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Thursday, 19 March 15
INDONESIAN COAL BENCHMARK SOAR 7.69% IN MARCH....!!!
.jpg) COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised up Indonesian coal benchmark prices to US$ 67.76 per MT in March 2015. The month of March price reference for Indonesian coal soars 7.69% month over month and the government's declared Indonesian Coal Price Reference for this month was the highest since October 2014.
However, the declared benchmark for March shipments seems to be failing to reflect this month’s actual market condition in Indonesian. The market has not seen any price increase this month compared to last month price levels. The sharp moves in the Newcastle index last month has Influenced strongly a high benchmark for Indonesian coal this month.
Indonesian coal benchmark price for March 2015 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the February 2015 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-5900 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25% and its 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 apply to spot contract, delivery between 1 – 31 March 2015.
The highest HBA was declared in February 2011 at US$ 127.05 per MT, which was US$ 59.29 per ton higher than this month’s declared HBA of $ 67.76 per MT.
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 a particular period.
The declared HBA in March 2015 was 12.01 per cent or $ 9.00 lower compared to the same period in 2014. In the meantime, March 2015 HBA is US$ 59.29 or 46.67% lower compared to all time high HBA which was declared in February 2011.
February 2011 declared HBA was the highest since the launching of HBA by the government of Indonesia (US$ 127.05 / MT) and the lowest was declared in May 2009 (US$ 62.83/ MT).
The March price was only valid for the spot price (loading on or before 31 March 2015), while as for term price (up to 12 months supply), 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).
The government also declared price marker for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands act as the benchmark and used to calculate other 66 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 the barge to the vessel. The government has recently issued a regulation (644.K/30/DJB/2013 dated 21 March 2013) to regulate or determine coal prices on FOB barge. The government also fixed the freight for barging, surveyor, insurance and etc., to determine FOB barge price. Transshipment 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 being established to fulfill the requirement of mining law 04/2009 and ministerial decree No.17/2010. In addition to that, it aims to increase government revenue from royalties from coal producers.
The coal prices are now trying to settle at a new level and it may not to move the price levels of year 2008 or 2011 once again in near future unless there is any miracle happens. Weaker oil prices are now joining hands with the excess of coal supplies, low demand, to delay the recovery of coal prices from this level to higher level. It would be nice to see coal prices settle at a point where both the producer and consumer can sustain.
Click here for full details of Indonesian coal price reference since January 2009.(cs).
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Thursday, 26 March 15
KYUSHU ELECTRIC POWER OF JAPAN HAS JOINED GLOBALCOAL ONLINE COAL TRADING PLATFORM
globalCOAL® announced today that Kyushu Electric Power, one of Japan’s largest utility companies, has joined its online coal trading plat ...
Wednesday, 25 March 15
MARKET INSIGHT: TANKER CHARTERING - KATERINA RESTIS
The 1st of January 2015, as broadly reported, denoted the beginning date of new and progressive emission regulations for vessels operating within t ...
Wednesday, 25 March 15
AUSTRALIA SET TO ONCE AGAIN BE THE WORLD'S LARGEST COAL EXPORTER - COAL, MINERALS COUNCIL OF AUSTRALIA
Greg Evans, Executive Director - Coal, Minerals Council of Australia
Media Release: The latest Resources and Energy Quarterly published by the ...
Wednesday, 25 March 15
AUSTRALIA UPSTREAM ENERGY FIRMS FACE RISING OIL PRICE EXPOSURE - FITCH
Fitch Ratings says the Australian oil and gas companies involved in exploration and production face higher exposure to oil price-linked revenues, w ...
Wednesday, 25 March 15
2014 : UK COAL IMPORTS DECLINED 17%; GERMANY COAL IMPORTS UP 6%
Hard Coal Market 2014: Despite The Energy Turnaround, Hard Coal Imports To Germany Rise By More Than 6%, Although Hard Coal-Fired Power Generation ...
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- GAC Shipping (India) Pvt Ltd
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- The University of Queensland
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- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
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- Ministry of Finance - Indonesia
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- Price Waterhouse Coopers - Russia
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- GVK Power & Infra Limited - India
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- Rio Tinto Coal - Australia
- Minerals Council of Australia
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- Indian Oil Corporation Limited
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- Intertek Mineral Services - Indonesia
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- Energy Development Corp, Philippines
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- Parliament of New Zealand
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- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Australian Coal Association
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
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- White Energy Company Limited
- New Zealand Coal & Carbon
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- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
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- Standard Chartered Bank - UAE
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- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
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- Indonesian Coal Mining Association
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- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
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- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Aditya Birla Group - India
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
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- The Treasury - Australian Government
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- Altura Mining Limited, Indonesia
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- Electricity Authority, New Zealand
- India Bulls Power Limited - India
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- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
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