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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, 15 February 13
SCRAPPING TO RISE AS BULKER OWNERS SUFFER - DREWRY MARITIME RESEARCH
Drewry's latest Dry Bulk Forecaster report suggests that cash-strapped shipowners will scrap younger and younger ships this year as the dry bulk ma ...
Thursday, 14 February 13
HANDY: ATLANTIC "STABLE"; PACIFIC "QUIET" - FEARNLEYS
Handy
The Atlantic remain stable with rates for FH from USG around USD 18k. The Pacific remains quiet due to Chinese New Year holidays. Rates were ...
Thursday, 14 February 13
BIMCO FORECASTS MOSTLY HIGHER DRY BULK RATES FOR THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Higher steel demand is expected to keep dry bulk rates elevated during the next six weeks, according to the latest BIMCO forecast. The Organization ...
Wednesday, 13 February 13
6TH ANNUAL CBM CONFERENCE
The 6th Annual CBM conference which will be held in Singapore on 18-21 June 201 offers comprehensive insights into leading CBM projects in the Asia- ...
Tuesday, 12 February 13
GOVERNMENT DECLARED INDONESIAN THERMAL COAL PRICE INCHES UP IN FEBRUARY
COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in February 2013.
The monthly coal refere ...
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- Indian Oil Corporation Limited
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- Economic Council, Georgia
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- Meralco Power Generation, Philippines
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- Indonesian Coal Mining Association
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- Australian Coal Association
- Georgia Ports Authority, United States
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- Leighton Contractors Pty Ltd - Australia
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- Ministry of Transport, Egypt
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- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
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- Romanian Commodities Exchange
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- Parliament of New Zealand
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- Indogreen Group - Indonesia
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- The Treasury - Australian Government
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- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
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- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
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- New Zealand Coal & Carbon
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- Toyota Tsusho Corporation, Japan
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- Mercuria Energy - Indonesia
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- Minerals Council of Australia
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
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- Chamber of Mines of South Africa
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- Deloitte Consulting - India
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- Global Business Power Corporation, Philippines
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- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
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- PTC India Limited - India
- Mjunction Services Limited - India
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
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- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
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- Bukit Baiduri Energy - Indonesia
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- The State Trading Corporation of India Ltd
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