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Sunday, 07 October 12
INDONESIAN GOVERNMENT DECLARED HBA FELL AGAIN IN OCTOBER
COALspot.com - The Indonesian government’s declared coal reference price has lost US$ 0.17 per MT M-M.
The monthly coal reference price for coal sales this month lost 0.20 percent from last month.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for October 2012 loading at US$ 86.04 per ton, 0.20 % lower than September 2012 Price.
The reference price is to be used by coal producers and suppliers for all future spot and term contracts. This coal benchmark price is stated as using a formula based on the index average of ICI-1 (Indonesia Coal Index), Platts-1, Newcastle Export Index, and global Coal Index. The assessment basis of the coal price reference was calculated considering coal with GCV 6,322kcal/kg (GAR), Total Moisture (AR) 8.00%, Total Sulphur 0.8% (AR), Ash Content 15% (AR) and delivery Free on Board (FOB) Vessel basis.
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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 October 2012.
The mining law 04/2009 and latest ministerial decree 17/2010 require a coal reference price to be established. The aim is to increase government revenue from coal royalties. The government of Indonesia has been publishing a monthly coal reference price (HBA and HPB) since January 2009, the full implementation of HBA has started only since September 2011. The HBA is changing the cost dynamic for foreign investors and international purchases as the reference price is now linked to global prices and the traditional discount applied to Indonesian coal is no longer applicable.
The October 2012 HBA is 33.20 percent or $ 27.84 lower Y-Y basis.
The price was only valid for the spot price (loading on or before 30 October 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.
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 since 23 September 2011.
“The patterns observed in the differentials suggest that when benchmark coal prices were trading well above $100/t, price-sensitive Asian buyers such as China and India turned increasingly to lower-priced, low-CV coal. As supply availability improved of the benchmark grades, these began to increasingly compete for market share against the low-CV coal. With low CV coal having seen demand stay buoyant, those prices fell slower as the benchmarks chased the market downwards. Eventually, benchmark grade coals became competitive against the lower-CV volumes and demand started to shift back towards those grades. As the low-CV coals started to lose market share, those prices then fell through the summer months and started to push the spread back upwards, “ as reported by Barclays on its Coal and Freight Quarterly report which was released late last month.
Click here for complete Indonesian coal reference prices since January 2009.(cs)
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Saturday, 21 July 12
INDONESIAN COMPANIES ABM INVESTAMA AND AVRA ASIA WORK OUT LONG-TERM CONTRACT - THE JAKARTA GLOBE
The Jakarta Globe, one of the leading English news papaer in Indonesia reported that, ABM Investama, a company with diversified interests in coal mi ...
Friday, 20 July 12
INDONESIA-INDIA SUPRAS BEING FIXED AT $ 10K
Handy
After a stable last week, the Handysize market has experienced softening rates in the Atlantic. Ships are ballasting from India into the Atla ...
Friday, 20 July 12
HANDYSIZES PROVE RATHER ATTRACTIVE AMONG OTHER SHIPS, IN TERMS OF FUTURE RETURNS ON INVESTMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Handysize segment of the dry bulk market appears to offer the best incentive among other ship types, for a ship owners to invest in, says Interm ...
Wednesday, 18 July 12
TAIWAN POWER COMPANY TO IMPORT 0.588 MILLION TONS OF LOW ASH AND EXTRA LOW SULFUR SUB-BITUMINOUS COAL
COALspot.com - Taiwan Power Company intends to procure 588,000 MT tons of extra low sulfur sub-bituminous coal for Taipower thermal power plant thro ...
Wednesday, 18 July 12
SHIP PRICES HAVE FALLEN RAPIDLY THIS YEAR, FAVORING INVESTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The price for a 5 year old Capesize dry bulk carrier of 172,000 dwt has fallen to about $33,4mil from $42.9 at the end of June 2011, while at end of ...
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- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
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