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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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Wednesday, 30 March 16
MINISTRY OF ENERGY AND MINERAL RESOURCES OF INDONESIA TO REVISE METHODOLOGY TO DETERMINE THE SELLING PRICE OF COAL TO MINE-MOUTH POWER PLANTS
COALspot.com: Ministry of Energy and Mineral Resources (ESDM) of Indonesia to review to revise methodology to determine the selling price of co ...
Wednesday, 30 March 16
VALEMAXES: THE BIGGEST NIGHTMARE OF TODAY'S DRY BULK MARKET - INTERMODAL
At a time that Europe is still dealing with the aftermath of the terrorist attacks in Brussels our society is daily bombarded with news of terroris ...
Tuesday, 29 March 16
BULK CARRIER VENTILATION - CAPTAIN PAUL R. WALTON
KNOWLEDGE TO ELEVATE
Moisture damage is a source of many cargo claims. Claimants allege that it is brought about by the ship’s failure t ...
Monday, 28 March 16
INDONESIAN WEEKLY CS50 COAL INDEX CLOSED SLIGHTLY FIRM; CS 57 INDEX CLOSED WEAK
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 0.03 percent week over week to averaging $38.91 per ton on this past Thursday, ...
Monday, 28 March 16
THE SUPRAMAX INDEX WAS UP TWENTY-FOUR POINTS TO 473 POINTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
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- Bulk Trading Sa - Switzerland
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- Indonesian Coal Mining Association
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- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
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- Goldman Sachs - Singapore
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- New Zealand Coal & Carbon
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- The Treasury - Australian Government
- Electricity Authority, New Zealand
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- Cement Manufacturers Association - India
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- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
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- Minerals Council of Australia
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- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
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- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
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- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Trasteel International SA, Italy
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- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
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- Petron Corporation, Philippines
- PowerSource Philippines DevCo
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- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
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- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
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- Karbindo Abesyapradhi - Indoneisa
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- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
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- Kohat Cement Company Ltd. - Pakistan
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- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
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- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
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- Renaissance Capital - South Africa
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- Parliament of New Zealand
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