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Monday, 05 August 13
INDO GOVERNMENT'S DECLARED HBA IN AUGUST '13 FALL TO LOWEST LEVEL SINCE JANUARY '10
 COALspot. com - HBA fell to US$ 76.70 this month, the lowest since January 2010. Indonesian Coal Price Reference fell 6.11% and hitting a 2013 low.
The Indonesian government has revised down its owned coal bench mark price by US$ 4.99/ MT to US$ 76.70 for August 2013 deliveries on 2nd August 2013. The government declared bench-mark price for coal in August 2013 was the lowest in 2013 as well as the lowest since January 2010 or the lowest since full implementation of HBA which commenced since September 2011.
The monthly coal price reference for coal sales in August 2013 lost 6.11 per cent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for August 2013 at US$ 76.70 per ton, US$ 4.99 lower than July 2013 bench mark Price.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the July 2013 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-5900 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25%.
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 August 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 official implementation of HBA has commenced since September 2011.
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The August 2013 HBA is 9.39 per cent or $ 7.95 lower year on year.
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 August 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 trans-shipment 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. Trans-shipment 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 fulfill 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.
Coal prices are still struggling to catch-up the right direction. Coal market was falling since mid of last year and not showing any immediate recovery. Excess coal supplies, instable coal demand, economy slowdowns are some of the reasons behind the pressure on coal prices.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Sunday, 04 August 13
COAL SWAP MARKET HAS LOST DIRECTION; STRUGGLING TO CATCH UP
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average October 2013 delivery slightly down on day, week and month on Friday, 2 A ...
Sunday, 04 August 13
INDONESIA TO INDIA SUPRAMAX FREIGHT SOFT DUE TO HOLIDAYS IN INDONESIA - VISTAAR
COALspot.com : The freight market was fairly steady this week with the BDI recovering towards north since second half of the week with the support o ...
Friday, 02 August 13
DRY BULK MARKET STABILIZES ON RENEWED MARKET ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept its positive footing this week, although it's still a far cry to deem the market situation as a growing one, especiall ...
Friday, 02 August 13
ASIA ACCOUNTS FOR 27.95 PERCENT OF US COAL EXPORTS IN Q1, 2013
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.80 million short tons (mmst) of ...
Thursday, 01 August 13
CAPESIZE: THE FLOW OF CARGOES REMAINS RELATIVELY STABLE, AND THE PACIFIC IS LOOKING PROMISING - FEARNLEYS AS
Handy
The Pacific market is still facing low activity, so no wonder that the tonnage list is getting longer. It´s still Ramadan and only a fe ...
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- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Australian Coal Association
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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