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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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Saturday, 30 November 13
NTPC STARTED IMPORTING COAL THROUGH NW1 FOR ITS FARAKKA POWER PLANT
COALspot.com: In a pioneering and path breaking operation, the very first consignment of about 69,060 metric tons of imported coal bought by MV HUAY ...
Friday, 29 November 13
DRY BULK MARKET BACK ON HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market is strengthening as a result of higher demand for Capesize vessels. The BDI (Baltic Dry Index) was up by 146 points yesterday, e ...
Wednesday, 27 November 13
DRY SEGMENTS EXCEPTION OF PANAMAXES, REMAINED OVERALL STABLE - INTERMODAL
COALspot.com : The Dry Bulk market closed off the week in the red, albeit the decrease noted was of short scale. With the exception of Panamaxes, th ...
Wednesday, 27 November 13
US WHEAT IMPORTS TO BRAZIL, REACHED A 35 - YEAR HIGH - EVA TZIMA
COALspot.com: As I am going through a number of dry market fixtures reported since the beginning of October, my eyes instinctively stop where they d ...
Wednesday, 27 November 13
SHIP OWNERS ONCE AGAIN TURN TO DRY BULK CARRIERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners once again turned to more dry bulk carrier ordering over the course of the past week, as more and more appear convinced of the industry ...
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- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Economic Council, Georgia
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Australian Coal Association
- Energy Development Corp, Philippines
- Parliament of New Zealand
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