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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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Friday, 22 November 13
DRY BULK MARKET STILL LACKLUSTRE, DESPITE PROJECTIONS OF A NEW RALLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
We might still be about six weeks far from the end of the year, but the projected by many analysts upcoming rally of the dry bulk market, hasn't ye ...
Friday, 22 November 13
US COAL PRODUCTION DOWN 1.3% W-W
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.5 million short tons (mmst) of coal in ...
Thursday, 21 November 13
TAIPOWER TO PROCURE 750K MT OF 5500 GAR BITUMINOUS COAL FOR MAY - AUGUST 2014
COALspot.com: Taiwan Power Company intends to procure 750,000 metric tons of bituminous coal with calorific value not lesser than 5,500 kcal/kg on a ...
Thursday, 21 November 13
CAPESIZE : THE DOWNWARD TREND HAS TURNED INTO NOTABLE SPOT AND PERIOD IMPROVEMENT - FEARNLEYS
Handy
The Atlantic market experienced a general rate increase for most trades this week. More cargoes in the market and chrts looking for prompt t ...
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 ...
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- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Central Electricity Authority - India
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- The University of Queensland
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
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