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Monday, 17 November 14
INDONESIAN COAL PRICE REFERENCE CONTINUES FREE FALL; SLUMPS TO 69-MONTH LOW
 COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in November. HBA for the month of November sets at US$ 65.70 which was US$ 1.56 lesser than last month HBA of US$ 67.26 per MT. The declared Indonesian Coal Price Reference for this month was the lowest since June 2009.
November HBA have dropped to an 69-month low with the government declared HBA falling to US$ 65.70 a ton. The highest HBA was declared in February 2011 at US$ 127.05 per MT, which was US$ 61.35 per MT higher than this month’s declared HBA.
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The excess coal output compared to a low demand is a significant contributing factor for coal prices fall for last few months.
Indonesian coal benchmark price for November 2014 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the October 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 November 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 November 2014 was 15.91 per cent or $ 12.43 lower compared to the same period in year 2013. In the meantime, November 2014 HBA was US$ 61.35 or 48.29% 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 November price was only valid for the spot price (loading on or before 30 November 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 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 full details of Indonesian coal price reference since January 2009.(cs).
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Wednesday, 07 January 15
FUEL EFFICIENT SHIPS MAKE LESS SENSE IN LOWER BUNKER PRICE MARKET, BUT FUEL COSTS ARE BOUND TO RISE AGAIN
The shipping industry entered 2015 on mixed emotions, as a relatively buoyant tanker market is met by a rather lackluster dry bulk market. Still, a ...
Wednesday, 07 January 15
2015 IS RIDDLED WITH CHALLENGES FOR THE SHIPPING SECTOR, MOST NOTABLY THE DRY BULK MARKET - HELLENIC SHIPPING NEWS
As the new year has now set foot for real, many are still looking to detect what’s in store for the various shipping markets, with the first ...
Tuesday, 06 January 15
SHIPPING MUST ADOPT CAN-DO ATTITUDE IN 2015 - MOORE STEPHENS
Shipping needs to adopt a can-do attitude in order to successfully meet the challenges which are likely to come its way in 2015.
Shipping part ...
Tuesday, 06 January 15
Q4' 15 FOB INDONESIA COAL SWAP CLOSED 1.81% HIGHER COMPARED TO Q1' 15 CLOSING
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month and week over week.
The Q1 swap has lost US$ 0.74 (-1.51%) m ...
Tuesday, 06 January 15
FOB RICHARDS BAY COAL SWAPS LOST W-O-W AND M-O-M, SGX DATA SHOWS
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 lost month on month and week over week.
The Q1 swap has lost US$ 3.52 (-5. ...
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- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
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