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Wednesday, 13 August 14
INDONESIAN COAL PRICE REFERENCE FALL AGAIN CLOSE TO 57 MONTHS LOWS
 COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price in August. HBA for the month of August sets at US$ 70.29 which is US$ 2.16 lower than last month HBA. The declared Indonesian Coal Price Reference for this month is the lowest since November 2009.
The current Indonesian coal prices are almost reflecting its 2009 levels due to various reasons including excess output compared to low demand. Government of Indonesia is trying to 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, August declared HBA is 11.87% or US$ 7.46 higher compared to May 2009 bench mark price of US$ 62.83 per MT, which was the lowest declared price in history of HBA. In the meantime the highest HBA was declared in February 2011 at US$ 127.05 per MT.
Indonesian coal benchmark price for August 2014 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the June 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 – 31 August 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 HBA of August 2014 was 8.36 per cent or $ 6.41 lower compared to the same period in year 2013. In the meantime, August 2014 HBA was US$ 56.76 or 44.68% lower compared to all time higher HBA which was declared in month of February 2011.
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 August 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 per cent of the latest available month HPB, 30 per cent of one month prior HPB and 20 per cent 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 65 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.
Click here for complete Indonesian coal price reference since January 2009.(cs)
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Thursday, 02 October 14
CAPESIZE - DULL AND WITHOUT MUCH DIRECTION AS IRON ORE AND COAL VOLUMES FAIL TO LIVE UP EXPECTATIONS
Handy
After the recent weeks´ rate increase in the Atlantic we see Panamaxes snapping up handymax and Supra cargoes at much lower levels, p ...
Wednesday, 01 October 14
ASIAN THERMAL COAL PRICES TO REMAIN WEAK ON OVERSUPPLY - FITCH
COALspot.com: The thermal coal market in Asia will remain oversupplied in the next 12 months, in spite of on-going rationalisation of production, a ...
Wednesday, 01 October 14
PANAMAXES: DEFENSIVE, STRUGGLING TO KEEP ANY FURTHER DECREASES - INTERMODAL
COALspot.com: The Dry Bulk market seemed unable to shake off the trend of the week prior and the BDI remained on a downward slope for the bigger pa ...
Wednesday, 01 October 14
FITCH: GLOBAL ECONOMY FACES MULTI-SPEED RECOVERY, MULTIPLE RISKS
Fitch Ratings says in its latest Global Economic Outlook (GEO) that global growth will pick up in 2015 and 2016, but risks are weighted to the down ...
Tuesday, 30 September 14
COALVIEW TO PARTICIPATE AT MET COKE WORLD SUMMIT 2014 IN CHICAGO
COALspot.com: Coalview Ltd., LLC(“Coalview”) America's leading fully integrated coal technology and fine coal recovery company prov ...
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- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
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- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
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- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- VISA Power Limited - India
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
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