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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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Friday, 26 September 14
NEWCASTLMAXES ARE THE MOST SOUGHT AFTER VESSELS BY SHIP OWNERS TODAY SAYS VESSELS VALUE
KNOWLEDGE TO ELEVATE
Determining a ship’s fair value can be a very tricky business, especially when you’re the one paying. As such ...
Thursday, 25 September 14
LACK OF COAL BUSINESS PUSHING DOWN PANAMAX EARNINGS IN PACIFIC
Handy
In the Atlantic we see rates steady climbing upwards. More coal cargoes out of USG and USEC are helping the TA market which is up some USD ...
Wednesday, 24 September 14
ADARO AGREED TO REDUCE ITS CONCESSION AREA TO 31,379.8 HECTARES
COALspot.com: PT Adaro Energy Tbk (Adaro Energy) today announced that, PT Adaro Indonesia (AI), its wholly owned subsidiary, entered into a M ...
Wednesday, 24 September 14
CAPESIZE: ACTIVITY IN BOTH BASINS WAS UNIMPRESSIVE
COALspot.com: The end of the week prior seems to have marked the tone for the days that followed, with the Dry Bulk market giving up a significant ...
Tuesday, 23 September 14
MEDCO TO INCREASE ITS COAL PRODUCTION NEXT YEAR
COALspot.com: PT Medco Energi Internasional is looking to increase its coal production next year, supported by the launch of operations at its Duta ...
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- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Australian Coal Association
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
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