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Monday, 11 September 17
INDONESIAN ICPR SURGES HIGHER, POSTS BIGGEST MONTHLY RISE SINCE DECEMBER 2016, ESDM DATA SHOWS
COALspot.com: Indonesian coal benchmark price surges 9.60% in September, government data showed.
The benchmark price of Indonesian thermal coal increased US$8.06 per ton month on month to $92.03 per ton for September 2017 delivery.
The Director General of Mineral and Coal of Indonesia, the coal regulator of Indonesian coal who has an authority to declare the monthly benchmark price for Indonesian thermal coal, had declared September 2017 HBA at US$92.03 per ton for 6322 GAR power plant coal. DGoMC has increased the monthly Indonesian thermal coal price reference for September delivery by 9.60% a ton compared to last month declared HBA.
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In the meantime, the September 2017 HBA is 43.95% higher the comparable period in 2016.
The Indonesian coal price reference of September 2017 increased US$8.06 a ton compared to August 2017. 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 international coal 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$22.74 a ton (up 43.92% Y/Y and 9.59% M/M) for the coal with calorific value 2,995 kcal/kg on GAR with total moisture 50.10% on as received basis for September 2017 FOB vessel delivery. In the meantime, the government is also declared US$64.87per ton as HPB for 5000 GAR coal with total moisture 22.40%, Ash 8.90% and Sulphur 0.54% for September 2017 deliveries.
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The declared Indonesia thermal coal reference price (or called HBA) for February 2016 was the lowest in 105 months or since launching of HBA by the government of Indonesia. The royalties and taxes will be calculated based on this declared HPB. Interestingly, the highest monthly average price occurred in February 2011, while the lowest coal price also occurred in February 2016.
Indonesian coal benchmark price for September 2017 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the August 2017 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 September 2017.
The highest benchmark price was declared by the Ministry of Energy & Mineral Resources of Indonesia in February 2011, and this month’s declared price is around US$35.02 a ton or 27.56 per cent lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$41.11 a ton or 80.73 per cent higher compared to Feb’ 16 benchmark price, which was the lowest price ever declared by DGoMC.
The government of Indonesia was publishing a monthly coal price reference (HBA & HPB) since February 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 September 2017), 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 69 coal types with a quality similar to the coal price markers.
Click here for full details of Indonesian coal price reference since January 2009.(cs)
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Thursday, 01 February 18
RISING US OIL EXPORTS, MARKET DISRUPTION, BRENT-WTI SPREAD - WOOD MACKENZIE
What will US tight oil growth do to crude markets? The build-up in volumes early this decade led to a supply glut that undermined prices in 2014.
...
Wednesday, 31 January 18
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
Days before the celebrations of the Lunar New Year, the dry bulk market seems to be holding well, against negative predictions. Period numbers repo ...
Monday, 29 January 18
BALTIC INDEX GAINS ON STRONGER BIG VESSEL ACTIVITY
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week and ending on a positive note week ov ...
Monday, 29 January 18
U.S.WEEKLY COAL OUTPUT UP 8.7% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.6 million short tons ...
Wednesday, 24 January 18
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
Since the beginning of the New Year we have been witnessing the BDI correcting downwards, which nonetheless seems to have no effect at ...
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Showing 1821 to 1825 news of total 6871 |
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- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Petron Corporation, Philippines
- White Energy Company Limited
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- The University of Queensland
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Australian Coal Association
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
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