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Wednesday, 12 June 13
INDONESIAN COAL PRICE REFERENCE SLIDES TO 2013 LOW
 COALspot.com - Indonesian Coal Price Reference continues to take its lumps this month, dropping about 0.54 % and hitting a 2013 low. The Indonesian government’s declared coal bench mark price has lost marginally (US$ 0.46 / MT) in June 2013.
The monthly coal price reference for coal sales in June 2013 lost just 0.54 per cent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for June 2013 at US$ 84.87 per ton, US cents 46 lower than May 2013 bench mark Price.
HBA is on a rising trend since November 2012, but lost its way to reach US$ 100/ MT since April.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the May 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 June 2013.
The government of Indonesia has been publishing a monthly coal price reference (HBA & HPB) since January 2009 to be used by coal producers for all spot and term contracts. However, the full implementation of HBA has commenced since September 2011.
The June 2013 HBA is 12.19 per cent or $ 11.78 lower Y-o-Y basis.
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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 30 June 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 transhipment 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. Transhipment cost US$ 4.00/MT + Surveyor cost US$ 0.25/MT + Insurance 0.80% per shipment + Barging cost (for < 270 footer - (US$ 0.0221 X barging distance) + US$ 3.7406, for 270 - 330 footer - (US$ 0.0184 X barging distance) + US$ 3.1172 and > 330 footer - (US$ 0.0154 X barging distance) + US$ 2.6002.
The coal price reference is been established to fulfil the requirement of mining law 04/2009 and ministerial decree No.17/2010. In addition to that, it is aims to increase government revenue from royalties from coal producers.
The current coal market is not showing any upward trend in near future. According to Maureen Natasha of PT. Danareksa Sekuritas, the outlook for coal mining in Indonesia will remain challenging, given the currently depressed coal prices (down 5% average YTD) and persistent global economic headwinds. China and India combined account for more than 30% of the world’s seaborne import volume. Their dominance is expected to continue with potential growth seen in India.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Tuesday, 11 June 13
COAL: NO SIGN OF RECOVERY - GABRIELLA
COALspot.com: We attended the 19th Annual Coaltrans Asia Conference, where we found most of the speakers were not very optimistic on the outlook for ...
Tuesday, 11 June 13
NEWCASTLE PORT SHIPPED MORE COAL WEEK ENDED 11 JUNE 2013
COALspot.com - Newcastle port in Australia has loaded 3,104,509 tons of coal for the week ended 0700 hours 11 June 2013, Newcastle Port Corp. ...
Tuesday, 11 June 13
OUTLOOK FOR CAPESIZES LOOKS GRIM, DESPITE FALLING IRON ORE PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Things aren't looking all that rosy for the dry bulk market, despite a stronger volume of iron ore imports during the months of March and April, as ...
Sunday, 09 June 13
CFR SOUTH CHINA COAL SWAP IS UNDER PRESSURE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have lost 0.03 percent week on week but gained 0.07 pe ...
Sunday, 09 June 13
IRON ORE DEMAND: WEAK; COAL MOVEMENT: STEADY TO INDIA AND CHINA - CAPT. REDDY
COALspot.com - The freight market was fairly steady with BDI up by 0.37 per cent closed at 812 points this week.
The Cape index was also ended in ...
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- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
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- Agrawal Coal Company - India
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Planning Commission, India
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- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
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- Georgia Ports Authority, United States
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- White Energy Company Limited
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- The University of Queensland
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- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
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- McConnell Dowell - Australia
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- Minerals Council of Australia
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- Thiess Contractors Indonesia
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- Indonesian Coal Mining Association
- Eastern Coal Council - USA
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- New Zealand Coal & Carbon
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- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
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- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Parliament of New Zealand
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- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
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- SN Aboitiz Power Inc, Philippines
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- Orica Australia Pty. Ltd.
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- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
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- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
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- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
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- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
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- GMR Energy Limited - India
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
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- Global Green Power PLC Corporation, Philippines
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- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
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- MS Steel International - UAE
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
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- Goldman Sachs - Singapore
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- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
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- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
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- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
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- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
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