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Monday, 09 October 17
INDONESIAN COAL PRICE REFERENCE HITS NEW HIGH FOR 2017
.jpg) COALspot.com: Indonesian coal benchmark price surges 2.13% in October month over month, the latest ministerial decree showed.
The benchmark price of Indonesian thermal coal has increased US$1.96 per ton month on month to $93.99 per ton for October 2017 delivery.
The Minister of Energy and Mineral Resources Republic Indonesia had declared October 2017 HBA at US$93.99 per ton for 6322 GAR power plant coal by issuing a ministerial decree 3613 K / 32 / MEM / 2017 dated 4 October 2017.
The ministry has increased the monthly Indonesian thermal coal price reference for October delivery by 2.13% a ton compared to last month's declared HBA. In the meantime, the October 2017 HBA is 36.08% higher the comparable period in 2016.
The Indonesian coal price reference of October 2017 increased US$1.96 a ton compared to September 2017.
According to details of HBA mentioned in previous months, an increase or decrease in four international coal indices such as ICI-1, Platts-5900, NEX and GC will cause an increase or decrease in Indonesian coal price reference every month, as HBA is linked to those international coal indices. The ministerial decree 3613 K / 32 / MEM / 2017 dated 4 October 2017 have not given any details about formation of HBA.
The coal price reference in Indonesia was established to fulfil the requirement of mining law 04/2009 and ministerial decree No.17/2010. In addition to that, it aims to increase government revenue from royalties from coal producers.
The declared Indonesia thermal coal reference price (or called HBA) for February 2016 was the lowest in 106 months or since launching of HBA by the government of Indonesia. The royalties and taxes will be calculated based on this declared HPB. Interestingly, the highest monthly average price occurred in February 2011, while the lowest coal price also occurred in February 2016.
Indonesian coal benchmark price for October 2017 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the September 2017 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-5900 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25% and its was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8% (arb), Ash Content 15 % (arb) and delivery free on Board (FOB) Vessel basis and apply to spot contract, delivery between 1 – 31 October 2017.
The highest benchmark price was declared by the Ministry of Energy & Mineral Resources of Indonesia in February 2011, and this month’s declared price is around US$ 33.06 a ton or 26.02% lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 43.07 a ton or 84.58% 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 31 October 2017), while (as per previous HBA note) 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. However this time, the government has only declared HBA and not price for eight brands or HPB or any details about types of coal, formula or calcualtion for term contract.
COALspot.com, has utilized its calculator which has developed based on HBA formula and terms and condition calculate price for eight major brands and HPB for other types of coal. As usual we have updated our data base as per our own calculation.
Click here for full details of Indonesian coal price reference since January 2009.(cs)
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Tuesday, 31 October 17
BALTIC DRY INDEX TAKES A BREAK FROM ITS UPWARD RALLY COURSE - GEORGE LAZARIDIS
It has been a week of corrections for the dry bulk freight market as it seems as the general Baltic Dry Index takes a break from its upward rally c ...
Friday, 27 October 17
U.S WEEKLY COAL PRODUCTION FLAT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.9 million short tons ...
Thursday, 26 October 17
CYBER COVER FOR E-BILLS - PHILIP STEPHENSON
KNOWLEDGE TO ELEVATE
Increasingly popular electronic bills of lading are, by their nature, susceptible to the risk of cyber attack. Here, Stan ...
Thursday, 26 October 17
INDO TO CHINA ROUNDS SUPRAS ACHIEVING AROUND HIGH $14000 - FEARNLEYS
Supramax
By mid-week the market has been relatively quiet in the Pacific basin as well, but still some healthy rates being achieved on the differ ...
Thursday, 26 October 17
STRONG SIGNAL FOR AUSTRALIAN COAL DEMAND - GREG EVANS
The International Energy Agency’s Southeast Asia Energy Outlook report, released today, presents a positive outlook for Australian coal produ ...
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Showing 1901 to 1905 news of total 6871 |
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
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- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
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- Energy Link Ltd, New Zealand
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- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
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- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
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- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
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- Bulk Trading Sa - Switzerland
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- Riau Bara Harum - Indonesia
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- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
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- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
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- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
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- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
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- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
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- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
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- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
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- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
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- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- VISA Power Limited - India
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- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- The University of Queensland
- CNBM International Corporation - China
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- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
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- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
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- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
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- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
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