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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, 12 May 14
DRY BULK MARKET IS STILL STRUGGLING TO FIND FIRM FOOTING
COALspot.com: The freight market continued to be weak and the BDI closed slightly lower at 997 points or fell 1.96 pct week on week. The cape in ...
Friday, 09 May 14
RBCT SHIPPED 5.4 MMT OF COAL IN APRIL
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest coal export terminal in the world, shipped 5.45 million to ...
Friday, 09 May 14
DRY BULK MARKET: BANKRUPTCY TONNAGE UNLEASHED
Drewry’s latest Dry Bulk Forecaster saw freight rates on most routes declined in 2014’s first quarter as the previous quarter’ ...
Friday, 09 May 14
UNITED STATES COAL PRODUCTION SLIGHTLY SLIDES TO 82.4 MMST IN APRIL
COALspot.com – United States the world's second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal i ...
Thursday, 08 May 14
'TRIAL BY MEDIA, TRIAL BY LAW' - A REPORT FROM TRACK 1 OF BIMCO'S ANNUAL CONFERENCE DUBAI 2014
KNOWLEDGE TO ELEVATE
Aiming to bring a very different type of event into their annual conference, BIMCO presented ‘Double Jeopardy &n ...
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- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
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- PTC India Limited - India
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Indian Energy Exchange, India
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- Bhoruka Overseas - Indonesia
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- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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