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Monday, 07 May 12
INDONESIAN HBA FALL AGAIN IN MAY 2012
 COALspot.com - Indonesian HBA fall again to lowest level since January 2011 in May 2012. The monthly coal reference price for coal sales in May fell 3.30%, the lowest dropped in last 17 Months.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for May 2012 at US$ 102.12 per ton, US$ 3.49 lower than April 2012 Price.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the April 2012 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-1 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 - 31 May 2012.
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 2012 HBA was 13.17% or $15.49 lower on Y-o-Y basis.
The price was only valid for the spot price (loading before 31 May 2012), while as for term price (up to 12 months supplies), the average reference price (HPB) of the previous 3 months will be used to determine the selling price. (50% of latest available month HPB, 30% of one month prior HPB and 20% of two months prior HPB).
Government also declared reference price 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 61 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transshipment 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. According to industry, all existing coal supply agreements with Indonesian coal mining companies have revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
The Indonesian government is also expecting to introduce a coal export duty for coal in near future. According to officials, the proposal is in discussion among the high level officers to determine the percentage of duty. There will be two different types of duty could be introduced such as lower duty for higher calorific value coal and higher duty for unprocessed lower calorific value.
The government also has recently introduced export duty for unprocessed minerals but coal was missing in the recent regulation. Indonesian coal producers were asked to add value for their product such as washing, crashing, blending and upgrading to have a higher-value product prior to eye on the export market and avoid proposed export ban.
In coming months Indonesian coal industry can see number of new regulations.
Click here for complete details of Indonesian coal reference prices since January 2009.(cs)
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Sunday, 17 June 12
S7 & S8 ROUTES ARE LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI gained some increase after continues fall for several weeks.
The BDI increased by 47 points (up by 5.36 pct) closing at 92 ...
Saturday, 16 June 12
INDONESIAN SUB-BITUMINOUS COAL & CFR SOUTH CHINA COAL CONTRACT SWAPS ARE UNDER PRESSURE
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries seems to be under pressure this week.&nbs ...
Friday, 15 June 12
CAPESIZE - THE LEVELS THAT DID FIX ARE DOWN W-O-W LEVELS - FEARNLEYS
Handy
Another slow-moving market with rates hovering at same level as last week. US Gulf positions fixed USD 25,000 for trips to Cont/Passero and S ...
Thursday, 14 June 12
SMALLER DRY BULK CARRIERS LIKELY TO FACE MORE CHALLENGES; DEMOLITION ACTIVITY SET FOR RECORD YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest update on the dry bulk markets, BIMCO said that China is partly “failing to deliver” on raw material imports that can affe ...
Wednesday, 13 June 12
LOW COAL PRICES COULD CHANGE SUPPLY SIDE DYNAMICS - FITCH RATINGS
Fitch Ratings believes that the weakness seen in thermal coal prices in recent months should reverse once demand from major importers recovers, alth ...
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- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Planning Commission, India
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
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