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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, 05 September 14
U.S. PRODUCED 19.2 MMST OF COAL LAST WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.20 million short tons (mmst) of coal in ...
Thursday, 04 September 14
PUNJAB STATE POWER CORPORATION LIMITED OF INDIA HAS DECIDED TO BUY IMPORTED COAL - HINDUSTAN TIMES
COALspot.com: The Punjab State Power Corporation Limited (PSPCL) has decided to buy imported coal to run its thermal plants, as reported by Hindust ...
Thursday, 04 September 14
INDONESIAN COAL MINERS MAY GET MORE TIME ON ROYALTIES - FITCH RATINGS
COALspot.com: Fitch Ratings says that coal miners in Indonesia are likely to get more time to repay the government the royalties that were set off ...
Thursday, 04 September 14
INDONESIAN COAL SWAPS SLIDE THIS PAST WEEK
COALspot.com: Indonesian coal swaps for average October 2014 decreased US$ 0.90 (-1.68%) day on day and US$ 1.80 (-3.31%) per mt week on week. The ...
Thursday, 04 September 14
CAPESIZE : SENTIMENT REMAINS POSITIVE FOR Q3/Q4 - FEARNRESEARCH
Handy
The Atlantic market has experienced more activity this week. Rates for TA´s are up about 8% w-o-w, much lead by an increasing number ...
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- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Planning Commission, India
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- The University of Queensland
- Parliament of New Zealand
- White Energy Company Limited
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- CNBM International Corporation - China
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- VISA Power Limited - India
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Australian Coal Association
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
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