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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, 07 November 16
HANDYSIZE: THE ASIAN INDICES RECORDED A GRADUAL DROP EVERY DAY - THE BALTIC BRIEFING
Capesize
A rumour-fuelled market this week but essentially rates a touch firmer and owners cautiously optimistic. The flotilla of vessels heading ...
Monday, 07 November 16
THE SUPRAMAX CHARTER RATES FOR INDONESIA TO INDIA WERE RATING AT AROUND $7500-8000 A DAY
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, 04 November 16
U.S COAL PRODUCTION UP WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 17 million short tons ...
Friday, 04 November 16
INDONESIAN INFRASTRUCTURE DEVELOPMENT TRENDS ARE UNANIMOUSLY AFFIRMED
Press Release: October 20-21, 2016 Indonesia Infrastructure Summit (IIC) opened at the Hyatt Hotel in Jakarta The theme of the meeting was "Pr ...
Thursday, 03 November 16
THE INDEX BASED COAL SALES & PURCHASE STRATEGY MAKES MORE EFFICIENT, SAYS 55.17% END-USERS
Considering the current coal market condition, the Index based coal sales & purchase strategy make more efficient was deemed the winner by 57.0 ...
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- PTC India Limited - India
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
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- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
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- Indian Energy Exchange, India
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- LBH Netherlands Bv - Netherlands
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- Planning Commission, India
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Central Electricity Authority - India
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
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