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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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Wednesday, 03 December 14
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
The dry bulk market seems unable to turn sentiment round and is still looking for direction. The BCI's 887-point free fall last week had an obv ...
Wednesday, 03 December 14
CAPESIZE DRY BULK CARRIERS ENTER 2015 WITH MIXED FORTUNES, WITH A POSITIVE AND A NEGATIVE SCENARIO BOTH EMERGING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The future of the Capesize dry bulk market appears to be engulfed from mixed “feelings” among analysts and market participants, despite ...
Tuesday, 02 December 14
KEY PLAYERS SHED NEW PERSPECTIVES ON COAL MARKETS
Press Release: Singapore’s ONLY and longest established Coal Trade event. Whilst Coal prices remain challenging, there is widespread consensu ...
Tuesday, 02 December 14
KOMIPO INVITES BIDS FOR 585,000 METRIC TONS OF COAL FOR Q1'15
COALspot.com - Korea Midland Power Co. Ltd. (KOMIPO) is inviting bids for the supply of 585,000 Metric Tons of coal. According to invitation, 5700 ...
Tuesday, 02 December 14
U.S WEEKLY COAL PRODUCTION FELL 1.4% WEEK ON WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.6 million short tons (mmst) o ...
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- Indika Energy - Indonesia
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- Indogreen Group - Indonesia
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- Ministry of Finance - Indonesia
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- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
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- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
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- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
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- Tamil Nadu electricity Board
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- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
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- Central Electricity Authority - India
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- Planning Commission, India
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- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
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- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
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- Metalloyd Limited - United Kingdom
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- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
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- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
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- London Commodity Brokers - England
- ICICI Bank Limited - India
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- Trasteel International SA, Italy
- Parliament of New Zealand
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- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
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- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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- International Coal Ventures Pvt Ltd - India
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- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
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- Power Finance Corporation Ltd., India
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- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
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- GAC Shipping (India) Pvt Ltd
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