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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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Wednesday, 11 April 12
DRY BULK MARKET STILL SUBDUED, RECOVERY NOT YET SEEN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market entered the new week after the past days of easter holidays in western countries in a subdued mood. The industry’s benchma ...
Monday, 09 April 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first week of April ended with the Baltic Dry Index falling below 950 points, before Catholic Easter, and capesizes showing a modest upturn with ...
Sunday, 08 April 12
CHARTER RATES COULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI was almost at same levels closing slightly lower by 0.64 pct at 928 points.
The Cape index was up by 6.73 pct closing at ...
Friday, 06 April 12
INDONESIAN HBA FALL TO LOWEST LEVEL SINCE JANUARY 2011
COALspot.com - Indonesian HBA fall to lowest level since January 2011 this month. The monthly coal reference price for coal sales in April fal ...
Friday, 06 April 12
DRY BULK MARKET SWIFT TO HALT FALL ON RENEWED DEMAND FOR CAPESIZES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk managed to put a stop to the recent falls, which came as a result of a lacklustre demand for smaller vessel sizes. Although this trend ...
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- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- White Energy Company Limited
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- The University of Queensland
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Planning Commission, India
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
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