We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 10 October 16
INDONESIAN COAL PRICE REFERENCE HITS HIGHEST LEVELS SINCE SEPTEMBER 2014
.jpg) COALspot.com: The Indonesia coal benchmark price hits to its highest level since September 2014. The government declared benchmark prices for Indonesian thermal coal rose for five months in a row.
The Director General of Mineral and Coal of Indonesia, the regulator of Coal industry in Indonesia who has an authority to declare the monthly benchmark price for Indonesian thermal coal, had declared October 2016 HBA at US$ 69.07 per ton for 6322 GAR power plant coal.
DGoMC has increased the monthly Indonesian thermal coal price reference for October delivery by 8.04% a ton. In the meantime, the October 2016 HBA was 20.35% higher the comparable period in 2015.
The Indonesian coal price reference of October 2016 raised US$ 5.14 a ton from September 2016. 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 Indonesian coal price reference every month, as HBA is linked to those indices.
The coal price reference in Indonesia was established to fulfil 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$ 17.07 a ton (up 8.04% 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 October 2016 FOB vessel delivery. In the meantime, the government is also declared US$ 49.56 per ton as HPB for 5000 GAR coal with total moisture 22.40%, Ash 8.90% and Sulphur 0.54% for October 2016 deliveries.
The declared Indonesia thermal coal reference price for February 2016 (or called HBA) was the lowest in 94 months or since launching of HBA by the government of Indonesia. The royalty and taxes will be calculated based on this declared HPB.
Indonesian coal benchmark price for October 2016 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the September 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 – 31 October 2016.
The highest benchmark price was declared by the Ministry of Energy & Mineral Resources of Indonesia in February 2011, and this month declared price was around US$ 57.98 a ton or 45.64 per cent lower compared to Feb’ 2011 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 31 October 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's HPB (this month) 30% one month prior HPB and 20% of two-month prior HPB).
The government is also declaring the 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.
Indonesian coal prices are starting to zoom higher and moving towards North. Continuation of China’s production cuts caused more imports into China and supported the global coal price. The market players are forecasting that, the coal prices will likely surge further in 2016 as the recent price movement suggesting that the market has overcome the bearish trend which disturbed the industry for a very long period.
The coal market was oversupplied due to high production and sluggish demand for coal consuming countries in the past few years. Even thou the oversupply issue were still not vanished away completely, the current levels of coal output are still huge, but the recent changes in coal producing countries except India are definitely indicating a tightening on output. The tight market is expected to drive the coal prices further up in the coming weeks/ months unless the China reduces its control on tight production policy and change its buying pattern.
Indonesia has reduced coal output by 30% year on year in the first six months of 2016 and the country’s exports for the same period declined 32% while domestic consumption increased 8%. India is still on its track to achieve a billion tons of coal output by 2019 / 2020 and no sign of coal output cut is seen.
Click here for full details of Indonesian coal price reference since January 2009.(cs)
COALspot.com makes no warranties, express or implied, as to the accuracy adequacy or completeness of the information and assumes no liability in connection with any party use of it. The information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
COALspot.com will endeavour to update information where appropriate, but is under no obligation to do so. All third party users of this website and or data produced or published by the COALspot.com do so at their own risk.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 09 September 16
U.S. WEEKLY COAL OUTPUT DECLINED SLIGHTLY TO 16.1 MMST, EIA SAYS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.1 million short ton ...
Friday, 09 September 16
CAPESIZE: THE SENTIMENT IS SOLID, SAYS FEARNLEYS
Supramax
A quiet start with Labour Day celebrations in the United States leading to very little being reported from the Atlantic basin. Supramaxe ...
Thursday, 08 September 16
U.S. COAL EXPORTS IN JUNE 2016 UP 29% COMPARED TO MAY 2016, SAYS EIA
U.S. coal production in August was 71 million short tons (MMst), which is 6 MMst (9%) higher than in the previous month and 12 MMst (14%) lower tha ...
Wednesday, 07 September 16
WEEKLY MARKET (TANKER) REPORT - INTERMODAL
What goes around comes around! The Shipping industry is infamous for its seasonality and cyclicality and the tanker sector is no exception to these ...
Tuesday, 06 September 16
INDO GOVT. SETS SEPTEMBER COAL REFERENCE PRICE AT US$ 63.93 PER TON; JUMP 20.17% YTD
COALspot.com: The Indonesia coal benchmark price hits to its highest level since April 2015. The government declared benchmark prices f ...
|
|
|
Showing 2291 to 2295 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Australian Coal Association
- PTC India Limited - India
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Interocean Group of Companies - India
|
| |
| |
|
