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Friday, 08 March 13
INDONESIAN HBA UP FOR FIVE CONSECUTIVE MONTHS
COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in March 2013.
The monthly coal reference price for coal sales in March 2013 gained 1.97 percent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for March 2013 at US$ 90.09 per ton, US$ 1.74 higher than February 2013 bench mark Price.
HBA is on a rising trend since November 2012. The government of Indonesia had expected the Indonesia coal reference price (HBA) to reach over US$100 per ton this year. If HBA continues its journey on this trend, then, it will reach government prediction within the end 2nd quarter 2013.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the February 2013 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 March 2013.
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 March 2013 HBA is 20.18 percent or $ 22.78 lower Y-o-Y basis.
The price was only valid for the spot price (loading on or before 31 March 2013), while as for term price (up to 12 months supplies), the average reference price (HPB) of the previous three months will be used to determine the selling price. (50% of the latest available month HPB, 30% of one month prior HPB and 20% of two-month 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 the 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.
Click here for complete Indonesian coal reference prices since January 2009.(cs)
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Friday, 03 May 13
SHIP OWNERS ARE INVESTING HEAVILY IN DRY BULK CARRIER NEWBUILDINGS ONCE MORE: IS THERE ANY RATIONALE? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the dry bulk market remains heavily oversupplied and just as the orderbook of newbuildings had began to shrink, it seems that sh ...
Wednesday, 01 May 13
NEWCASTLE PORT SHIPPED 23.14 PER CENT MORE COAL WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,997,729 tons of thermal and coking coal for week ended 0700 hours 29 April 2013, Newca ...
Tuesday, 30 April 13
KATINGAN RIA THERMAL COAL TO START PRODUCTION FROM EARLY 2014
COALspot.com - Realm Resources Ltd. (ASX: RRP) has announced the completion of the Feasibility Study for its 51% owned Katingan Ria thermal co ...
Monday, 29 April 13
FIRST TRADES OF SGX API 8 CFR SOUTH CHINA COAL SWAP
COALspot.com - The SGX API 8 CFR South China Coal Swap went live for clearing on SGX-DC today with a total volume of 25,000 metric tonnes (25 lots). ...
Sunday, 28 April 13
SUB BIT INDONESIA COAL & CFR SOUTH CHINA COAL SWAPS STAY POSITIVE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average May 2013 delivery has gained 0.34 percent and CFR South China coal shipment gai ...
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- PTC India Limited - India
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- Larsen & Toubro Limited - India
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- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
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- Global Business Power Corporation, Philippines
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- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
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- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
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- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
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- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
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- New Zealand Coal & Carbon
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- Bhatia International Limited - India
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- Planning Commission, India
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- Economic Council, Georgia
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- Baramulti Group, Indonesia
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- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
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- OPG Power Generation Pvt Ltd - India
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- SMC Global Power, Philippines
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- Therma Luzon, Inc, Philippines
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- GMR Energy Limited - India
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Parry Sugars Refinery, India
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- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
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- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
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- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- The University of Queensland
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- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
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- Interocean Group of Companies - India
- Chamber of Mines of South Africa
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- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
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- Ambuja Cements Ltd - India
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- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
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- Parliament of New Zealand
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- Agrawal Coal Company - India
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- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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