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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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Monday, 17 November 14
SKULD ISSUES URGENT NOTICE ON BANKRUPTCY OF OW BUNKER A/S
Further to the Association’s advices of 7 November 2014, more information has come to light with respect to the potential impact and scale of ...
Monday, 17 November 14
API 5 FOB NEWCASTLE COAL SWAP FOR Q1' 15 DELIVERY CLOSED AT $ 52.75
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery has decreased US$ 1.77 (-3.25%) month over month and US$ 0.02 (-0.04%) day ...
Monday, 17 November 14
SOUTH CHINA COAL SWAP SLIGHTLY INCREASED WEEK OVER WEEK
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 1.73 (-2.67%) month over month and US$ 0.10 (-0.16%) da ...
Sunday, 16 November 14
THE BDI LOST 12.59% WEEK ON WEEK; THE BCI LOST 19.95%
COALspot.com: The BDI fell 12.59 percent to 1256 point week on week on Friday 14 November. All the segments were also most down this week. The cape ...
Friday, 14 November 14
U.S. WEEKLY COAL OUTPUT SLIPS SLIGHTLY WEEK ENDING NOVEMBER 08
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.9 million short tons (mmst) of coal ...
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- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- PTC India Limited - India
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Minerals Council of Australia
- The University of Queensland
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
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