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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, 16 May 16
THE FREIGHT MARKET WAS WEAK AND ALL SEGMENTS EXCEPT PANAMAX WERE DOWN
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this week.
The freight market was weak and a ...
Friday, 13 May 16
COAL CARGOES - SOME RECENT DEVELOPMENTS: SWEDISH CLUB
KNOWLEDGE TO ELEVATE
Indonesia continues to be amongst the world’s major exporters of coal, some 426Mt being traded in 2013 mostly to In ...
Friday, 13 May 16
US WEEKLY COAL PRODUCTION IS RUNNING 33% BELOW THE SAME PERIOD IN 2015 - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.9 million short tons (mm ...
Friday, 13 May 16
DRY BULK SHIPPING MARKET RECOVERY WILL BE A LONG, HARD-FOUGHT BATTLE - HELLENIC SHIPPING NEWS
Anyone who expects a strong rally in dry bulk market rates to end the industry’s downturn will be bitterly disappointed. By contrast – ...
Wednesday, 11 May 16
U.S. FORECAST COAL PRODUCTION IS EXPECTED TO DECLINED BY 150 MMST IN 2016; THE LARGEST DECLINE SINCE 1949 - EIA
COALspot.com: EIA estimates that U.S. coal production in April was 46 million short tons (MMst), a 6 MMst (12%) decrease from the previous month an ...
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- Eastern Coal Council - USA
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Minerals Council of Australia
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
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