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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, 29 May 14
PEABODY ENERGY CHAIRMAN RECEIVES WCA AWARD
The World Coal Association has presented Gregory H. Boyce, Chairman and Chief Executive Officer of Peabody Energy (NYSE: BTU), with the 2014 Chairm ...
Thursday, 29 May 14
HANDY : THE SUPRAS ARE BEING TRADED AROUND 13K FOR SHORTER UPTO 1 YEAR PERIOD
Handy
The week started off with bank holidays in London and very little happening. This trend has continued and we believe it will continue into ...
Wednesday, 28 May 14
THE DRY BULK MARKET REMAINED UNDER PRESSURE - INTERMODAL
COALspot.com: The Dry Bulk market remained under pressure during this past week, with all indices pointing down compared to the previous Friday. Th ...
Tuesday, 27 May 14
PORT OF NEWCASTLE SHIPPED 19.13% LESS COAL THIS PAST WEEK
COALspot.com: In the week ended 07:00 hours 26 May 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, ...
Monday, 26 May 14
SUB-BIT FOB INDO COAL SWAP Q1' 15 DELIVERIES CLOSED AT US$ 59.40 PER MT
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- VISA Power Limited - India
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
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- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- MS Steel International - UAE
- PTC India Limited - India
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
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- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
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