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Friday, 11 January 13
HBA HAS JUMPED BY US$ 5.80 PMT IN JANUARY 2013
 COALspot.com - The Indonesian government has declared bench mark price for coal higher than December price. The monthly coal reference price for coal sales in January 2013 gained 7.09 percent compared to last month.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for January 2013 at US$ 87.55 per ton, US$ 5.80 higher than December 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 December 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 January 2013.
Indonesian government has pushed its bench mark price for coal in January 2013 to higher side. Government has also forecasted that, the coal price (HBA) in 2013, will be much better than 2012.
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Energy and Mineral Resources Deputy Minister Rudi Rubiandini said early this month that, the Indonesian coal output would increase by 1.2 percent to 391 million tons from 386 million tons last year. According to, one of the leading English news paper in Indonesia, the Jakarta post, that the government had expected the Indonesia coal reference price (HBA) to reach over US$100 per ton this year following potential economic recovery as showed by the recent US fiscal-cliff budget deal, as quoted by Deputy Minister.
The country’s average HBA last year only reached $95.5 per ton, far below the average price level of $118.4 per ton throughout 2011. The January 2013 Indonesia coal reference price (HBA) has jumped by US$ 5.80 per MT or 7.09% M-o-M. If HBA continues its journey on this trend then, it may reach government prediction within end 2nd quarter 2013.
In the meantime, world coal analysts and coal industry experts are also predict that, the coal industry and price will improve in coming months as the prices are already in bottom level.
RBS Morgans chief economist Michael Knox said last November, during Brisbane's Major Projects Conference, of all commodities, oil prices always hit the bottom first before beginning to rise, followed by metals including iron ore. Metallurgical coal - used for steel production - was always later, followed by thermal coal.
"In coming months you will see a base in metallurgical coal," he said during conference cited by sunshine coastal daily of Australia. "You'll be able to say in a year's time that the low in metallurgical coal is behind us and you will see a rally (in prices). "Six months later, you will see a rally in thermal coal,” he said, the media further said.
Goldman Sachs, expects met prices to average US$178 per tonne in 2013, rising to US$195 per tonne in 2014. Many other analysts have made similar predictions, according to Northern Miner.
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 January 2013 HBA is 19.89 percent or $ 21.74 lower Y-o-Y basis.
The price was only valid for the spot price (loading on or before 31 January 2013), 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 has 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.
Click here for complete Indonesian coal reference prices since January 2009.(cs)
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Tuesday, 04 December 12
NEWCASTLE PORT SHIPPED 55.88 PERCENT MORE COAL W/E 3 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,796,341 MT of thermal and coking coal for week ended 0700 hours 3 December 2012, Newca ...
Sunday, 02 December 12
YEAR 2013, YEAR OF SUPPLY OR DEMAND?
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1 2013 delivery gained 2.87 & 0.83 percent MoM and WoW respectively ...
Saturday, 01 December 12
TIGHT SUPPLY, DEMAND PUSH INDO-INDIA SUPRAMAX FREIGHT RATES HIGHER - VISTAAR
COALspot.com - The freight market was mixed this week as cape and Panamax indices are closing softer.
The BDI was down 0.37 pct closing at 1,086 ...
Friday, 30 November 12
FUTURE TREND OF SECOND HAND SHIP VALUES PUZZLING SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the major challenges that ship owners are facing today is whether or not to invest in a second hand vessel at any given time. For instance, i ...
Friday, 30 November 12
IS INDONESIAN COAL INDUSTRY DEPENDS HEAVILY ON INDIA AND CHINA?
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 35,143,587* tons of coal in October 2012. October exports are 19 ...
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- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- The University of Queensland
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
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