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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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Sunday, 10 September 23
CHINA AUGUST COAL IMPORTS OF 44.3 MLN T HIT RECORD - REUTERS
China, the world’s top coal consumer, imported 44.3 million metric tons of the fuel last month, customs data showed, the highest amount in an ...
Tuesday, 22 August 23
CHINA'S COAL PRODUCTION LOGS STEADY GROWTH IN JANUARY-JULY: XINHUA
China’s output of raw coal went up 3.6 percent year on year in the first seven months of this year, official data showed.
The ...
Sunday, 13 August 23
THE COMMODITIES FEED: LNG SUPPLY RISKS LINGER - ING
Energy – OPEC sees deficit over remainder of 2023
Oil prices came under some pressure yesterday with ICE Brent settling a litt ...
Wednesday, 09 August 23
COAL TRADE TO RETURN TO 2019 LEVELS - BALTIC EXCHANGE
The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. ...
Sunday, 23 July 23
ANALYSIS-INDIA'S COAL MINING BET STUMBLES AS WARY BANKS WEIGH RISING RISKS - REUTERS
India’s drive to ramp up coal output to meet growing energy demand is faltering due to banks’ reluctance to finance newly auctioned min ...
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- Metalloyd Limited - United Kingdom
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- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Ministry of Transport, Egypt
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- Directorate General of MIneral and Coal - Indonesia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
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- Renaissance Capital - South Africa
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- Baramulti Group, Indonesia
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- India Bulls Power Limited - India
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- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
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- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
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- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
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- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Wilmar Investment Holdings
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- International Coal Ventures Pvt Ltd - India
- The University of Queensland
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- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
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- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
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- Energy Link Ltd, New Zealand
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- Planning Commission, India
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- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
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- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
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- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
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- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
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- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
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- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Parliament of New Zealand
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- Billiton Holdings Pty Ltd - Australia
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