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Saturday, 11 August 12
INDONESIAN COAL REFERENCE PRICE HAS LOST 27.78 PERCENT YOY
 COALspot.com - Indonesian HBA fell again in August.
The monthly coal reference price for coal sales this month fell 3.32 percent. HBA fell to lowest level since September 2010. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for August 2012 at US$ 84.65 per ton, US$ 2.91 lower than July 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 May 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 August 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 August 2012 HBA was 27.78 percent or $ 32.56 lower Y-o-Y basis.
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The price was only valid for the spot price (loading on or before 31 August 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 been revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
The government has recently introduced export duty for unprocessed minerals but coal was missing in the recent regulation. According to Mining law 04/2009, the coal producers of Indonesia were asked to add value for their product such as washing, crushing, blending and upgrading to have a higher-value product prior to eye on the export market and avoid proposed export ban.
Coal traders must hold IUP OPK to sell or buy coal in Indonesia. Coal traders are requested to obtain IUP OPK from mining department to sell or buy coal in Indonesia as well as to export to overseas market.
Click here for complete Indonesian coal reference prices since January 2009.(cs)
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Saturday, 01 September 12
PANAMAX FREIGHT RATES UNDER PRESSURE FROM LOW DEMAND - VISTAAR
COALspot.com - This week the freight market was weak with mixed results.
The BDI was down by 1.95 pct closing at 703 points, however there was so ...
Friday, 31 August 12
ADVERSE SHIPPING MARKET CONDITIONS SHORTENS LIFE SPAN OF VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The adverse conditions which have been put in place in the world's freight markets, means that ship owners are forced to scrap vessels of a much yo ...
Thursday, 30 August 12
INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 7K FOR DELIVERY SINGAPORE - FEARNLEYS AS
Handy
The Supra market continued its negative trend with little fresh business entering the market. Continent positions fixed around USD 4k for tri ...
Thursday, 30 August 12
DRY BULK MARKET STILL LOOKING OUT FOR BETTER DAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With things in China moving slowly this week, as a result of holidays, it’s no surprise that the latest positive trend in the dry bulk market ...
Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART TWO - JOSEPH KIRSCHKE
One of the most prominent casualties of Canada's entry into the Colombian mining sector has been a priest named Jose Reynal-Restrepo. Last Septembe ...
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- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- VISA Power Limited - India
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
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