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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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Monday, 27 January 14
Q3 2014 SUB-BIT INDONESIA COAL SWAP LOST GROUND, ENDS AT $60 PMT
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery lost 2.29% pmt month on month on Friday 24 January 2014. Th ...
Sunday, 26 January 14
FREIGHT RATES FALL FURTHER ON LACK OF CARGOES - SOLYM CARRIERS
COALspot.com: The freight market has continued to soften further this week with BDI down by 12.31 pct. BDI was closed at 1,246 points week ended 24 ...
Friday, 24 January 14
US COAL PRODUCTION UP 3.9% ON WEEK IN WEEK ENDED SATURDAY - EIA
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.1 million short tons (mmst) of coal in ...
Friday, 24 January 14
DRY BULK MARKET STRUGGLING TO FIND FIRM FOOTING IN START OF 2014 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been faltering since the start of 2014, struggling to hold its ground as low seasonal demand has hindered further growth in ...
Thursday, 23 January 14
PANAMAX : THIS WEEK THE ACTIVITY CAME DOWN DRAMATICALLY - FEARNRESEARCH
Handy
With the Chinese New Year approaching the activity and rate levels are sliding in both hemispheres. Rates in the Atlantic have knocked off so ...
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- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Economic Council, Georgia
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Minerals Council of Australia
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Ministry of Transport, Egypt
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Planning Commission, India
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
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