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Monday, 14 October 13
MEMR OF INDONESIA SETS THE COAL'S SPOT PRICE AT US$ 76.61 FOR OCT'13 DELIVERY
 COALspot. com - The Indonesian government has revised down government declared coal bench mark price by US$ 0.28/ MT to US$ 76.61 for October 2013 deliveries on 7th September 2013.
The monthly coal price reference for coal sales in October 2013 lost 0.36 per cent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for October 2013 at US$ 76.61 per ton, US$ 0.28 lower than September 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 September 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 October 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 official implementation of HBA has commenced since September 2011.
The October 2013 HBA is 10.96 per cent or $ 9.43 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 October 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.
This week’s our “Indonesian coal price trend” was showing a flat trend compared to last week's trend. Indonesian 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 significant or meaningful recovery. Excess coal supplies, instable coal demand, economy slowdowns, weakening of Indian Rupee are some of the reasons behind the pressure on coal prices in recent weeks.
Due to long holidays in Indonesia there is no significant price movements are expected this week. Low calorific value coal producers are facing a difficult time this year.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Thursday, 17 October 13
CHINA'S COAL IMPORTS DOWN 9.4% TO 25.96 MMT IN AUGUST
COALspot.com: China's August Imported coal volumes down 9.4% m-m but up 27% y-y, BNP said in its latest China Coal & Power report released on 1 ...
Wednesday, 16 October 13
NEW STRATEGIES AND OPPORTUNITIES IN A RAPIDLY EVOLVING COAL INDUSTRY
The 12th Annual Coal Markets assumes even more significance as the industry seeks more market information, inputs on trade strategies, supply and de ...
Wednesday, 16 October 13
CAPES: RATES DROPPED; PANAMAX: ADVANCED - INTERMODAL
After a month and a half of straight weekly positive closings, the BDI has finished the week in the red. Monday started slow as holidays in the East ...
Wednesday, 16 October 13
WILL THIS LATEST DRY BULK MARKET UPTREND PROVE TO BE AS LONG-LIVED OR JUST ANOTHER MOMENTARY SPIKE? - CHRISTOS MANZTIOS
COALspot.com: So here we are again facing the same old question: Will this latest market uptrend prove to be as long-lived as all owners hope or jus ...
Wednesday, 16 October 13
KOSEP TO IMPORT 0.49 MILLION TONS OF 4600 NAR COAL FOR JAN - FEB '14
COALspot.com - Korea South-East Power Co., a Korean generator and distributor of electricity on behalf of five Korean Gencos intends to procure 490, ...
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- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Aditya Birla Group - India
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Parliament of New Zealand
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Australian Coal Association
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
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