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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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Thursday, 14 March 13
SHIPPERS AND CARRIERS NEED GREATER COMMUNICATION AND MUTUAL UNDERSTANDING
Press Release – Shippers and shipping lines both need to raise their game if global container supply chains are not to be habitually subject t ...
Wednesday, 13 March 13
NEWBUILDING PRICES EXHIBIT NO FALL IN PAST SIX MONTHS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the fact that oversupply has been the key plague of the shipping markets in recent years and newbuilding ordering activity has receded subst ...
Tuesday, 12 March 13
COAL MINING PRIVATIZATION IN INDIA: MUST - SUNIL K KUMBHAT
COALspot.com - India has the one of the richest coal reserves in the world and the country should have shown significant progress and gained the pos ...
Tuesday, 12 March 13
NEWCASTLE PORT SHIPPED 2.47 MILLION TONS OF COAL W/E 11 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2,471,080 MT of thermal and coking coal for week ended 0700 hours 11 March 2013, Newcast ...
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 ...
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- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
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- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
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- White Energy Company Limited
- Economic Council, Georgia
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- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
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- Latin American Coal - Colombia
- Posco Energy - South Korea
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- Altura Mining Limited, Indonesia
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- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
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- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
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- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
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- Goldman Sachs - Singapore
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- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
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- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
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- Australian Coal Association
- Georgia Ports Authority, United States
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- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
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- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- The University of Queensland
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
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- Bhatia International Limited - India
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- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
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- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
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- Thai Mozambique Logistica
- London Commodity Brokers - England
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- Directorate General of MIneral and Coal - Indonesia
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- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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