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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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Monday, 15 August 16
THE SPOT FREIGHT MARKET STRENGTHEN OVER THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose as Cape and Panamax segments ending in a positive no ...
Friday, 12 August 16
U.S. WEEKLY COAL OUTPUT ENDING AUGUST 6 FELL SLIGHTLY
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.9 million short ton ...
Thursday, 11 August 16
CAPESIZE THE PACIFIC SIDE IS LOOKING MORE POSITIVE, DRIVEN BY AUSTRALIAN IRON ORE - FEARNLEYS
Supramax
Rates continue to be under pressure with index ending up with 639 points and average TC value at USD6,680, said Fearnleys. Fearnleys A/S ...
Thursday, 11 August 16
EIA ESTIMATES THE DELIVERED COAL PRICE TO U.S. ELECTRIC UTILITIES IN 2017 AVERAGED $2.24/MMBTU; $0.05/MMBTU HIGHER THAN 2016 ESTIMATES
Coal Supply
U.S. coal production in July was 65 million short tons (MMst), an 8 MMst (14%) increase from the previous month but 11 MMst (15%) low ...
Wednesday, 10 August 16
THE DRY BULK MARKET KEPT SOFTENING LAST WEEK; WE CAN SEE MUCH HEALTHIER NUMBERS STARTING SEPTEMBER
The Dry Bulk market kept softening last week as we have now started going through the traditionally quieter days of the summer season peak period, ...
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- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- White Energy Company Limited
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
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