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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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Tuesday, 30 December 14
INDIA INC TO BENEFIT AS IMPORTED COAL PRICES SET TO FALL - RAHUL PRITHIANI
The Hindu: India‘s coal import volumes are set to rise by over 30 per cent over the next two years to 214 million tonnes in 2015-16, as domes ...
Tuesday, 30 December 14
U.S WEEKLY COAL PRODUCTION ALMOST FLAT AT -0.2%
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.8 million short tons (mmst) of coal ...
Monday, 29 December 14
CHINESE COAL IMPORTS: REGULATORY RISKS? - CLARKSONS
In recent years, Chinese seaborne coal imports have surged, registering average growth of 67% p.a. between 2009 and 2013 to total 265mt. However, t ...
Monday, 29 December 14
BULK MARKET ENDS YEAR ON SOUR NOTE, SHIPBROKER SEES 'BUMPY ROAD AHEAD' - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2014 was supposed to be the year that the dry bulk market would stage a comeback and a sustainable one for that matter. However, while for the most ...
Monday, 29 December 14
Q1'15 CFR SOUTH CHINA COAL SWAP CLOSED AT $59.42
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 3.51 (-5.58%) month over month and US$ 0.08 (-0.13%) ...
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- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
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- SMC Global Power, Philippines
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
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- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- The University of Queensland
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- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
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- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
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- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
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- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Economic Council, Georgia
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
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- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Indian Energy Exchange, India
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