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Tuesday, 16 September 14
INDONESIAN GOVERNMENT DECLARED HBA SUFFERED ANOTHER SETBACK IN SEPTEMBER
 COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in September. HBA for the month of September sets at US$ 69.69 which 60 US cents lesser than last month HBA of US$ 70.29 per MT. 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. The government of Indonesia recently introduced ET-Batubara requirement to control coal export flow out of country. According to government's revised regulation, the new regulation will be in force starting from 1st October 2014.
However, September declared HBA is 10.92% or US$ 6.89 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, which was US$ 57.36 per MT higher than this month declared HBA.
Indonesian coal benchmark price for September 2014 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the August 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 – 30 September 2014.
The government of Indonesia is 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 was commenced since September 2011. According to government regulation, 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 for particular period.
The declared HBA of September 2014 was 9.36 per cent or $ 7.20 lower compared to the same period in year 2013. In the meantime, September 2014 HBA was US$ 57.36 or 45.15% 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 30 September 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 percent of the latest available month HPB, 30 per cent of one month prior HPB and 20 percent 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 fulfil 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, 02 October 14
CAPESIZE - DULL AND WITHOUT MUCH DIRECTION AS IRON ORE AND COAL VOLUMES FAIL TO LIVE UP EXPECTATIONS
Handy
After the recent weeks´ rate increase in the Atlantic we see Panamaxes snapping up handymax and Supra cargoes at much lower levels, p ...
Wednesday, 01 October 14
ASIAN THERMAL COAL PRICES TO REMAIN WEAK ON OVERSUPPLY - FITCH
COALspot.com: The thermal coal market in Asia will remain oversupplied in the next 12 months, in spite of on-going rationalisation of production, a ...
Wednesday, 01 October 14
PANAMAXES: DEFENSIVE, STRUGGLING TO KEEP ANY FURTHER DECREASES - INTERMODAL
COALspot.com: The Dry Bulk market seemed unable to shake off the trend of the week prior and the BDI remained on a downward slope for the bigger pa ...
Wednesday, 01 October 14
FITCH: GLOBAL ECONOMY FACES MULTI-SPEED RECOVERY, MULTIPLE RISKS
Fitch Ratings says in its latest Global Economic Outlook (GEO) that global growth will pick up in 2015 and 2016, but risks are weighted to the down ...
Tuesday, 30 September 14
COALVIEW TO PARTICIPATE AT MET COKE WORLD SUMMIT 2014 IN CHICAGO
COALspot.com: Coalview Ltd., LLC(“Coalview”) America's leading fully integrated coal technology and fine coal recovery company prov ...
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- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
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- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
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- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
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- Aboitiz Power Corporation - Philippines
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- International Coal Ventures Pvt Ltd - India
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- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
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- India Bulls Power Limited - India
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- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- CIMB Investment Bank - Malaysia
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- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
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- New Zealand Coal & Carbon
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- Meenaskhi Energy Private Limited - India
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- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
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- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
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- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
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- Indian Oil Corporation Limited
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
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- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
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- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
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- Global Coal Blending Company Limited - Australia
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- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
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- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
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- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
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- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
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- PNOC Exploration Corporation - Philippines
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- Economic Council, Georgia
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- Merrill Lynch Commodities Europe
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