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Monday, 15 December 14
INDONESIAN COAL PRICE REFERENCE CRASHES THROUGH $65
 COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in December. HBA for the month of December sets at US$ 64.65. The current month price reference for Indonesian coal fell US$ 1.05 pet MT month over month. The declared Indonesian Coal Price Reference for this month was the lowest since June 2009.
December HBA have dropped to an 69-month low with the government declared HBA falling to US$ 64.65 a ton. Indonesian some Coal miners axe jobs and suspend mine operations as falling prices and reduced demand. The highest HBA was declared in February 2011 at US$ 127.05 per MT, which was US$ 62.40 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 or year. World’s recent oil price decline may push further the current coal prices to more deeper or delay the recovery of coal prices.
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Indonesian coal benchmark price for December 2014 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the November 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 – 31 December 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 December 2014 was 19.49 per cent or $15.66 lower compared to the same period in year 2013. In the meantime, December 2014 HBA was US$ 62.40 or 49.11% lower compared to all time higher HBA which was declared in month of February 2011.
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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 December price was only valid for the spot price (loading on or before 31 December 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.
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Click here for full details of Indonesian coal price reference since January 2009.(cs). Last Update:15 Dec 2014 09:44 GMT +08:00
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Monday, 29 December 14
SGX'S FOB NEWCASTLE COAL SWAPS IMPROVED W-O-W, LOST M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 1.44 per MT (-2.73%) month over month and gained US$ 0.36 (+0.71%) ...
Friday, 26 December 14
SHIPS FACE LOWER SULPHUR FUEL REQUIREMENTS IN EMISSION CONTROL AREAS FROM 1 JANUARY 2015 - IMO
Ships trading in designated emission control areas will have to use on board fuel oil with a sulphur content of no more than 0.10% from 1 January 2 ...
Wednesday, 24 December 14
CAPE DEMAND WAS STILL EXTREMELY SOFT THIS PAST WEEK ACROSS BOTH BASINS - INTERMODAL
COALspot.com: The performance of the Dry Bulk market, which found itself in desperate search of support for yet another week, has left very little ...
Wednesday, 24 December 14
MARKET INSIGHT - JOHN N. COTZIAS, INTERMODAL SNP BROKER
The year is coming to an end, and we should be able to assess if this was a good year, a bad year, or even a lousy one? The answer clearly de ...
Tuesday, 23 December 14
Q1'15 FOB INDONESIA COAL SWAP GAINED 48 CENTS IN ONE WEEK
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month and gained week over week and day on day.
The Q1 swap has lo ...
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- OPG Power Generation Pvt Ltd - India
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- Krishnapatnam Port Company Ltd. - India
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- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Australian Commodity Traders Exchange
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- Africa Commodities Group - South Africa
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- Ministry of Transport, Egypt
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- Economic Council, Georgia
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- Heidelberg Cement - Germany
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- Goldman Sachs - Singapore
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- Electricity Generating Authority of Thailand
- White Energy Company Limited
- New Zealand Coal & Carbon
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- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- The University of Queensland
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- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
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- Indian Energy Exchange, India
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- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
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- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Planning Commission, India
- Chamber of Mines of South Africa
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- Power Finance Corporation Ltd., India
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- VISA Power Limited - India
- PTC India Limited - India
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
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- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
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- Ministry of Finance - Indonesia
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- Bhoruka Overseas - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Tata Chemicals Ltd - India
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- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Central Electricity Authority - India
- Medco Energi Mining Internasional
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- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
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- Siam City Cement PLC, Thailand
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- Wilmar Investment Holdings
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- MS Steel International - UAE
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- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
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- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
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- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
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- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
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- Indonesian Coal Mining Association
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- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
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