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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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Monday, 21 August 17
FIRM DEMAND FOR CAPES CONTINUE TO SUPPORT DRY BULK SHIPPING
COALspot.com: The freight market was continued to rose this past week compared to the previous weeks, as BDI, Cape and Panamax indexes show a posit ...
Friday, 18 August 17
U.S. WEEKLY COAL OUTPUT UP 2.1% WEEK OVER WEEK, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.5 million short ton ...
Thursday, 17 August 17
DESPITE A HOLIDAY-DISRUPTED WEEK IT HAS BEEN A NEW ACTIVE WEEK FOR THE PANAMAXES - FEARNLEYS
Supramax
A very quiet start to the week with holidays in several countries. USG still bringing good results supported by a tight tonnage availabl ...
Monday, 14 August 17
CENTURIES ON, AND DRY BULK STILL RULES THE WAVES... - SARAH HOLDEN | CLARKSONS
By the late 1800s, the shipping industry had been transformed by the introduction of steam power and iron ships. Coal and grain were two of the mos ...
Monday, 14 August 17
THE FREIGHT MARKET CONTINUES ON AN UPWARD PATH
COALspot.com: The freight market was continued to rose this past week compared to the previous week, as BDI, Cape and Panamax indexes show a positi ...
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Showing 1966 to 1970 news of total 6871 |
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- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- PTC India Limited - India
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
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