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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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Thursday, 10 November 16
WILL TRUMP VICTORY PROVIDE A BOOST FOR HYDROCARBON & COAL INDUSTRIES? - DOUGLAS-WESTWOOD
Donald Trump’s surprise victory ends months of an adversarial presidential campaign with bitter disagreements between the two major candidate ...
Thursday, 10 November 16
PANAMAX: NO TRUMP INFLUENCE YET, AND THE MARKET IS HEADING NORTH - FEARNLEYS
Supramax
Pacific Supra market still soft and falling this week, although seems to be in a somewhat slower pace compared to last week. According t ...
Wednesday, 09 November 16
SINGAPORE'S SGX COMPLETES ACQUISITION OF LONDON'S BALTIC EXCHANGE
COALspot.com: Singapore Exchange Limited and The Baltic Exchange Limited together announced that the acquisition of the Baltic Exchange by SGX has ...
Wednesday, 09 November 16
SUPRAMAX: 50% INCREASE ON AVERAGE SINCE THE FIRST QUARTER OF THE YEAR - GIANNIS ANDRITSOPOULOS
Last week was an interesting one for the tanker market, which following the explosion of the gas pipeline in Alabama witnessed a spike in Atlantic ...
Tuesday, 08 November 16
S.KOREA'S KOMIPO ISSUES TENDER TO BUY 390K TONS OF BITUMINOUS COAL FOR JAN-FEB 2017
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 390,000 Metric Tons of Bituminous Coal for its B ...
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- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- PTC India Limited - India
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Posco Energy - South Korea
- The University of Queensland
- White Energy Company Limited
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Planning Commission, India
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
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