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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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Wednesday, 09 July 14
PANAMAX MARKET FINALLY CORRECTING UPWARDS; AVERAGE TC MORE THAN DOUBLING WEEK ON WEEK - INTERMODAL
The Dry Bulk market has closed off on Friday on a more positive note, with most segments noting weekly gains and the Panamax market finally correct ...
Wednesday, 09 July 14
SHIPPING MARKET INSIGHT - PANOS TSILINGIRIS
The mini-boom in dry bulker values catapulted ship prices too fast too far over the last one-and-a-half year. The concurrence of historically low p ...
Tuesday, 08 July 14
INDONESIAN COAL PRICE REFERENCE FALL AGAIN IN JULY; LOST 1.62%
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia again revised down the coal bench mark price in July. HBA for month of J ...
Tuesday, 08 July 14
ENERGY IN THE MIX - INTERMODAL SHIPBROKERS
With the Tanker freight market having showed much promise this year compared to the performance that had been noted during the previous five, it is ...
Monday, 07 July 14
INDONESIA STATE-CONTROLLED COAL MINER BUKIT ASAM TO TRADE COAL ON-LINE THROUGH JFX
COALspot.com: Indonesian state owned coal miner PT Tambang Batubara Bukit Asam Tbk (PTBA) has teamed up with Jakarta Futures Exchange (JFX) to sell ...
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- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- The University of Queensland
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Parliament of New Zealand
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Planning Commission, India
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
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