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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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Tuesday, 30 July 13
AUSTRALIA'S NEWCASTLE SHIPPED 12.58 PERCENT LESS COAL W-O-W
COALspot.com: Newcastle port in Australia has loaded 2,945,848 tons of coal for the week ended 0700 hours 29 July 2013, Newcastle Port Corp. s ...
Monday, 29 July 13
INDONESIA'S ENERGY NEEDS COULD SPELL GOOD NEWS FOR TANKER OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite abundant energy resources, Indonesia has still failed meet its own demand, which led to a rising import of crude. According to the latest we ...
Sunday, 28 July 13
SUB-BIT INDONESIA COAL SWAP UP SLIGHTLY FOR SEPTEMBER CARGOES
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average September 2013 delivery slightly up on day and week but fell on month on ...
Saturday, 27 July 13
CEPL INDIA TO BAG 0.3 MILLION TONS OF COAL SUPPLY ORDER FROM TNPL
COALspot.com - An India based coal trader Coastal Energy Private Limited has offered the lowest price of US$ 73.00 per metric ton for calorific valu ...
Saturday, 27 July 13
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO REMAIN STEADY - CAPT.REDDY
COALspot.com : The freight market seemed to soften this week with BDI , Cape and Panamax indices dropped average 5 percent on week.
The BDI was d ...
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- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Planning Commission, India
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Economic Council, Georgia
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
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