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Thursday, 12 June 14
INDONESIA SETS HBA FOR MONTH OF JUNE AT US$ 73.64
 COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has revised up first time in last four months the coal bench mark price. HBA for month of June sets at US$ 73.64 up by just 4 US cents from last month.
The current Indonesian coal prices are almost reflecting its 2009 levels due to various reasons including high output and low demand. Government of Indonesia is trying to new introduce new regulations to eliminate illegal coal mining to control the unaccounted coal outputs. The export volume of Indonesian coal is still above around 32 - 35 million per month despite low coal prices.
However this month declared HBA is 17.21% or US$ 10.81 higher compared to May 2009 bench mark price of US$ 62.83 per MT, which was the lowest in HBA's history. In the meantime the highest HBA was declared in February 2011.
Indonesian coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the May 2014 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 – 30 June 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. The coal benchmark price must be used by the holders of production operation IUPs, special production operation IUP's, and CCoWs as a reference in determining the coal selling price.
The declared June 2014 HBA was 13.23 per cent or $11.23 lower compared to the same month last year.
February 2011 declared HBA was the highest since the launching of HBA by government of Indonesia (US$ 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 30 June 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 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. 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 from January 12, 2014.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Sunday, 20 July 14
THE FREIGHT MARKET CONTINUED ITS DOWNWARD TREND
COALspot.com: The market continued its downward trend this week as all segments were down compared to last week. The Cape and Panamax indices being ...
Friday, 18 July 14
3RD CHINA INTERNATIONAL SHALE GAS SUMMIT
Building on the massive success of the past 2 shale gas programs that has generated huge success by attracting 500+ industry players, and intrig ...
Friday, 18 July 14
US WEEKLY COAL PRODUCTION UP BY 1.4% TO 18.3 MMST
COALspot.com – United States the world's second largest coal producer, produced approximately 18.3 million short tons (mmst) of coal in a ...
Thursday, 17 July 14
PANAMAX : MARKET HAS COOLED DOWN AGAIN TO LOW AND DEPRESSED LEVELS
Handy
The supra market remains pretty flat in the Atlantic while for the smaller sizes there has been little reported with ships chasing business ...
Thursday, 17 July 14
INDIAN GOVERNMENT WISE TO TAKE ADVANTAGE OF CURRENTLY LOW THERMAL COAL PRICES AND SHIPPING RATES - JEFFREY LANDSBERG
With thermal coal import prices (and also shipping rates) very low at present, India's government would be very wise to take advantage of curre ...
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- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
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