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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, 26 September 13
DRY BULK MARKET KEEPS ON RALLYING ON THE BACK OF HIGH CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept its momentum over the course of the past week, on the back of increased demand for Capesizes and an improvement of mark ...
Wednesday, 25 September 13
RBCT'S COAL EXPORT DECLINES IN AUGUST
COALspot.com - Richards Bay Coal Terminal (RBCT) is the single largest coal export terminal in South African as well as in the world has shipped 16. ...
Wednesday, 25 September 13
CAPES TOUCHING RATES NO ONE BELIEVED COULD BE ACHIEVED IN 2013 - INTERMODAL
Chartering (Wet: Stable- / Dry: Firm+ )
The Dry Bulk market is the gift that keeps on giving these days. With rates for Capes touching numbers ...
Wednesday, 25 September 13
IS IT TIME AGAIN TO SUPERSIZE AGAIN? - GEORGE LAZARIDIS
After an early arrival of the seasonal rally in the Capesize market, things look to be on the upbeat for these dry bulk giants. With the Index reach ...
Monday, 23 September 13
AUSTRALIA'S NEWCASTLE PORT SHIPPED 3 PERCENT LESS COAL WEEK ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port fell 3 per cent week on week to 2.92 million mt for t ...
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- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Siam City Cement - Thailand
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- The University of Queensland
- Agrawal Coal Company - India
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
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