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Monday, 07 November 16
INDONESIAN COAL PRICE REFERENCE ROSE 59.57 PER CENT YEAR TO MONTH
COALspot.com: The Indonesia coal benchmark price hits to its highest level since May 2013. The government declared benchmark prices for Indonesian thermal coal rose for six 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 November 2016 HBA at US$ 84.89 per ton for 6322 GAR power plant coal.
DGoMC has increased the monthly Indonesian thermal coal price reference for November delivery by 22.90% a ton. This increase is the highest average monthly price gain since January 2009.
In the meantime, the November 2016 HBA was 55.96% higher the comparable period in 2015.
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The Indonesian coal price reference of November 2016 raised US$ 15.82 a ton from October 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 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$ 20.98 a ton (up 59.54% Year to Date and 22.91% 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 November 2016 FOB vessel delivery. In the meantime, the government is also declared US$ 60.11 per ton as HPB for 5000 GAR coal with total moisture 22.40%, Ash 8.90% and Sulphur 0.54% for November 2016 deliveries.
The declared Indonesia thermal coal reference price (or called HBA) for February 2016 was the lowest in 95 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 November 2016 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the October 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 November 2016.
The highest benchmark price was declared by the Ministry of Energy & Mineral Resources of Indonesia in February 2011, and this month declared price is around US$ 42.16 a ton or 33.18 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 November 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 which supported the global coal price. The market players are forecasting, the coal prices will likely surge further 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 was 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)
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Monday, 14 November 16
KOMIPO'S SEOCHEON POWER PLANT TO IMPORT 240,000 MT OF SEMI / ANTHRACITE COAL FOR Q1'17
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 240K mt of Semi-Anthracite and Anthracite Coal f ...
Monday, 14 November 16
DUNIA MAKMUR SUBSIDIARY BAGS MINING SERVICE CONTRACT WORTH $ 282.63 MILLION
PT Bukit Makmur Mandiri Utama (BUMA), has signed a life of mine contract with PT Tadjahan Antang Mineral (TAM) with a contract value of approximate ...
Monday, 14 November 16
THE CAPE INDEX ROSE 44.57 PER CENTS TO 2303 POINT WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose slightly and ending in a positive note this past wee ...
Friday, 11 November 16
INDONESIAN 4200 GAR COAL IS THE MOST ATTRACTIVE COAL IN TODAY'S MARKET - OPINION POLL
“ Which coal type of Indonesian origin do you find the most attractive in today's market?”
The on-line opinion poll conducted ...
Friday, 11 November 16
WEEKLY U.S. COAL OUTPUT FELL SLIGHTLY W/E NOVEMBER 5
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.9 million short ton ...
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- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Planning Commission, India
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- White Energy Company Limited
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- PTC India Limited - India
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