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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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Friday, 06 May 16
U.S. WEEKLY COAL PRODUCTION UP 9 PERCENT W/W; DOWN 35.3 PERCENT Y/Y - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.3 million short to ...
Thursday, 05 May 16
DRY BULK MARKET ON REVERSE MODE, AS HOLIDAYS AROUND THE WORLD HURT DEMAND - HELLENIC SHIPPING NEWS
The dry bulk market’s recent rally has been put on a temporary hold, as various holidays around the world have put a stop in it. In its lates ...
Wednesday, 04 May 16
COAL IMPORTS: A VOLATILE MATTER OR STILL POWERING DOWN? - CLARKSONS
Chinese coal imports decreased significantly in 2014-15, and so far in 2016 the pace of decline appears to have slowed, with imports even recording ...
Wednesday, 04 May 16
IS THE DRY BULK MARKET OUT OF THE WOODS YET, OR NOT? - HELLENIC SHIPPING NEWS
Things are beginning to brighten up in the beleaguered dry bulk market, which is riding on a multi-week rally to find itself around the “psyc ...
Wednesday, 04 May 16
POWER - WEEK: REAL EXAMPLES AND CASE STUDIES
POWER WEEK
7 - 11 November 2016, PARKROYAL on Beach Road Hotel, Singapore
www.power-week.com
Overview
Designed for the global e ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
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- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Marubeni Corporation - India
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