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Friday, 07 September 12
HBA GAINS $ 1.56 PER MT IN SEPTEMBER
 COALspot.com - The Indonesian government’s declared coal reference price has gained US$ 1.56 per MT M-o-M. This is the first gain since March 2012.
The monthly coal reference price for coal sales this month gain 1.84 percent from last month. August HBA was the lowest since September 2010, but September HBA took a "U" turn on positive direction. However this gain is really going to reflect the current market or going to improve the cuurent conditions of miners is subject to debatable. Coal producers are struggling to manage their coal mines due to low demand and price. The current high International oil prices are pushing production cost upward, however in the meantime, buyers are looking for lower coal prices.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for September 2012 loading at US$ 86.21 per ton, 1.84% higher than August 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 August 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 – 30 September 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 September 2012 HBA was 25.85 percent or $ 30.05 lower Y-o-Y basis.
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The price was only valid for the spot price (loading on or before 30 September 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 within 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, 08 September 12
INDO INDIA ROUTE FREIGHT FOR SUPRAMAX REMAINS STRONG - CAPT. REDDY
COALspot.com - The freight market overall remained weak and except for cape index all other sectors were down. The biggest drop was in the Panamax s ...
Saturday, 08 September 12
RIO TINTO COMPLETES ACQUISITION OF BHP BILLITON'S INTERESTS IN RICHARDS BAY MINERALS
Rio Tinto has doubled its holding in Richards Bay Minerals (RBM) following the completion of its acquisition of BHP Billiton’s entire inte ...
Thursday, 06 September 12
SOME ANCHORED PANAMAX VESSELS WAITING FOR CARGOS TO COME
Handy
According to Fearnleys weekly report, in the smaller segments Fearnleys sees little to no changes since last week. There are still entering s ...
Thursday, 06 September 12
DRY BULK CARRIERS STILL IN HIGH DEMAND AMONG SHIP OWNERS, BUT NEWBUILDING ACTIVITY SLIDES IN AUGUST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The slide of the dry bulk market this year hasn't abated ship owners' appetite for dry bulk carriers, as evidenced by the steady interest expresse ...
Tuesday, 04 September 12
SHIP OWNERS' COMPETITION LEADS TO TANKER FIXTURES BELOW OPERATING COSTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners operating in the VLCC tanker markets are increasingly finding it difficult to obtain even breakeven rates for their vessels, as competit ...
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- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
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