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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, 20 September 13
US COAL PRODUCTION SLIGHTLY UP WEEK ON WEEK
COALspot.com – United States the world’s second largest coal producer produced totalled approximately 20.30 million short tons (mmst) of ...
Friday, 20 September 13
COLOMBIA SHIPPED 31.14 MILLION TONS OF THERMAL COAL IN H1
COALspot.com : Colombia’s coal exports fell by 20.59 percent in June 2013 compared to Colombia’s May's export of 7,633,579 MT.
Colom ...
Thursday, 19 September 13
CAPESIZE : AVERAGE DAILY EARNINGS HAVE GAINED ALMOST USD 6K WOW - FEARNLEYS
Handy
The rates in Feast are still firm this week even the activity calmed down a bit as chrtrs are not in a rush to cover even their end Sept carg ...
Wednesday, 18 September 13
IRON ORE AND ZINC ARE BEST PERFORMING MINING SECTORS IN CURRENT LOW PRICE, HIGH COST ENVIRONMENT - WOOD MACKENZIE
With the fall in commodity prices, cash margins in the mining industry have come under pressure. Accordingly, producers and investors are placing in ...
Wednesday, 18 September 13
DRY BULK MARKET CONTINUED TO ADVANCE - INTERMODAL
Chartering (Wet: Stable- / Dry: Firm+ )
The Dry Bulk market continued to advance at a very fast pace, with the BDI closing off the week north ...
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- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
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