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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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Saturday, 06 December 14
MUNDRA PORT MAKES HISTORY BY HANDLING THE LARGEST BULK CARRIER TO CALL ON WEST COAST OF INDIA
COALspot.com: Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, yesterday said its Mundra Port successf ...
Friday, 05 December 14
CHINESE SPECIAL STEEL MAKERS' RISK PROFILES MORE RESILIENT - FITCH
Fitch Ratings says the risk profiles of Chinese makers of special steel, especially high-end products, are more like those of manufacturers and mor ...
Friday, 05 December 14
U.S. YEAR-TO-DATE COAL PRODUCTION REACHED AROUND 905 MMST - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19 million short tons (mmst) of coal i ...
Thursday, 04 December 14
CAPE MARKET IS DEVELOPING FROM BAD TO WORSE
Handy
The Atlantic market has been pretty stable and balanced this week, Fearnleys AS says in its latest weekly report.
The broker furt ...
Thursday, 04 December 14
DRY BULK MARKET; ANOTHER DISAPPOINTING WEEK
COALspot.com: For those who have been hoping to see alignment of freight direction across the Dry Bulk market, this must have been another disappoi ...
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- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- The University of Queensland
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Australian Coal Association
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
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