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Monday, 09 May 11
INDONESIA HBA FALL BELOW $118
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the May 2011 Indonesian Coal Reference Price for thermal coal at US$ 117.61 per ton, which was 3.61 percent lesser than April 2011 price of US$ 122.02.
The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term contracts. The May HBA was 27.73 percent higher Y-o-Y.
Coal reference price (HBA), the price has calculated based on a monthly average (previous month) of the Indonesia Coal price Index (ICI-1), Platts-1, Newcastle Export Index (NEX) and the New Castle Global Coal Index (GC) from the previous month.
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%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 31 May 2011.
Any deliver of cargo after 31 May, must be used June 2011 HPB unless the deliveries fall under term contract.
Director General Mineral and Coal have declared today coal reference price for May 2011. The declared HBA was at US$ 117.61 per ton FOB vessel a marginal drop of US$ 4.41 per ton or down 3.61 percent compared with April 2011 Coal reference price. Government has taken around nine days to release this month HBA.
The declared ICRP for this month was dropped by US$ 0.41 per mt and it was the third continues drop since March 2011.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are act as benchmark and used to calculate other 52 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transhipment costs from barge to vessel.
The coal reference price, 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 details of Indonesian coal reference prices since Feb 2010.(cs)
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Friday, 18 October 13
WOOD MACKENZIE FORECASTS CHINA WILL OUTWEIGH THE REST OF THE WORLD FOR BASE METALS DEMAND BY 2017
China set to account for 52% of 117mt base metals market by 2017
China is on track to exceed rest of the World demand by 2017, becoming the singl ...
Friday, 18 October 13
DRY BULK MARKET ON "PAUSE" MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been on "pause" mode over the past week, after China's return from the week long holidays. The industry's benchm ...
Friday, 18 October 13
US PRODUCED 6.7% MORE COAL W-W
COALspot.com – United States the world’s second largest coal producer produced approximately 18.9 million short tons (mmst) of coal in a ...
Thursday, 17 October 13
CAPESIZE: RATES ARE AGAIN MOVING UPWARDS - FEARNRESEARCH
Handy
Activities were obviously slowed down in the Pacific basin. There were only few coal movements which fixed around USD 15-16k for ships in Sin ...
Thursday, 17 October 13
SGX TO LAUNCH "SGX THERMAL COAL FUTURES" NEXT MONDAY
COALspot.com: SGX is to launch two thermal coal futures contracts, SGX API 8 CFR China Coal Index Futures and SGX IHS McCloskey Indonesian Sub-bit F ...
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- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
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- Larsen & Toubro Limited - India
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- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
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- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Merrill Lynch Commodities Europe
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
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- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- The University of Queensland
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- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
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- Holcim Trading Pte Ltd - Singapore
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- White Energy Company Limited
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- Neyveli Lignite Corporation Ltd, - India
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- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
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- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
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- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
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- Eastern Energy - Thailand
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- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
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- India Bulls Power Limited - India
- London Commodity Brokers - England
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
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- Bhushan Steel Limited - India
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- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
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- Thiess Contractors Indonesia
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- Energy Link Ltd, New Zealand
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- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Edison Trading Spa - Italy
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- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
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