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Friday, 06 December 13
THE MINISTRY OF ENERGY & MINERAL RESOURCES OF INDONESIA FIXED DEC'13 HBA AT US$ 80.31
 COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has increased government declared coal bench mark price by US$ 2.18 / MT to US$ 80.31 for December 2013 deliveries on 5th December 2013.
The monthly coal price reference for coal sales in December 2013 gained 2.79 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 November 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 December 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.
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The declared December 2013 HBA was 1.76 per cent or $ 1.44 lower year on year. The lowest HBA in this year was declared in October (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 31 December 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. According to local media, the minister of Energy & Mineral Resources of Indonesia and the Parliament of Indonesia (Commission VII, which is overseeing ministry of Energy & Mineral Resources) has agreed to implement the law 04/2009 fully by January 12, 2014. However it is not clear that, the ban of unprocessed ore export also will be implemented by 12 January 2014 or not.
This week’s our “Indonesian coal price trend” was showing a flat trend for 5800 GAR coal but slightly upper trend for 5000 and 5200 GAR coal compared to last week's trend. Indonesian coal prices are still struggling to catch-up the right direction; however the volume of coal exports increased in October compare to September. Coal market was falling since the mid of last year and is not showing any immediate significant or meaningful recovery. According to market players the 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, 04 December 13
INDONESIAN COAL EXPORTS VOLUME AND REVENUE IN OCTOBER MARCHED TOWARDS NORTH
COALspot.com: Indonesia, the world's 4th largest coal producer and the largest multi grade coal exporter shipped over $1.76* billion worth of ...
Wednesday, 04 December 13
WEST AUSTRALIA IRON ORE FIXTURES ALSO CONTINUING TO PROVIDE A STEADY FLOW OF BUSINESS FOR CAPES - INTERMODAL
The Dry Bulk market has reversed course this past week, bringing back some of the lost excitement of the past month, as all size segments climbed hi ...
Wednesday, 04 December 13
THE BUYERS' DEMAND IS CONTINUOUSLY BULLISH - KONSTANTINOS KONTOMICHIS
The very low rates that prevailed for the bigger part of 2013 seem to have prepared the ground for buying opportunities for shipping investors. The ...
Wednesday, 04 December 13
SGX AND CFA TO COLLABORATE TO DEVELOP DERIVATIVES MARKETS IN CHINA AND SINGAPORE
Singapore Exchange (SGX) and the China Futures Association (CFA) are cooperating in the development of derivatives markets in China and Singapore.
...
Wednesday, 04 December 13
SGX'S MONTHLY VOLUMES REACHED A RECORD HIGH OF 705,000 MT IN NOVEMBER 2013
COALspot.com: SGX has announced that, it monthly volumes have reached a record high of 705 lots (705,000 mt) in November 2013 with month-end open in ...
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- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
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