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Wednesday, 12 June 13
INDONESIAN COAL PRICE REFERENCE SLIDES TO 2013 LOW
 COALspot.com - Indonesian Coal Price Reference continues to take its lumps this month, dropping about 0.54 % and hitting a 2013 low. The Indonesian government’s declared coal bench mark price has lost marginally (US$ 0.46 / MT) in June 2013.
The monthly coal price reference for coal sales in June 2013 lost just 0.54 per cent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for June 2013 at US$ 84.87 per ton, US cents 46 lower than May 2013 bench mark Price.
HBA is on a rising trend since November 2012, but lost its way to reach US$ 100/ MT since April.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the May 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 June 2013.
The government of Indonesia has been publishing a monthly coal price reference (HBA & HPB) since January 2009 to be used by coal producers for all spot and term contracts. However, the full implementation of HBA has commenced since September 2011.
The June 2013 HBA is 12.19 per cent or $ 11.78 lower Y-o-Y basis.
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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 30 June 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 transhipment 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. Transhipment cost US$ 4.00/MT + Surveyor cost US$ 0.25/MT + Insurance 0.80% per shipment + Barging cost (for < 270 footer - (US$ 0.0221 X barging distance) + US$ 3.7406, for 270 - 330 footer - (US$ 0.0184 X barging distance) + US$ 3.1172 and > 330 footer - (US$ 0.0154 X barging distance) + US$ 2.6002.
The coal price reference is been established to fulfil the requirement of mining law 04/2009 and ministerial decree No.17/2010. In addition to that, it is aims to increase government revenue from royalties from coal producers.
The current coal market is not showing any upward trend in near future. According to Maureen Natasha of PT. Danareksa Sekuritas, the outlook for coal mining in Indonesia will remain challenging, given the currently depressed coal prices (down 5% average YTD) and persistent global economic headwinds. China and India combined account for more than 30% of the world’s seaborne import volume. Their dominance is expected to continue with potential growth seen in India.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Friday, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
...
Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
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Showing 11 to 15 news of total 6871 |
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- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Australian Coal Association
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
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