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Tuesday, 07 January 14
INDONESIA RAISES COAL PRICE THIS MONTH
 COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has increased government declared coal bench mark price by US$ 1.59 / MT to US$ 81.90 for January 2014 deliveries on today.
The monthly coal price reference for coal sales in January 2014 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 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 January 2014.
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 January 2014 HBA was 6.45 per cent or $ 5.65 lower year on year. The lowest HBA in 2013 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) and lowest was declared in May 2009 (US$ 62.83/ MT).
The price was only valid for the spot price (loading on or before 31 January 2014), 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 fulfill 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. 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.
Government firmly said that, the export ban of unprocessed ore will be implemented on 12 January 2014.
Indonesia will be consistent in banning mineral-ore exports this year, as mandated by the 2009 Mining Law, and the government regulation would set processing and purification requirements before companies can export, a senior government official said, as quoted by local media.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Tuesday, 04 March 14
AUSTRALIA'S NPC TO SHIP 11.85 MMT OF COAL IN MARCH
COALspot.com: In the week ended 3 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 3.15 m ...
Tuesday, 04 March 14
HIGHER PRICES AND STEADY FREIGHT RATES LEAD SHIP OWNERS TO TEMPORARILY HALT SECOND HAND VESSEL PURCHASES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the dry bulk market has kept on improving, but at a very slow rate, ship owners have elected to take a step back from the flurry of the S&P m ...
Monday, 03 March 14
SUB-BIT INDONESIA COAL SWAP (FOB) FOR AVERAGE Q115 CLOSED AT $60.28, $ 1.70 HIGHER THAN 2Q14
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 slightly corrected do ...
Monday, 03 March 14
API 8 CFR SOUTH CHINA SWAPS: Q4' 2014 DELIVERY CLOSED US$ 1.40 HIGHER COMPARED TO Q2' 2014 DELIVERY
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.90 percent month on month and closed at US$ 76.27 per mt as on Fr ...
Monday, 03 March 14
COSTS LIABILITY PASSING DOWN A CHARTERPARTY CHAIN - SKULD
KNOWLEDGE TO ELEVATE
Provided that charterparties are on back to back terms, and the claim is successful, liability for costs incurred shoul ...
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- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Economic Council, Georgia
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Australian Coal Association
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
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