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Wednesday, 12 December 12
69.23 PERCENT OF END-USERS ARE BELIEVE, COAL PRICES ARE IN UPWARD TREND
 COALspot.com - The Indonesian government’s declared coal reference price for December’ 12 has gained US cents 31 per MT M-o-M.
The monthly coal reference price for coal sales in December gained 0.38 percent compared to last month.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for December 2012 at US$ 81.75 per ton, 0.38 percent higher than November 2012 bench mark 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 November 2012 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-5900 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 December 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 December 2012 HBA is 27.44% percent or $ 30.92 lower Y-o-Y basis.
The price was only valid for the spot price (loading on or before 31 December 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 62 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.
Supreme court of Indonesia also recently scrapped a government’s ban on the export of unprocessed minerals.
According to local media reports, the court had ordered the government to withdraw four chapters in the regulation, including one chapter limiting the exports of raw minerals since May 6. According to Ministerial Decree No. 7 on mineral processing, mining companies would only be granted mineral ore export permits after receiving CNC for their business licenses as well as showing commitment to establish smelters or cooperate with other companies to process their mineral ores for export.
According to suppliers as well as buyers of Indonesian coal, the prices are seems to be moving up-ward direction this month. January 2013 shipments also showing a positive move. The Chinese buyers are also in the market for 4200 GAR coal and Indian buyers in the market for 5200 GAR coal.
“ A Chinese buyer is willing to buy up to 4 -5 shipments of 4200 GAR coal for loading from January 2013. However the bids are from buyers are still very tight to match”, said a supplier.
According to our weekly opinion poll, Indonesian suppliers and buyers are in the same view about Q1’ 13 price trend.
69.23 Percent of end-users are believing that, Q1' 2013 coal prices will be better than, last quarter of 2012 prices. In the meantime, 56 percent of Indonesian coal producers are also believe that, Q1' 2013 coal price trend will bring them a fortune in 2013.
68.75 percent of coal traders, who really understand the heartbeat of real coal market movement also in view with producers and end-Users. The market players who are used to deal with Indonesian coal are in positive view about next coal price trend.
Q1’ 2013 really going to be supplier’s market ? Let’s wait for another 20 days to see the real corrections. We still believe 1st half of 2013 is for buyers market .
Click here for complete Indonesian coal reference prices since January 2009.(cs)
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Thursday, 13 December 12
HANDY : WCI-CHINA RATES AROUND $ 6000 AND ECI-CHINA AROUND $ 4000 - FEARNLEYS
Handy
Atlantic market remained unchanged. Rates from USG to Feast were around USD 18k and Black Sea to Feast about USD 10k. USG-Skaw-Passero rates ...
Wednesday, 12 December 12
CAPESIZE FREIGHT RATES TO RANGE BETWEEN $9,000 - 16,000/DAY IN THE COMING WEEKS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its regular update on the dry bulk market, BIMCO forecasted yesterday, that Capesize time-charter rates are expected to stay elevated in the foll ...
Tuesday, 11 December 12
NEWCASTLE PORT IN AUSTRALIA HAS LOADED 2,720,205 MT OF COAL W/E 10 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,720,205 MT of thermal and coking coal for week ended 0700 hours 10 December 2012, Newc ...
Sunday, 09 December 12
COAL SWAPS HAVE LOST DIRECTION DUE TO LACK OF ASIAN INTEREST
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 2.43 percent M-M but lost WoW by 0.54 percent and 0.62 ...
Sunday, 09 December 12
LOW DEMAND PUSHES CHARTER RATES TOWARDS DOWN - VISTAAR
COALspot.com - The freight market has softened and BDI, The Baltic Dry Index, a measure of shipping costs for dry bulk goods, plunged below 10 ...
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- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Australian Coal Association
- SMC Global Power, Philippines
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- White Energy Company Limited
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
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