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Tuesday, 12 April 16
INDONESIA COAL BENCHMARK PRICE INCREASES FOR SECOND STRAIGHT MONTH
COALspot.com: The Indonesia Coal Benchmark Price Increases For Second Straight Month in April 2016.
The Director General of Mineral and Coal of Indonesia, who has authority to declare monthly bench mark price for Indonesian thermal coal, increased Indonesia coal benchmark price for April 2016. The Mineral and Coal department has declared April 2016 HBA at US$ 52.32 per ton for 6322 GAR power plant coal on 11 April 2016.
The April 2016 HBA climbed nearly 1.36% from last month but declined 18.86% the comparable period in 2015.
The April 2016 price reference for Indonesian coal up 1.36% or US$ 0.70 a ton from March 2016. The April Indonesia benchmark price for coal was off 18.86% from the April 2015 price of US$ 64.48 a ton. An increase or decrease in four international coal indices such as ICI-1, Platts-5900, NEX and GC will cause an increase or decrease in HBA every month, as HBA is linked to those indices.
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The coal price reference in Indonesia was 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.
According to the data from Director General shows that the government has fixed US$ 12.93 a ton (rose 1.33 per cent month on month) for the coal with calorific value 2,995 kcal/kg on GAR with total moisture 50.10% on as received basis for April 2016 FOB vessel delivery. In the meantime, the government is also declared US$ 38.38 per ton as HPB for 5000 GAR coal with total moisture 22.40%, Ash 8.90% and Sulphur 0.54% for April 2016 deliveries.
The February 2016 Indonesia thermal coal reference price (or called HBA) was the lowest in 88 months or since launching of HBA by the government of Indonesia in January 2009. The royalty and taxes will be calculated based on this declared HPB.
Indonesian coal benchmark price for April 2016 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the March 2016 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 – 30 April 2016.
The highest benchmark price was declared by the Ministry of Energy & Mineral Resources of Indonesia in February 2011, around 5 years ago and this month declared price is around US$ 74.73 a ton or 58.82 per cent lower compared to Feb’ 11 benchmark price.
The government of Indonesia was 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 and 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.
HBA of February 2011 was the highest since the launching of HBA by the government of Indonesia (US$ 127.05 / MT for 6322 GAR coal) and the lowest was declared in February 2016 (US$ 50.92 / MT).
The declared HBA in this month is valid for the spot price (loading on or before 30 April 2016), 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% of the latest available month HPB (this month) 30% one month prior HPB and 20% 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 67 coal types with a quality similar to the coal price markers.
The excess of coal supplies and weak demand, fast developments of renewable energy and fall in oil prices are still to be blamed for obstacle of price recovery or the main reasons of falling of coal prices. According to small scale miners, today’s coal price levels were no more supporting any new investments or new explorations in coal mines. Some Indonesian big scale miners are increasing the production to keep their bottom line healthy while small scale miners either closing down the operation or downscale the operation to keep float at this difficult time.
Click here for full details of Indonesian coal price reference since January 2009.(cs).
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Tuesday, 29 November 16
US WEEKLY COAL OUTPUT TOTALS 17.2 MMST, UP 2.8% : EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 17.2 million short ton ...
Monday, 28 November 16
BALTIC DRY INDEX FALLS TO 1181 POINT, DOWN 76 POINTS W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities down slightly and ending in a negative note this past wee ...
Thursday, 24 November 16
SUPRAMAX: SOUTH AFRICA STILL STRONG WITH OWNERS ACHIEVING AROUND USD 14-15K FOR TRIPS EAST - FEARNLEYS
Supramax
A positive kick-off in both the Atlantic and the Pacific. Very healthy rates within USG, some supras receiving well over 20k for trips t ...
Wednesday, 23 November 16
MARKET INSIGHT - CHRISTOPHER THOMAS WHITTY
The Organization of the Petroleum Exporting Countries (OPEC) is due to finalize a reduction in total production at its next scheduled meeting in Vi ...
Tuesday, 22 November 16
ITALY'S STEAM COAL IMPORTS EXPECTED TO DECLINE 7% Y/Y TO 15 MILLION TONS IN 2017 - ITALIAN COAL ASSOCIATION
Italy’s steam coal imports expected to decline to 15 million tons in 2017, or 7% less imports compared to 2016. The coking coal imports are e ...
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- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Planning Commission, India
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
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