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Tuesday, 19 November 13
INDONESIAN GOVERNMENT'S DECLARED COAL PRICE REFERENCE UP 1.98% IN NOVEMBER
 COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has increased government declared coal bench mark price by US$ 1.52 / MT to US$ 78.13 for November 2013 deliveries on 7th November 2013.
The monthly coal price reference for coal sales in November 2013 gained 1.98 per cent compared to last month.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the October 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 - 30 November 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 declared November 2013 HBA was 4.06 per cent or $ 3.31 lower year on year. The lowest HBA in this year was declared last month (US$ 76.61) and the highest was declared in March '13 (US$ 90.09).
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 30 November 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 fulfil 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 the mid of last year and is not showing any immediate significant or meaningful recovery. According to market players, 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.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Wednesday, 20 November 13
PANAMAX MARKET RESUMED ITS NEGATIVE MOVEMENT FOR A SECOND WEEK IN A ROW - INTERMODAL
COALspot.com: The recovery noted the week prior in the dry Bulk market proved to be short-lived, as the BDI slipped back down to the low 1,500 point ...
Wednesday, 20 November 13
TAIPOWER TO IMPORT 0.825 MMT OF 5000 GAR COAL FOR Q2' 14
COALspot.com: Taiwan Power Company intends to procure 825,000 metric tons of general sub-bituminous coal with calorific value not lesser than 5,000 ...
Wednesday, 20 November 13
CAPES AND PANAMAXES SOFTENING; SMALLER SIZE SEGMENTS FIRMING FURTHER - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable- )
The BDI has closed off the week on the red, with rates for Capes and Panamaxes softening and those fo ...
Tuesday, 19 November 13
WEEKLY COAL EXPORTS FROM NEWCASTLE PORT INCREASED BY 20.59%
COALspot.com: In the week ended November 18, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totaled 2.92& ...
Tuesday, 19 November 13
SHIP OWNER POUR MORE MONEY INTO DRY BULK CARRIER ACQUISITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The recent dry bulk market's rally, coupled with an expected fall in oversupply and robust cargo demand has boosted ship owners' optimism on the l ...
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- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- The University of Queensland
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
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