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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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Monday, 11 March 13
SUB-BIT FOB INDONESIA COAL SWAPS FELL 1.41 PERCENT W-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 1.41percent and CFR South China coal shipment ...
Sunday, 10 March 13
INDIA - INDONESIA SUPRAMAX FREIGHT : FIRM TREND
COALspot.com – This week freight market was raised and remained firm in all segments.
The BDI was up by 6.70 pct closed at 843 points, ...
Sunday, 10 March 13
INDONESIA'S FORESTRY DEPARTMENT IS TO INCREASE BORROW-TO-USE PERMITS (IJIN PINJAM PAKAI) FEE SOON
COALspot.com : Indonesia to increase borrows-to-use permit fees by 33.33 percent. The government of Indonesia is planning to increase the state&rsqu ...
Friday, 08 March 13
EKO SANTOSO BUDIANTO APPOINTED AS PRESDIENT DIRECTOR OF BERAU COAL ENERGY
COALspot.com - PT Berau Coal Energy has appointed Eko Santoso Budianto as new president director, replacing Rosan Roeslani. Berau’s extraordin ...
Friday, 08 March 13
DRY BULK MARKET ON A RISING TREND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its rising pattern set after China opened up again for business, following the Asian New Year Holidays. As a resul ...
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- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
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- Minerals Council of Australia
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- Pipit Mutiara Jaya. PT, Indonesia
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- Electricity Authority, New Zealand
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- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
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- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
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- White Energy Company Limited
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- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- CNBM International Corporation - China
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- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
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- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
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- Pendopo Energi Batubara - Indonesia
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- Deloitte Consulting - India
- Lanco Infratech Ltd - India
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- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
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- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
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- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
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- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
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- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
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- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
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- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
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- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- The University of Queensland
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
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- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
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- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
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