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Monday, 06 May 13
INDONESIAN COAL PRICE REFERENCE FALLS CONTINUE
 COALspot.com - The Indonesian government’s declared coal bench mark price has lost $ 3.23 / MT in May 2013.
The monthly coal price reference for coal sales in May 2013 lost 3.65 percent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for May 2013 at US$ 85.33 per ton, US$ 3.23 lower than April 2013 bench mark Price.
HBA is on a rising trend since November 2012, but lost its way to reach US$ 100/ MT since last 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 May 2013 HBA is 16.44 percent or $ 16.79 lower Y-o-Y basis.
February 2011 declared HBA was the highest since the launching of HBA by government of Indonesia (US$ 127.05 / MT) but lowest was declared in May 2009 (US$ 62.83/ MT).
The price was only valid for the spot price (loading on or before 31 May 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 price marker 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 63 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. Government has recently issued a regulation (644.K/30/DJB/2013 dated 21 March 2013) to regulate or determine coal prices on FOB barge. Government also fixed the freight for barging, surveyor, insurance and etc.. to determine FOB barge price.
The coal price reference, 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.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Tuesday, 21 May 13
NEWCASTLE PORT COAL SHIPMENTS SEEN FALLING WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,205,024 tons of thermal and coking coal for week ended 0700 hours 20 May 2013, Newcast ...
Sunday, 19 May 13
COAL PRICES ARE SLUMPING DUE TO WEAK DEMAND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have gained 0.03 percent and API 8 CFR South China Coal shipment g ...
Sunday, 19 May 13
FREIGHT RATES TO REMAIN UNSTABLE AND VOLATILE - CAPT. REDDY
COALspot.com – The freight remained weak this week with all the segments down.
The BDI, the Baltic Dry Index is a number issued daily by th ...
Friday, 17 May 13
US COAL PRODUCTION CLIMBED 3.35 PER CENT WEEK ON WEEK
COALspot.com - U.S. produced totaled approximately 18.50 million short tons (mmst) in a week (For the week ended May 11, 2013), EIA said in its late ...
Thursday, 16 May 13
PANAMAX: THE FORWARD CURVE IS FALLING GRADUALLY - FEARNRESEARCH
Handy
The Atlantic market remained quiet. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 11k. The Pacific market remained uncertain as ...
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- Economic Council, Georgia
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- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
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- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
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- Edison Trading Spa - Italy
- Sical Logistics Limited - India
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- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
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- Electricity Authority, New Zealand
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Independent Power Producers Association of India
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- Standard Chartered Bank - UAE
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- Thiess Contractors Indonesia
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- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Australian Coal Association
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
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- Star Paper Mills Limited - India
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- Mintek Dendrill Indonesia
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- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
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- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
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- Medco Energi Mining Internasional
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- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
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- South Luzon Thermal Energy Corporation
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- Baramulti Group, Indonesia
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- Bangladesh Power Developement Board
- Agrawal Coal Company - India
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- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
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- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
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- Georgia Ports Authority, United States
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- Ambuja Cements Ltd - India
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- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
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- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
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- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
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- Energy Development Corp, Philippines
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- Wood Mackenzie - Singapore
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