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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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Tuesday, 03 December 13
PORT OF NEWCASTLE IN QUEENSLAND SHIPPED 1.22 MMT MORE COAL W-W
COALspot.com: In the week ended December 2, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3.49 ...
Tuesday, 03 December 13
U.S PRODUCED 900.80 MMST YEAR-TO-DATE
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.7 million short tons (mmst) of coal in ...
Monday, 02 December 13
SUB-BIT INDONESIA COAL SWAP DIFFERENCE BETWEEN Q1 AND Q3 DELIVERIES ARE VERY MARGINAL
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’ 14 delivery gained $ 1.67 pmt month on month on Friday 29 Novemb ...
Sunday, 01 December 13
API 8 CFR SOUTH CHINA COAL SWAP FOR Q2 AND Q3 DELIVERY SHOWS A DECLINE
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 0.63 percept d-d on Friday 29 November 2013. The CFR South ...
Sunday, 01 December 13
PANAMAX RATES HAVE REBOUNDED - CAPT. REDDY
COALspot.com: The freight market was quite firm last week with all the indices increased. Cape Index was gained highest this week which supports inc ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- White Energy Company Limited
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- The University of Queensland
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Eastern Energy - Thailand
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