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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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Monday, 25 August 14
API 8 CFR SOUTH CHINA COAL SWAP GAINED DAY OVER DAY AND MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for delivery in September 2014 increased US$ 0.30 (+0.44%) day on day and decreased US$ 0.20 (- ...
Sunday, 24 August 14
SEA FREIGHT MARKETS STARTING TO LOOK POSITIVE; CAPES DRIVE FREIGHTS HIGHER
COALspot.com: The freight market has strengthen further this week with BDI up 7.19 pct week on week. The BDI was closed at 1,088 points while the B ...
Friday, 22 August 14
INDIAN IRON ORE ROYALTY RISE NOT LIKELY TO HURT STEELMAKERS' MARGINS - FITCH
Fitch Ratings does not expect an increase in India's iron ore royalty rates to have a major impact on the profitability of steel producers in t ...
Friday, 22 August 14
ARBITRATION CLAUSE IN LOU HELD TO REPLACE CHARTERPARTY ARBITRATION CLAUSE
KNOWLEDGE TO ELEVATE
The Claimants had claims for cargo damage against the vessel Owners arising under four bills of lading. The vessel was th ...
Friday, 22 August 14
ICAP ENERGY LAUNCHES GLOBAL COKING COAL DERIVATIVES TRADING
First contract completed and cleared on CME
COALspot.com: ICAP Energy, the energy business of ICAP plc, announces today that it has successful ...
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- San Jose City I Power Corp, Philippines
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
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- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
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- Eastern Energy - Thailand
- Bangladesh Power Developement Board
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- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
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- Economic Council, Georgia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Mintek Dendrill Indonesia
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- Cigading International Bulk Terminal - Indonesia
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- Rashtriya Ispat Nigam Limited - India
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- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- GMR Energy Limited - India
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- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
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- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
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- New Zealand Coal & Carbon
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- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
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- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
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- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
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- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
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- Carbofer General Trading SA - India
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- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- The University of Queensland
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
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- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Romanian Commodities Exchange
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- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Bhatia International Limited - India
- MS Steel International - UAE
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
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- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
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