We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
 |
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).
COALspot.com makes no warranties, express or implied, as to the accuracy adequacy or completeness of the information and assumes no liability in connection with any party use of it. Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such. COALspot.com will endeavor to update information where appropriate, but is under no obligation to do so. All third party users of this website and or data produced or published by the COALspot.com do so at their own risk. Read our Terms of Use | Privacy Policy | Disclaimer before use of this site.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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 ...
|
|
|
Showing 3371 to 3375 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Australian Coal Association
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
|
| |
| |
|
