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Wednesday, 03 April 13
HBA HAS LOST US$ 1.53 PER MT IN APRIL 2013
 COALspot.com - The Indonesian government’s declared coal bench mark price has lost $1.53 / MT in April 2013.
The monthly coal reference price for coal sales in April 2013 lost 1.70 percent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for April 2013 at US$ 88.56 per ton, US$ 1.53 lower than March 2013 bench mark Price.
HBA is on a rising trend since November 2012, but lost this month.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the March 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 – 30 April 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 April 2013 HBA is 16.14 percent or $ 17.05 lower Y-o-Y basis.
All time high HBA was declared in February 2011 (US$ 127.05 / MT) and lowest was declared in May 2009 (US$ 62.83/ MT).
The price was only valid for the spot price (loading on or before 30 April 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, 25 March 13
BUNKER FUELS ARE ABOUT TO GET CLEANER, BUT AT WHAT COST? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The cost of bunkers is nowadays the driving force behind most ship owners' major decisions, with regulations bound to change in many parts of the w ...
Sunday, 24 March 13
THE SUB-BIT INDONESIA'S COAL SWAPS FOR Q2 DELIVERY PRICE LOST 7.47 PERCENT PMT M-O-M
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 3.39 percent and CFR South China coal shipment 2.65 ...
Sunday, 24 March 13
FREIGHT MARKETS CONTINUED TO FIRM - VISTAAR
COALspot.com - This freight market continued to remain firm in all segments except for cape index which softened slightly.
The BDI was up by 4.60 ...
Sunday, 24 March 13
DRY BULK MARKET PROSPECTS OFFER ROOM FOR RESTRAINED OPTIMISM SAYS SHIP OWNER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its announcement regarding its annual performance, ship owner Frontline offered some useful insight on the future prospects of both the dry bulk ...
Saturday, 23 March 13
WORLD COAL TRADE FIRST PASSES 1 BILLION TONS IN 2012 - VEREIN DER KOHLENIMPORTEURE E.V
Press Release: Hard coal imports to Germany on the previous year's level in spite of regenerative energies. Imports for power plants at an all-time ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
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- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
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- European Bulk Services B.V. - Netherlands
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- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
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- Africa Commodities Group - South Africa
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- Tata Chemicals Ltd - India
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- Goldman Sachs - Singapore
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- Mintek Dendrill Indonesia
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- Planning Commission, India
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- Petrochimia International Co. Ltd.- Taiwan
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- Power Finance Corporation Ltd., India
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- The State Trading Corporation of India Ltd
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- Minerals Council of Australia
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- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
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- Interocean Group of Companies - India
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
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- Chamber of Mines of South Africa
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- PetroVietnam Power Coal Import and Supply Company
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- Orica Australia Pty. Ltd.
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- PNOC Exploration Corporation - Philippines
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- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Economic Council, Georgia
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- Rio Tinto Coal - Australia
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- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
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- Straits Asia Resources Limited - Singapore
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- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
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- Makarim & Taira - Indonesia
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- SN Aboitiz Power Inc, Philippines
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- Australian Coal Association
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- Therma Luzon, Inc, Philippines
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- Thai Mozambique Logistica
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- Commonwealth Bank - Australia
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- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
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- Energy Link Ltd, New Zealand
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- The University of Queensland
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- Borneo Indobara - Indonesia
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- Intertek Mineral Services - Indonesia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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