are ramping up production following the state’s recov ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
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- Therma Luzon, Inc, Philippines
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- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
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- The University of Queensland
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Planning Commission, India
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- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
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- Goldman Sachs - Singapore
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- White Energy Company Limited
- ICICI Bank Limited - India
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- Georgia Ports Authority, United States
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- Indian Oil Corporation Limited
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- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
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- Antam Resourcindo - Indonesia
- Economic Council, Georgia
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- Australian Commodity Traders Exchange
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- Interocean Group of Companies - India
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- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
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- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
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- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
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- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
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- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
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- Energy Link Ltd, New Zealand
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- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
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- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
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- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
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- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
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- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Australian Coal Association
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- Power Finance Corporation Ltd., India
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- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
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- Orica Australia Pty. Ltd.
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- Altura Mining Limited, Indonesia
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- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
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