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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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Friday, 27 September 13
TAIWAN'S FORMOSA TO IMPORT 140K MT OF BITUMINOUS COAL FOR Q4
COALspot.com : Taiwan's Formosa Plastics Group is inviting bids for 140,000 mt of bituminous coal for delivery in the Q4 for its China plant.
Ac ...
Friday, 27 September 13
CAPESIZES REGAINING PART OF THEIR FORMER GLORY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The latest dry bulk market rally has been nothing short of spectacular, with freight rates more than doubling over the past few weeks. This growth h ...
Friday, 27 September 13
US PRODUCED 19.30 MMST OF COAL IN SEVEN DAYS
COALspot.com – United States the world’s second largest coal producer produced approximately 19.30 million short tons (mmst) of coal in ...
Thursday, 26 September 13
PANAMAX MARKET CONTINUE WITH STRONG RATES IN BOTH BASINS - FEARNRESEARCH
Handy
Feast rates are still firm, some fresh stems entered the market. Vessels trading around $15k passing Singapore for coal to India, and a bit l ...
Thursday, 26 September 13
INTERCARGO PUBLISHES BENCHMARKING BULK CARRIERS 2012-13 REPORT
The International Association of Dry Cargo Shipowners (Intercargo) has today launched Benchmarking Bulk Carriers 2012-13, the latest edition of our ...
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- McConnell Dowell - Australia
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- White Energy Company Limited
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Economic Council, Georgia
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- The University of Queensland
- Australian Coal Association
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
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