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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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Monday, 12 August 13
GBCE SUCCESSFUL IN UPGRADING LOW RANK INDONESIAN COAL ON INDUSTRIAL SCALE
COALspot.com : GB Clean Energy Ltd. (GBCE) has annoused that, the company has successfully upgraded 2,426 tonnes of low rank 4,018 kcal NAR Ind ...
Monday, 12 August 13
INDIA - SAFE SHIPMENT OF IRON ORE FINES FROM INDIAN PORTS - WEST OF ENGLAND P&I CLUB
As Members may be aware, in 2009 two ships, the ‘Asian Forest’ and the ‘Black Rose’, capsized and sank following the liquefa ...
Sunday, 11 August 13
INDONESIAN COAL SWAPS : FLAT ON DAY
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average Q4 2013 delivery flat on day due to holidays in Indonesia, Malaysia & ...
Sunday, 11 August 13
SUPRAMAX FREIGHT RATES FROM INDONESIA TO INDIA CONTINUED TO BE SOFT - VISTAAR
COALspot.com : The freight market was soft this week with all indices down , the reason could be long weekend holidays in Indonesia, Singapore and M ...
Saturday, 10 August 13
MOODY'S: OUTLOOK FOR US COAL INDUSTRY CHANGES TO STABLE FROM NEGATIVE
Moody's Investors Service has changed its outlook for the US coal industry to stable from negative, the rating agency says in a new report, "U ...
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- Australian Commodity Traders Exchange
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- MS Steel International - UAE
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
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- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
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- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
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- Singapore Mercantile Exchange
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
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- Parliament of New Zealand
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- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- The University of Queensland
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
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- GN Power Mariveles Coal Plant, Philippines
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- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Australian Coal Association
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Economic Council, Georgia
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- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
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