Wednesday, 04 Jan 2012
Bloomberg quoted according to data released by the energy ministry that Indonesia, the world largest exporter of power-station coal, cut the benchmark price for sales in January by 3% to the lowest in 13 months.
The Directorate General of Coal and Minerals at the ministry said in its website today in Jakarta that the cost of coal with a gross energy value of 6,322 kilo calories per kilogram was set at USD 109.29 a ton on free-on-board basis at vessel compared with USD 112.67 a ton in December.
Below is a list of price references and markers used to calculate prices for coal of similar quality from eight leading grades in Indonesia, Southeast Asia biggest economy as compiled by the energy ministry. Grades are in kilo-calories a kilogram while prices are in US dollars a ton.
(Sourced from Bloomberg)
Showing posts with label Indonesian coal price HBA. Show all posts
Showing posts with label Indonesian coal price HBA. Show all posts
Wednesday, January 4, 2012
Monday, December 12, 2011
Indonesia coal pricing norm affects Indian power companies
Monday, 12 Dec 2011
About 14,000 MW of capacity addition in the pipeline, based on Indonesian coal, appears to have hit a roadblock after Indonesia made it mandatory for coal exports to be benchmarked to international prices from September 23.
TATA Power, Reliance Power, Adani Power, JSW Energy and Lanco Infratech had aggressively bid in the tariff based competitive bidding process for power projects, based on their agreements/ arrangements they had made for fuel stock from Indonesia.
It is learnt that the developers had worked the financials of their projects factoring in the coal price they had entered into in Indonesia for long term supply, which in some cases are about USD 26 to USD 30 a tonne, almost half the benchmark prices.
TATA Power has commissioned the first of its 830 MW unit at Mundra. Reliance Power has slowed down work at its 4,000 MW Krishnapatnam project till a decision is taken as no substantial investments had been made and lenders too were reluctant to release funds citing fuel price cost.
Mr Ashok Khurana director general of Association of Power Producers the apex body of power developers in the country said that “The issue concerns about 20,000 MW of stranded capacity.”
He said that the association is only asking the Government for a forum or mechanism where the voices of the developers would be heard. A decision needs to be taken. It is not only about imported coal even domestic producers are impacted as Coal India is not able to address their requirements.
Mr Khurana said it must be understood that the ultra mega power project format was put up by the Government and assurances were given. It is not the developers' fault. Today bankers and investor were spurning them. Asking developers to speak to procurers is just passing the buck.
A few months back, Mr Alok Kanagat, Chief Executive Officer, Coastal Gujarat Power, wrote to the Power Minister stating that while initial calculations based on the Central Electricity Regulatory Commission norms provided for 14% return on equity would be around INR 600 crore per annum, but with the coal cost increase the impact could be up to INR 1,800 crore and nullify returns. Further, the impact on tariff could be up to INR 1 per unit.
To tide over the crisis, TATA Power has provisioned INR 823 crore for impairment in Coastal Gujarat Power Ltd this quarter. This has been worked out on the projected fuel cost that could impact future cash flows. Further, to address coal price volatility, Tata Power said it would also consider transferring 75% ownership of investments in coal companies to CGPL.
(Sourced from BL)
About 14,000 MW of capacity addition in the pipeline, based on Indonesian coal, appears to have hit a roadblock after Indonesia made it mandatory for coal exports to be benchmarked to international prices from September 23.
TATA Power, Reliance Power, Adani Power, JSW Energy and Lanco Infratech had aggressively bid in the tariff based competitive bidding process for power projects, based on their agreements/ arrangements they had made for fuel stock from Indonesia.
It is learnt that the developers had worked the financials of their projects factoring in the coal price they had entered into in Indonesia for long term supply, which in some cases are about USD 26 to USD 30 a tonne, almost half the benchmark prices.
TATA Power has commissioned the first of its 830 MW unit at Mundra. Reliance Power has slowed down work at its 4,000 MW Krishnapatnam project till a decision is taken as no substantial investments had been made and lenders too were reluctant to release funds citing fuel price cost.
Mr Ashok Khurana director general of Association of Power Producers the apex body of power developers in the country said that “The issue concerns about 20,000 MW of stranded capacity.”
He said that the association is only asking the Government for a forum or mechanism where the voices of the developers would be heard. A decision needs to be taken. It is not only about imported coal even domestic producers are impacted as Coal India is not able to address their requirements.
Mr Khurana said it must be understood that the ultra mega power project format was put up by the Government and assurances were given. It is not the developers' fault. Today bankers and investor were spurning them. Asking developers to speak to procurers is just passing the buck.
A few months back, Mr Alok Kanagat, Chief Executive Officer, Coastal Gujarat Power, wrote to the Power Minister stating that while initial calculations based on the Central Electricity Regulatory Commission norms provided for 14% return on equity would be around INR 600 crore per annum, but with the coal cost increase the impact could be up to INR 1,800 crore and nullify returns. Further, the impact on tariff could be up to INR 1 per unit.
To tide over the crisis, TATA Power has provisioned INR 823 crore for impairment in Coastal Gujarat Power Ltd this quarter. This has been worked out on the projected fuel cost that could impact future cash flows. Further, to address coal price volatility, Tata Power said it would also consider transferring 75% ownership of investments in coal companies to CGPL.
(Sourced from BL)
Friday, December 2, 2011
ASIA COAL MARKET: Indonesian coal prices continue to slip on lack of demand
Friday, 2 Dec, 2011
Manila (Platts): Indonesian coal prices continued to soften Friday as reports trickle in that that barging is now being allowed at the Mahakam river and Chinese importers are not serious about chasing spot cargoes.
A trader said his Chinese associates are still asking him to offer Indonesian coal in China, but added that he is not trading as he feels that Chinese importers will only buy at prices lower than what they have been offered.
He said he received a Chinese bid for 5,000 kcal/kg GAR Kalimantan coal at $76.50/mt FOB for blended material.
An Indonesian coal producer previously offered to sell at $77/mt FOB.
The producer has not yet responded to the Chinese bid and may likely agree to lower the price, he said.
"I am trying to close something for 5,000 kcal/kg GAR," the trader said, adding that Indonesian coal prices continued to remain soft.
Meanwhile, the supply disruption caused by the November 26 collapse of a public suspension bridge at the Mahakam river failed to give support to Indonesian coal prices, industry sources said.
On Friday, a north Asian buyer said coal-carrying barges have been now allowed to pass through the portion of the Mahakam river where the bridge collapsed.
Separately, Mahakam Sumber Jaya, or MSJ, a unit of Tanito Coal, which declared a force majeure on its December shipments after the bridge collapsed, has lifted the declaration Thursday.
A second trader said there are hardly any buyers for Indonesian cargoes, adding that Kalimantan prices are edging lower.
Another trader said there continued to be very few bids out of China, describing bids by Chinese importers as all over the place.
"The same is true for Indonesian coal price offers," he said.
He added that Indonesian CFR price offers for 4,000 kcal/kg NAR coal for south China delivery were between $65/mt and $82/mt.
Platts assessed Thursday the FOB Kalimantan 5,900 kcal/kg GAR at $98.00/mt, a $0.25/mt decline from a day earlier and FOB Kalimantan 5,000 kcal/kg GAR at $76.00/mt, down $0.25/mt day on day.
(Courtesy sourced Platts)
Manila (Platts): Indonesian coal prices continued to soften Friday as reports trickle in that that barging is now being allowed at the Mahakam river and Chinese importers are not serious about chasing spot cargoes.
A trader said his Chinese associates are still asking him to offer Indonesian coal in China, but added that he is not trading as he feels that Chinese importers will only buy at prices lower than what they have been offered.
He said he received a Chinese bid for 5,000 kcal/kg GAR Kalimantan coal at $76.50/mt FOB for blended material.
An Indonesian coal producer previously offered to sell at $77/mt FOB.
The producer has not yet responded to the Chinese bid and may likely agree to lower the price, he said.
"I am trying to close something for 5,000 kcal/kg GAR," the trader said, adding that Indonesian coal prices continued to remain soft.
Meanwhile, the supply disruption caused by the November 26 collapse of a public suspension bridge at the Mahakam river failed to give support to Indonesian coal prices, industry sources said.
On Friday, a north Asian buyer said coal-carrying barges have been now allowed to pass through the portion of the Mahakam river where the bridge collapsed.
Separately, Mahakam Sumber Jaya, or MSJ, a unit of Tanito Coal, which declared a force majeure on its December shipments after the bridge collapsed, has lifted the declaration Thursday.
A second trader said there are hardly any buyers for Indonesian cargoes, adding that Kalimantan prices are edging lower.
Another trader said there continued to be very few bids out of China, describing bids by Chinese importers as all over the place.
"The same is true for Indonesian coal price offers," he said.
He added that Indonesian CFR price offers for 4,000 kcal/kg NAR coal for south China delivery were between $65/mt and $82/mt.
Platts assessed Thursday the FOB Kalimantan 5,900 kcal/kg GAR at $98.00/mt, a $0.25/mt decline from a day earlier and FOB Kalimantan 5,000 kcal/kg GAR at $76.00/mt, down $0.25/mt day on day.
(Courtesy sourced Platts)
Sunday, September 11, 2011
Price rise in coal from Indonesia hits power companies in India
Sunday, 11 Sep 2011
The government of India has confirmed that the increase in prices of coal from Indonesia has hit power producing companies in India.
Minister of State for Power Mr KC Venugopal informed the Lok Sabha that "Some power generation companies in India are facing the problem of an increase in the price of imported coal due to new regulations in export of the commodity in Indonesia.”
Some Indian power companies or their group companies hold shares in or have acquired coal mines in Indonesia, Australia and South Africa.
New regulation issued recently by the government of Indonesia prohibits the sale of coal, including sales to affiliate companies, below a benchmark price based on international rates. The regulation requires that all existing contracts are modified from this month to comply with the new coal pricing regulation.
The target for electricity generation is fixed on a year-to-year basis, keeping in view the performance of existing units and their maintenance program, the contribution expected from new generating units programmed to be commissioned, the availability of fuel, water, etc.
Private power companies like TATA Power and Reliance Power have written to the Power Ministry in the past, requesting it to mediate with the procurers of electricity from their Mundra (Gujarat) and Krishnapatnam (Andhra Pradesh) projects, respectively, for an increase in tariffs.
The two firms had asked the Power Ministry to allow them to increase the tariffs of their projects as the imported coal sourced from Indonesia for these projects has become dearer.
(sourced from NDTV)
The government of India has confirmed that the increase in prices of coal from Indonesia has hit power producing companies in India.
Minister of State for Power Mr KC Venugopal informed the Lok Sabha that "Some power generation companies in India are facing the problem of an increase in the price of imported coal due to new regulations in export of the commodity in Indonesia.”
Some Indian power companies or their group companies hold shares in or have acquired coal mines in Indonesia, Australia and South Africa.
New regulation issued recently by the government of Indonesia prohibits the sale of coal, including sales to affiliate companies, below a benchmark price based on international rates. The regulation requires that all existing contracts are modified from this month to comply with the new coal pricing regulation.
The target for electricity generation is fixed on a year-to-year basis, keeping in view the performance of existing units and their maintenance program, the contribution expected from new generating units programmed to be commissioned, the availability of fuel, water, etc.
Private power companies like TATA Power and Reliance Power have written to the Power Ministry in the past, requesting it to mediate with the procurers of electricity from their Mundra (Gujarat) and Krishnapatnam (Andhra Pradesh) projects, respectively, for an increase in tariffs.
The two firms had asked the Power Ministry to allow them to increase the tariffs of their projects as the imported coal sourced from Indonesia for these projects has become dearer.
(sourced from NDTV)
Friday, March 18, 2011
Fall in Indonesian Coal Exports in February'2011
Friday, 18 March 11
(sourced:coalspot)
Above exportt information within this article is provided by coalspot on an "as is" and "as available” basis. All details about, given in good faith and has been collected from various press reports, organization and individuals considered reliable but without guarantee. While every care has been taken to ensure the accuracy of information furnished in this article. COALspot shall be obliged if errors / omissions are brought to its notice for carrying out corrections in this article.(cs)
If you believe an article violates your rights or the rights of others, please contact us.
Indonesian coal exports seen a fall of 10.76% during Feb 2011. The world’s largest coal exporter shipped 22.029 MMts of coal against its exports of 24.687 million tons in January 2011, according to the industry sources.
The Indonesian coal exports to the largest importers viz., India and China have shrunk to the extent of 9.27% and 11.71% respectively in the month of Feb'2011. India has imported a total tonnage of around 4.631 MMts (5.105MMts in Jan) as against Chinese imports of 4.234 MMts (4.796 MMts in Jan).
India remained the largest importer of Indonesian coal in February 2011.
The combined affect of slow down in the imports of Indonesian coal had a combined affect of 4.19% of total Indonesian coal exports in February. However, India pushed China to second place in this year.
Last two years Chinese's utilities have imported more Indonesian coal than Indian Utilities. However, in 2011 India has inched above the Chinese utilities usage of Indonesian coal. In to 40.24 percent of total Indonesian coal exports in February goes to India and China.
Top five Indonesian coal importers in February were India, China, Japan South Korea and Taiwan.
According to market players, since 2009 Indonesian coal witnessed higher exports due to the increased demand from India and China. Chinese and Indian end-user are always keep an eye on Indonesia for their coal needs, due to the fact that Indonesia is closer to their ports. this results in lesser voyage time resulting in lesser sea freights.
Increase in Indonesian exports of Low rank coal picked up in recent months. This is one of the main reason for India emerging as the topper for Indonesian exports. due to domestic coal shortage Indian consumers have devised a primitive method of blending of Low rank high moisture coal with the available linkage domestic coal. Indian domestic coal characterized by high ash (30% to 40%) and low moisture (9%) which can advantageously blend with Indonesian Low rank coal of high Moisture (<50%) and low ash (<8%).
Also the increase of Bio Mass and Co-generation capacities Low rank coals have become the order of the day. Also the higher discount prevailing for Low rank coals have encouraged their usage.
Due to the spate of demand for Low ranking coal (<3200 GAR coals with Moisture of up to 50%) Sumatra based LRC suppliers were also targeting Indian market for their exports. In view of this encouraging business Industry is worried and closely watching the proposed Indonesian Govt. policy of banning exports of Low ranking coals.
One of the Indian traders commented that due to good rain resulting in continuous Hydro power, drop in cement and steel demand in India resulted in accumulation of stocks in Indian ports and with the plants. This is the main reason for lower imports in Indonesian coal. However, he also added that, the next 4 months being summer months in India the demand for power, steel and cement increases thereby the movement in coal may be witnessed resulting in higher consumption.
Indonesia already successfully implemented monthly coal reference price for its coal. Coal producers were asked to comply with the government declared index prior to conclude any short term and long terms coal sales agreement with its buyers.
Indonesia’s Ministry of Energy and Mineral Resources has set the March 2011 Indonesian Coal Reference Price for thermal coal at US$ 122.43 per ton, which is 3.63 percent lesser than February 2011 price of US$ 127.05.
Instead of dropped in HBA, Indonesian coal prices were still stand at steady to firm position. small scale mines from Kalimantan were offering 6300 GAD coal between US$ 82 - 87 per MT and premium coal supplier's prices were already in three digits, an international trader said.
According to market stakeholders, the prices may stand stable due to Japan's earth quake, tsunami and nuclear power plants blast, but the prices and demand will move more stronger in coming months.
However, there is sort of confusion prevailing over the price movements as Japanese industries might declare FORCE Majure. The ongoing disturbance in major oil producing countries like Egypt, Libya and Bahrain needs to be taken into account before arriving at the conclusion.
Any time the industry may be attacked by wide fluctuations both sides.
The Indonesian coal exports to the largest importers viz., India and China have shrunk to the extent of 9.27% and 11.71% respectively in the month of Feb'2011. India has imported a total tonnage of around 4.631 MMts (5.105MMts in Jan) as against Chinese imports of 4.234 MMts (4.796 MMts in Jan).
India remained the largest importer of Indonesian coal in February 2011.
The combined affect of slow down in the imports of Indonesian coal had a combined affect of 4.19% of total Indonesian coal exports in February. However, India pushed China to second place in this year.
Last two years Chinese's utilities have imported more Indonesian coal than Indian Utilities. However, in 2011 India has inched above the Chinese utilities usage of Indonesian coal. In to 40.24 percent of total Indonesian coal exports in February goes to India and China.
Top five Indonesian coal importers in February were India, China, Japan South Korea and Taiwan.
According to market players, since 2009 Indonesian coal witnessed higher exports due to the increased demand from India and China. Chinese and Indian end-user are always keep an eye on Indonesia for their coal needs, due to the fact that Indonesia is closer to their ports. this results in lesser voyage time resulting in lesser sea freights.
Increase in Indonesian exports of Low rank coal picked up in recent months. This is one of the main reason for India emerging as the topper for Indonesian exports. due to domestic coal shortage Indian consumers have devised a primitive method of blending of Low rank high moisture coal with the available linkage domestic coal. Indian domestic coal characterized by high ash (30% to 40%) and low moisture (9%) which can advantageously blend with Indonesian Low rank coal of high Moisture (<50%) and low ash (<8%).
Also the increase of Bio Mass and Co-generation capacities Low rank coals have become the order of the day. Also the higher discount prevailing for Low rank coals have encouraged their usage.
Due to the spate of demand for Low ranking coal (<3200 GAR coals with Moisture of up to 50%) Sumatra based LRC suppliers were also targeting Indian market for their exports. In view of this encouraging business Industry is worried and closely watching the proposed Indonesian Govt. policy of banning exports of Low ranking coals.
One of the Indian traders commented that due to good rain resulting in continuous Hydro power, drop in cement and steel demand in India resulted in accumulation of stocks in Indian ports and with the plants. This is the main reason for lower imports in Indonesian coal. However, he also added that, the next 4 months being summer months in India the demand for power, steel and cement increases thereby the movement in coal may be witnessed resulting in higher consumption.
Indonesia already successfully implemented monthly coal reference price for its coal. Coal producers were asked to comply with the government declared index prior to conclude any short term and long terms coal sales agreement with its buyers.
Indonesia’s Ministry of Energy and Mineral Resources has set the March 2011 Indonesian Coal Reference Price for thermal coal at US$ 122.43 per ton, which is 3.63 percent lesser than February 2011 price of US$ 127.05.
Instead of dropped in HBA, Indonesian coal prices were still stand at steady to firm position. small scale mines from Kalimantan were offering 6300 GAD coal between US$ 82 - 87 per MT and premium coal supplier's prices were already in three digits, an international trader said.
According to market stakeholders, the prices may stand stable due to Japan's earth quake, tsunami and nuclear power plants blast, but the prices and demand will move more stronger in coming months.
However, there is sort of confusion prevailing over the price movements as Japanese industries might declare FORCE Majure. The ongoing disturbance in major oil producing countries like Egypt, Libya and Bahrain needs to be taken into account before arriving at the conclusion.
Any time the industry may be attacked by wide fluctuations both sides.
(sourced:coalspot)
Above exportt information within this article is provided by coalspot on an "as is" and "as available” basis. All details about, given in good faith and has been collected from various press reports, organization and individuals considered reliable but without guarantee. While every care has been taken to ensure the accuracy of information furnished in this article. COALspot shall be obliged if errors / omissions are brought to its notice for carrying out corrections in this article.(cs)
If you believe an article violates your rights or the rights of others, please contact us.
Wednesday, March 16, 2011
Coal production forecast to surge on rising prices- The Jakarta globe
Tuesday, 15 March 11
The Jakarta Globe reported that, Indonesia’s coal production is forecast to increase by 20 percent this year as coal prices continue to rise, according to the Indonesian Coal Mining Association.
Supriatna Suhala, executive director of the association, also known as the APBI, said the country’s coal production may reach 360 million tons this year, 6 percent more than the association’s original target of 340 million tons.
The country’s coal miners produced 300 million tons of coal last year, less than their original target of 320 million tons.
Unseasonably heavy rains generated by the La Nina climate phenomeon were widely blamed for disrupting all areas of mining, including coal and tin, two of Indonesia’s top exports.
“Coal prices keep increasing. This triggers coal miners to boost their production,” Suhala said on Monday. The association’s coal production target differs from that of the government, which set projected coal production at 275 million tons.
As of Friday, coal prices stood at $129.6 per ton, up slightly from the previous week’s price of $129.48 per ton, according to the Australian Newcastle Thermal Coal Index, which serves as a benchmark for Asia.
Suhala said coal prices would remain steady above $120 per ton this year. “As long as the economic condition keeps getting better, coal prices will keep steady at those levels,” he said.
He also said he expected demand for exports to grow, with demand from India and China projected to increase 15 percent as their economies grow at an 8 percent clip.
In light of Japan’s devastating earthquake and tsunami on Friday and the subsequent power shortages, Suhala said coal exports to Japan would increase as five nuclear power plants have been shut down following the disaster. Indonesia exports 45 million tons of coal to Japan annually, making it the top destination for Indonesian coal.
As of the first quarter this year, Suhala said, Indonesian coal miners produced an anticipated 80 million tons of coal, or around 22 percent of the total target of 360 million tons this year.
La Nina is not expected to affect coal production targets this year, he continued. “Weather is no longer a problem this year,” Suhala said.
Berau Coal, one of the country’s biggest coal miners, said coal production in the first quarter should remain on target for 5 million tons, according to Singgih Widagdo, a spokesman for Berau Coal.
“We are expecting to produce 20 million tons for the whole year,” Singgih told reporters on Monday. The company’s production so far is 12.5 percent of last year’s 17.5 million tons, he said.
Indonesia is home to several coal miners, including Bumi Resources, the world leader in thermal coal exports. (source The Jakarta Globe )
Tags:Newcastle coal, power plant, Indonesian Coal Mining Association
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Supriatna Suhala, executive director of the association, also known as the APBI, said the country’s coal production may reach 360 million tons this year, 6 percent more than the association’s original target of 340 million tons.
The country’s coal miners produced 300 million tons of coal last year, less than their original target of 320 million tons.
Unseasonably heavy rains generated by the La Nina climate phenomeon were widely blamed for disrupting all areas of mining, including coal and tin, two of Indonesia’s top exports.
“Coal prices keep increasing. This triggers coal miners to boost their production,” Suhala said on Monday. The association’s coal production target differs from that of the government, which set projected coal production at 275 million tons.
As of Friday, coal prices stood at $129.6 per ton, up slightly from the previous week’s price of $129.48 per ton, according to the Australian Newcastle Thermal Coal Index, which serves as a benchmark for Asia.
Suhala said coal prices would remain steady above $120 per ton this year. “As long as the economic condition keeps getting better, coal prices will keep steady at those levels,” he said.
He also said he expected demand for exports to grow, with demand from India and China projected to increase 15 percent as their economies grow at an 8 percent clip.
In light of Japan’s devastating earthquake and tsunami on Friday and the subsequent power shortages, Suhala said coal exports to Japan would increase as five nuclear power plants have been shut down following the disaster. Indonesia exports 45 million tons of coal to Japan annually, making it the top destination for Indonesian coal.
As of the first quarter this year, Suhala said, Indonesian coal miners produced an anticipated 80 million tons of coal, or around 22 percent of the total target of 360 million tons this year.
La Nina is not expected to affect coal production targets this year, he continued. “Weather is no longer a problem this year,” Suhala said.
Berau Coal, one of the country’s biggest coal miners, said coal production in the first quarter should remain on target for 5 million tons, according to Singgih Widagdo, a spokesman for Berau Coal.
“We are expecting to produce 20 million tons for the whole year,” Singgih told reporters on Monday. The company’s production so far is 12.5 percent of last year’s 17.5 million tons, he said.
Indonesia is home to several coal miners, including Bumi Resources, the world leader in thermal coal exports. (source The Jakarta Globe )
Tags:Newcastle coal, power plant, Indonesian Coal Mining Association
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Saturday, February 12, 2011
Indonesian Coal Price Reference(HBA), Benchmark Price-Monthly Coal Price for May' 2012, US$ 102.12 per ton
7 May, 2012
Indonesian HBA fall again in May'2012
Indonesian HBA fall again to lowest level since January 2011 in May 2012. The monthly coal reference price for coal sales in May fell 3.30%, the lowest dropped in last 17 Months.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for May 2012 at US$ 102.12 per ton, US$ 3.49 lower than April 2012 Price.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the April 2012 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-1 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25%.
Assessment basis of coal price reference 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 applicable for spot contract, delivery between 1 - 31 May 2012.
The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since January 2009 to be used by coal producers for all spot and term contracts. However the full implementation of HBA has started only since September 2011.
The May 2012 HBA was 13.17% or $15.49 lower on Y-o-Y basis.
The price was only valid for the spot price (loading before 31 May 2012), while as for term price (up to 12 months supplies), the average reference price (HPB) of the previous 3 months will be used to determine the selling price. (50% of latest available month HPB, 30% of one month prior HPB and 20% of two months prior HPB).
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are acted as the benchmark and used to calculate other 61 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers. According to industry, all existing coal supply agreements with Indonesian coal mining companies have revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
The Indonesian government is also expecting to introduce a coal export duty for coal in near future. According to officials, the proposal is in discussion among the high level officers to determine the percentage of duty. There will be two different types of duty could be introduced such as lower duty for higher calorific value coal and higher duty for unprocessed lower calorific value.
The government also has recently introduced export duty for unprocessed minerals but coal was missing in the recent regulation. Indonesian coal producers were asked to add value for their product such as washing, crashing, blending and upgrading to have a higher-value product prior to eye on the export market and avoid proposed export ban.
In coming months Indonesian coal industry can see number of new regulations.
Courtsey sourced www.coalspot.com
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6 April, 2012
INDONESIAN HBA FALL TO LOWEST LEVEL SINCE JANUARY 2011
Indonesian HBA fall to lowest level since January 2011 this month. The monthly coal reference price for coal sales in April fall by 6.43 percent, the lowest dropped in last 16 Months.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for April 2012 at US$ 105.61 per ton, US$ 7.26 lower than March 2012 Price.
This coal benchmark price was calculated coal with calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the March 2012 index average of ICI-1 (Indonesia Coal Index), Platts-1, NEX (Newcastle Export Index), and GC (globalCoal Index).
Assessment basis of coal price reference 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 applicable for spot contract, delivery between 1 - 30 April 2012.
The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since January 2009 to be used by coal producers for all future spot and term contracts. However the full implementation of HBA has started only since September last year.
The price was only valid for the spot price, while as for term price, the average reference price (HPB) of the previous 3 months. (50% of latest available month HPB, 30% of one month prior HPB and 20% of two months prior HPB).
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are acted as the benchmark and used to calculate other 62 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers. According to industry, all existing coal supply agreements with Indonesian coal mining companies have revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
Indonesian government also drafting a regulation to ban coal with calorific value below 5700 kcal/kg on air basis for the export market by 12 January 2014 dried (according to the draft regulation posted on djmbp website). Indonesian coal producers were asked to add value for their product such as washing, crashing, blending and upgrading to have a higher-value product prior to eye on the export market.
Raw coal export will also be restricted once the regulation issued. The government has also issued a regulation (24/2012) which will limit foreign ownership in mines to 49 percent within 10 years of production.
Indonesia also planning to impose a 25 percent export tax on coal and base metals this year, and 50 percent in 2013.
However, we expect this export tax may not be introduced immediately due to the majority of coal production or exports (70 - 80 percent of Indonesian total coal production or export) are coming from CCoW holders. Under CCoW agreement which was signed between the coal mine contractors and government was not allowing any new duties or taxes on CCoW holders.
Hence government has to convert CCoW to IUP prior to introduce any new taxes or duties, if government want to enjoy benefits from all the coal exports from Indonesia. However, IUP holders are subject to any new taxes or duties. Hence we expect government will focus first to convert the CCoW to IUP rather than introducing any new taxes or duties.
The basis for renegotiation is Law No. 4 /2009 on mining, which has changed the mining-concession regime by introducing a new licensing system (IUP). The law replaces mining authorizations (Kuasa Pertambangan or KP) as well as contracts of work (CoWs) and contracts of coal mining work (CCoW or PKP2B).
According to government officials, number of or majority of CCoW holders are willing to convert CCoW to IUP but the discussions are still on the way. The Ministry of Energy & Mineral Resources of Indonesia wants to complete all the conversion by end of this year.
In coming months Indonesian coal industry can see a number of new regulations.
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Thu, 08 March, 2012
Indonesia Coal Benchmark Price gains for second month
Indonesia raised the monthly coal reference price for sales in March by 1.15 percent, the second increase since February.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for March 2012 at US$ 112.87 per ton, US$ 1.29 higher than February 2012 Price.
This coal benchmark price was calculated coal with calorific value of 6,322kcal/kg (GAR), stated to be using formula based on the February 2012 index average of ICI-1 (Indonesia Coal Index), Platts-1, NEX (Newcastle Export Index), and GC (globalCoal Index).
Assessment basis of coal price reference 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 applicable for spot contract, delivery between 1 - 31 March 2012.
The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since January 2009 to be used by coal producers for all future spot and term contracts.
The March HBA was 7.80 percent lower Y-o-Y.
The price was only valid for the spot price, while as for term price, the average reference price (HPB) of the previous 3 months. (50% of latest available month HPB, 30% of one month prior HPB and 20% of two months prior HPB)
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are acted as the benchmark and used to calculate other 62 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers. According to industry, all existing coal supply agreements with Indonesian coal mining companies have revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
Indonesian government also drafting a regulation to ban coal with calorific value below 5700 kcal/kg on air dried (according to the draft regulation posted on djmbp website) basis for the export market by 12 January 2014. Indonesian coal producers were asked to add value for their product such as washing, crashing, blending and upgrading to have a higher-value product prior to eye on the export market.
Raw coal export will also be restricted once the regulation issued. The government has also issued a regulation (24/2012) which will limit foreign ownership in mines to 49 percent within 10 years of production.
In coming months Indonesian coal industry will see a number of new regulations.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
(sourced Coalspot.com)
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Indonesian Coal Price Reference(HBA), Benchmark Price-Monthly Coal Price for Febuary' 2012, US$ 111.58 per ton
Indonesian Coal Price Reference ( HBA) :(US$/MT) : Feb'2011 US$ 111.58 M.T.Assessment
Basis : HBA, Quality, Delivery,
Last Update : Febuary,2012
Source:DJMBP - ESDM, Indonesia
Indonesia has raised the monthly benchmark price for sales in February by for the first time since October.
The Directorate General of Coal and Minerals at the ministry in Jakarta said today in a statement on its website announced that the cost of coal with a gross energy value of 6,322 kilo calories per kilogram was set at USD 111.58 a tonne on FOB basis, up by 2% from USD 109.29 a ton in January,
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Wed, 04 January, 2012
Indonesian Coal Price Reference ( HBA) :(US$/MT) : Jan'2011 US$ 109.29 M.T.Assessment Basis : HBA, Quality, Delivery,
Last Update : Wed, 04 January,2012
Source:DJMBP - ESDM, Indonesia
Ministry of Energy and Mineral Resources of Indonesia has sets the January 2012 coal reference price at US$ 109.29 per ton or US$ 3.38 lower than December 2011 price. The December HBA was sets at US$ 112.67 per mt.
January's HBA is the lowest since January 2011 and 2.99% percent lower than December HBA. January HBA has fallen for the third consecutive month to US$109.29/t, from US$119.24/t in October 2011.
The HBA is the minimum price used for the calculation of taxes for producers pay for all future exports and domestic coal sales. It is calculated using a basket of indices, including the price is a monthly average of the Indonesia Coal price Index (ICI-1), Platts-1, Newcastle Export Index and the globalCOAL Index from the previous month.
Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur (arb) 0.80%, Ash Content (arb) 15.00% and delivery free on Board (FOB) Vessel supply between 1 – 31 January 2012.
Eight brands of Indonesian coal which are most commonly traded in the market. The price marker is used to calculate other coal types with a quality similar to the coal price markers. For spot sales of 11-month or below 11-month supplies, will use coal price reference from the month of loading or B/L date.
For term contracts, the average of coal price reference for the last three months (from the month of price conclusion) is used to set coal prices for a one-year contract. Supplies are limited to a maximum of 12 months.
For sales in the barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
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Indonesian Coal Price Reference ( HBA) :(US$/MT) : Dec'2011 US$ 112.67 M.T.Assessment Basis : HBA, Quality, Delivery,
Last Update : Mon, 05 December,2011
Source:DJMBP - ESDM, Indonesia
Indonesian Coal Reference Price (HBA) for December 2011 benchmark dropped 3.4% to US$112.67 per ton FOB Vessel, the second lowest price in recent 12-months period.
The number dropped 3.4% from November 2011 price, and fell 11% from its peak at US$127.05 per ton in February 2011.
The latest price resulted in Indonesian averaged coal price for 2011 at US$118.40 per ton.
Coal reference is based on coal with GCV (GAR) 6,322 kcal/kg, total moisture (arb) 8%, total sulphur 0.8%, ash content 15%, and delivery FOB Vessel.
Thermal coal spot prices in Newcastle Port, Australia---benchmark for Asian market, dropped for the eighth consecutive week to US$111.29 per ton on December 2nd. According to NEWCIndex of globalCOAL, thermal coal slipped from US$111.98 to US$111.29 per ton (calorific value of 6,400 Kcal/Kg) for the week ended December 2nd.
DES ARA Index, benchmark for West Europe, also slipped to US$111.6 per ton from US$112.18 in the previous week, while RB Index---which tracks coal prices in Richard Bay Port, South Africa, a benchmark for South Asian and European market, gained slightly to US$102.81 per ton (from US$101.72 per ton).
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Indonesian Coal Price Reference fell again
Friday, 11 November, 2011
Ministry of Energy and Mineral Resources of Indonesia has set the November 2011 Indonesian Coal Reference Price for thermal coal at US$ 116.65 per ton, which is 2.17percent lesser than October 2011 price.
The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term contracts.
The November HBA is 22.13 percent higher compared to the same month in 2010.
Coal reference price (HBA), the price has calculated based on a monthly average (previous month) of the Indonesia Coal price Index (ICI-1), Platts-1, Newcastle Export Index (NEX) and the New Castle Global Coal Index (GC) from the previous month.
Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 30 November 2011.
Any deliver of cargo after 30 November, must be used the particular month's HPB unless the deliveries fall under term contract.
The November HBA is a marginal drop of US$ 2.59 per ton or down 2.17 percent compared with October 2011 Coal reference price. Government has taken around 10 days to release this month HBA.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are act as benchmark and used to calculate other 53coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price has been established to fulfill the requirement of mining law 04/2009 and the ministerial decree no.17/2010 and also aims to increase government revenue from royalties from coal producers.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Tuesday, 04 October, 2011
Indonesian Coal Price Reference ( HBA) :(US$/MT): Oct'2011 US$ 119.24 M.T.Assessment Basis : HBA, Quality, Delivery,
Last Update : Tue, 04 October,2011
Source:DJMBP - ESDM, Indonesia
Indonesia raised the monthly reference price for sales in October by 2.56 percent, the first increase since June.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal spot price benchmark for October 2011 at US$ 119.24 per ton, US$ 2.56 higher than September 2011 Price.
This coal benchmark price was calculated coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the June 2011 index average of ICI-1 (Indonesia Coal Index), Platts-1, NEX (Newcastle Export Index), and GC (globalCoal Index).
Assessment basis of coal price reference 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 applicable for spot contract, delivery between 1 - 31 October 2011.
The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since January 2009 to be used by coal producers for all future spot and term contracts. The June HBA was 28.65 percent higher Y-o-Y.
The price was only valid for the spot price, while as for term price, the average reference price (HPB) of the previous 3 months. (50% of last month HPB, 30% of a month earlier HPB and 20% of two-month earlier HPB) for coal contract at least 12 months.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are acted as the benchmark and used to calculate other 54 coal types with a quality similar to the coal price markers.
For sales in the barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers. According to industry, all existing coal supply agreements with Indonesian coal mining companies have revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
As a result of the Indonesian new pricing formula, price of Indonesian coal will go up by $30 a tone and lead to a INR 0.70 (Approx. US$ 0.015) per unit increase in cost of electricity generation, as quoted by an Indian paper.
Indonesian government also drafting a regulation to ban coal with calorific value below 5700 kcal/kg on air dried basis for the export market by 12 January 2014. Indonesian coal producers were asked to add value for their product such as washing, crashing, blending and upgrading to have a higher-value product prior to eye on the export market.
Raw coal export will also be restricted.
On Thursday, finance minister of Indonesia sets coal as one of 15 products – along with carbonated soft drinks; electric cigarettes; dyes, monosodium glutamate; and diamonds – that should be levied. Indonesia’s excise law says the government can impose excise, or a specific tax, on goods that have negative impact to humans or the environment, as reported by Jakarta Globe on 2 October 2011.
In coming years Indonesian coal industry will see a number of new regulations and restriction related to coal price and export.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
---------------------------------------------------------------------------------------Last Update : Tue, 04 October,2011
Source:DJMBP - ESDM, Indonesia
Indonesia raised the monthly reference price for sales in October by 2.56 percent, the first increase since June.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal spot price benchmark for October 2011 at US$ 119.24 per ton, US$ 2.56 higher than September 2011 Price.
This coal benchmark price was calculated coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the June 2011 index average of ICI-1 (Indonesia Coal Index), Platts-1, NEX (Newcastle Export Index), and GC (globalCoal Index).
Assessment basis of coal price reference 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 applicable for spot contract, delivery between 1 - 31 October 2011.
The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since January 2009 to be used by coal producers for all future spot and term contracts. The June HBA was 28.65 percent higher Y-o-Y.
The price was only valid for the spot price, while as for term price, the average reference price (HPB) of the previous 3 months. (50% of last month HPB, 30% of a month earlier HPB and 20% of two-month earlier HPB) for coal contract at least 12 months.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are acted as the benchmark and used to calculate other 54 coal types with a quality similar to the coal price markers.
For sales in the barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers. According to industry, all existing coal supply agreements with Indonesian coal mining companies have revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
As a result of the Indonesian new pricing formula, price of Indonesian coal will go up by $30 a tone and lead to a INR 0.70 (Approx. US$ 0.015) per unit increase in cost of electricity generation, as quoted by an Indian paper.
Indonesian government also drafting a regulation to ban coal with calorific value below 5700 kcal/kg on air dried basis for the export market by 12 January 2014. Indonesian coal producers were asked to add value for their product such as washing, crashing, blending and upgrading to have a higher-value product prior to eye on the export market.
Raw coal export will also be restricted.
On Thursday, finance minister of Indonesia sets coal as one of 15 products – along with carbonated soft drinks; electric cigarettes; dyes, monosodium glutamate; and diamonds – that should be levied. Indonesia’s excise law says the government can impose excise, or a specific tax, on goods that have negative impact to humans or the environment, as reported by Jakarta Globe on 2 October 2011.
In coming years Indonesian coal industry will see a number of new regulations and restriction related to coal price and export.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
Indonesian Coal Price Reference(HBA), Benchmark Price-Monthly Coal Price for August'2011, US$ 117.21 per ton, which is 0.87 percent less than July'2011 price.
Thu,August4, 2011
Ministry of Energy and Mineral Resources of Indonesia has set the August 2011 coal reference price at US$ 117.21 per ton slightly lower than July or 0.87 percent lesser than July 2011 price.
The Indonesian coal reference price, also known as the HBA, for August has fallen for the third consecutive month to US$117.21/t, from US$118.24/t in July.
The HBA has continued to fall since June. The HBA is the minimum price used for the calculation of taxes for producers pay for all future exports and domestic coal sales. It is calculated using a basket of indices, including the price is a monthly average of the Indonesia Coal price Index (ICI-1), Platts-1, Newcastle Export Index and the globalCOAL Index from the previous month.
Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.80%, Ash Content 15.00% and delivery free on Board (FOB) Vessel supply between 1 – 31 August 2011.
Eight brands of Indonesian coal which are most commonly traded in the market. The price marker is used to calculate other coal types with a quality similar to the coal price markers. For spot sales of 11-month or below 11-month supplies, will use coal price reference from the month of loading or B/L date.
For term contracts, the average of coal price reference for the last three months (from the month of price conclusion) is used to set coal prices for a one-year contract. Supplies are limited to a maxium of 12 months.
For sales in the barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Monday,04 July2011
Indonesian Coal Price Reference ( HBA) :(US$/MT):July'2011 US$ 118.24 M.T.Assessment Basis : HBA, Quality, Delivery,
Last Update :Mon,04 July,2011
Source:DJMBP - ESDM, Indonesia
The Ministry of Energy & Mineral Resources sets coal spot price benchmark for July 2011 at US$ 118.24 per ton, less than US$ 0.79 per ton in June 2011.
This coal benchmark was calculated coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the May 2011 index average of ICI-1 (Indonesia Coal Index), Platts-1, NEX (Newcastle Export Index), and GC (globalCoal Index).
Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 31 July 2011.
The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term contracts. The June HBA was 22.43 percent higher Y-o-Y.
The price is only valid for spot price, while as for term price, the benchmark is using the average of recent 3 months benchmark prices and valid for coal contract at least 12 months.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are act as benchmark and used to calculate other 54 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Monday,13 June2011
Indonesian Coal Price Reference(HBA), Benchmark Price-Monthly Coal Price for June'2011, US$ 119.03 per ton, which is 1.2 percent higher than May'2011
Indonesian Coal Price Reference ( HBA) :(US$/MT) : June 2011 US$ 119.03 M.T.Assessment Basis : HBA, Quality, Delivery,
Last Update :Mon, June13, 2011
Source:DJMBP - ESDM, Indonesia
The Ministry of Energy & Mineral Resources sets coal spot price benchmark for June 2011 at US$ 119.03 per ton, higher than US$ 1.42 per ton in May 2011.
This coal benchmark was calculated coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the May 2011 index average of ICI-1 (Indonesia Coal Index), Platts-1, NEX (Newcastle Export Index), and GC (globalCoal Index).
Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 30 June 2011.
The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term contracts. The June HBA was 22.43 percent higher Y-o-Y.
The price is only valid for spot price, while as for term price, the benchmark is using the average of recent 3 months benchmark prices and valid for coal contract at least 12 months.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are act as benchmark and used to calculate other 54 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers. According to industry, all existing coal supply agreements with Indonesian coal mining companies will have to be revised to comply with new coal pricing regulations before September 23, 2011.
As a result of the Indonesian new pricing formula, price of Indonesian coal will go up by $30 a tonne and lead to a INR 0.70 (Approx. US$ 0.015) per unit increase in cost of electricity generation, as quoted by an Indian paper.
Indonesian coal prices are also gaining on a shortage of coal in China to meet summer demand, said a coal trader from Kalimantan. Chinese local media reported that, Beijing may cut the 17 percent value-added tax and port charges on imported coal to encourage more overseas purchases. China is now facing its worst summer power shortage in seven years, as quoted by Chinese as well as International medias.
Indian high energy demand also has influenced the coal prices in recent weeks says another coal trader from Jakarta.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Monday, 09 May 2011
Indonesian Coal Price Reference(HBA), Benchmark Price-Monthly Coal Price for May2011, US$ 117.61 per ton, which is 3.61 percent lesser than April 2011
Indonesian Coal Price Reference ( HBA) :(US$/MT) : May 2011 US$ 117.61 M.T.Assessment Basis : HBA, Quality, Delivery,
Last Update :Mon, May09, 2011
Source : DJMBP - ESDM, Indonesia
Ministry of Energy and Mineral Resources of Indonesia has set the May 2011 Indonesian Coal Reference Price for thermal coal at US$ 117.61 per ton, which was 3.61 percent lesser than April 2011 price of US$ 122.02.
The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term contracts. The May HBA was 27.73 percent higher Y-o-Y.
Coal reference price (HBA), the price has calculated based on a monthly average (previous month) of the Indonesia Coal price Index (ICI-1), Platts-1, Newcastle Export Index (NEX) and the New Castle Global Coal Index (GC) from the previous month.
Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 31 May 2011.
Any deliver of cargo after 31 May, must be used June 2011 HPB unless the deliveries fall under term contract.
Director General Mineral and Coal have declared today coal reference price for May 2011. The declared HBA was at US$ 117.61 per ton FOB vessel a marginal drop of US$ 4.41 per ton or down 3.61 percent compared with April 2011 Coal reference price. Government has taken around nine days to release this month HBA.
The declared ICRP for this month was dropped by US$ 0.41 per mt and it was the third continues drop since March 2011.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are act as benchmark and used to calculate other 52 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transhipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers.
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Monday, 18 April 11
Indonesian Coal Price Reference(HBA), Benchmark Price-Monthly Coal Price for April 2011, US$ 122.02 per ton, which is 0.33 percent lesser than March2011
Indonesian Coal Price Reference ( HBA) :(US$/MT) : April 2011 US$ 122.43 M.T.Assessment Basis : HBA, Quality, Delivery,Last Update : Thu, Mar10, 2011
Source : DJMBP - ESDM, Indonesia
Ministry of Energy and Mineral Resources of Indonesia has set the April 2011 Indonesian Coal Reference Price for thermal coal at US$ 122.02 per ton, which was 0.33 percent lesser than March 2011 price of US$ 122.43.
The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term contracts. The April HBA was 41.06 percent higher Y-o-Y.
Coal reference price (HBA), the price has calculated based on a monthly average (previous month) of the Indonesia Coal price Index (ICI-1), Platts-1, Newcastle Export Index (NEX) and the New Castle Global Coal Index (GC) from the previous month.
Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery within 1 - 30 April 2011. Any deliver of cargo after 30 April, must be used May 2011 HPB unless the deliveries fall under term contract.
Director General Mineral and Coal have declared today coal reference price for April 2011. The declared HBA was at US$ 122.02 per ton FOB vessel a marginal drop of US$ 0.41 per ton or down 0.33 percent compared with March 2011 Coal reference price. Government has taken around eighteen days to release April HBA and also done some significant changes in formulas to determine coal prices for Indonesian coals.
March 2011 coal reference price was at US$ 122.43 per ton.
The declared ICRP for this month was dropped by US$ 0.41 per mt and it was the second continues drop since March 2011.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are act as benchmark and used to calculate other 53 coal types with a quality similar to the coal price markers.
For sales in the barge, the reference price is reduced by barging and transshipment costs from the barge to the vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers.
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Indonesian Coal Price Reference ( HBA) :(US$/MT) : March 2011 US$ 122.43 M.T.Assessment Basis : HBA, Quality, Delivery,Last Update : Thu, Mar10, 2011
Source : DJMBP - ESDM, Indonesia
Indonesia’s Ministry of Energy and Mineral Resources has set the March 2011 Indonesian Coal Reference Price for thermal coal at US$ 122.43 per ton, which is 3.63 percent lesser than February 2011 price of US$ 127.05.
The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term contracts. The March HBA was 41.30 percent higher Y-o-Y.
Coal reference price (HBA), the price has calculated based on a monthly average (previous month) of the Indonesia Coal price Index (ICI-1), Platts-1, Newcastle Export Index (NEX) and the New Castle Global Coal Index (GC) from the previous month. Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis spot contract. (supply within 12 months).
Director General Mineral and Coal have declared yesterday coal reference price for March 2011 and also Introduced two new coal brands. The declared HBA was at US$ 122.43 per ton FOB vessel drops by US$ 4.62 per ton or 3.63 percent compared with February 2011 Coal reference price.
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February 2011 coal reference price was at US$ 127.05 per ton.
The declared ICPR in this month is dropped by US$ 4.62 per mt and first dropped in last five months.
Government also declaring reference price for eight brands of Indonesia coal which are most commonly traded in the market. The price marker is used to calculate other 53 coal types with a quality similar to the coal price markers.
For term sales of above one year, the average of coal reference price for the last three months is used to set coal prices for a one-year contract.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers.
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Indonesian Coal Price Reference ( HBA) :(US$/MT) : February 2011 US$ 127.05 M.T.Assessment Basis : HBA, Quality, Delivery,Last Update : 07/02/2011 Source : DJMBP - ESDM, Indonesia
Indonesia’s Ministry of Energy and Mineral Resources has set the February 2011 Indonesian Coal Reference Price for thermal coal at US$ 127.05 per ton, which is 13.03 percent higher than January 2011 price of US$ 112.40. The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term contracts. The February HBA was 44.68 percent higher compared with a year earlier.
Coal reference price (HBA), the price has calculated based on a monthly average (previous month) of the Indonesia Coal price Index (ICI-1), Platts-1, Newcastle Export Index (NEX) and the New Castle Global Coal Index (GC) from the previous month. Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis spot contract. (supply within 12 months).
Director General Mineral and Coal have declared today coal reference price for February 2011. The declared HBA was at US$ 127.05 per ton FOB vessel up by US$ 14.65 per ton or 13.03 percent compared with January 2011 Coal reference price.
January 2011 coal reference price was at US$ 112.40 per ton.
The declared ICPR in this month was the highest since the government starts to declare ICPR ( HBA) since February 2010. The lowest HBA was declared in April last year at US$ 86.50.
Government also declaring reference price for eight brands of Indonesia coal which are most commonly traded in the market. The price marker is used to calculate other 52 coal types with a quality similar to the coal price markers.
For term sales of above one year, the average of coal reference price for the last three months is used to set coal prices for a one-year contract.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers.
Declared by : The Directorate General of Mineral, Coal and Geothermal, Ministry of Enegy and Mineral Resources, Republic of IndonesiaAssessment Basis ( Coal Marker & Other Coal Brand) HBA : Monthly average of four international coal indices (ICI 1 - 25%, Platts 1 - 25%, New Castle Export Index - 25% and Newcastle globalCoal Index - 25%) Quality : GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Sulphur 0.80%, Ash Content 15.00% Delivery : Free on Board (FOB) Mother Vessel.For the spot price (coal contract or delivery below 1 year) the average index is 1 month earlier in which the coal selling price prevailing in one month is based on a monthly index price/coal price reference. For term price (definite term), reference price uses the average coal price reference in the past 3 months in order to determine the contract price 1 year ahead. The interval between the sale and purchase contract and delivery does not exceed 3 months.For FOB Barge, adjustment should be made (deduction of barging and transshipment costs from FOB Vessel to FOB Barge). Remark : Leeuniversal.blogspot.com makes no warranties, express or implied, as to the accuracy adequacy or completeness of the information and assumes no liability in connection with any party use of it. Information contained within the blog is intended for informational purposes only and is not intended as professional counsel and should not be used as such. Blog will endeavor to update information where appropriate, but is under no obligation to do so. All third party users of this website and or data produced or published by the blog do so at their own risk. Read our Terms of Use Privacy Policy Disclaimer before use of this site. Source : DJMBP - ESDM, Indonesia Last Update : 07/02/2011
Saturday, January 8, 2011
Indonesian Coal Price Reference ( HBA), Benchmark Price - Monthly Coal Price
Indonesian Coal Price Reference ( HBA) :(US$/MT) : January 2011 US$ 112.40 M.T.
Assessment Basis : HBA, Quality, Delivery
Last Update : 07/01/2011 15:02:00 Source : DJMBP - ESDM, Indonesia
Gunung Bayan I---- 7,000----10-----1---- 15------ 111.41-----121.15---- 9.74----8.74
Prima Coal ---------6,700---- 12---- 0.6--- 5----- 108.43-----117.54---- 9.11----8.4
Pinang 6150--------6,200---- 14.5--- 0.6---5.5----- 97.7----- -105.89---- 8.19----8.38
Indominco IM East-5,700---- 17.5----1.6--- 4.8----- 84.18----- 91.45----- 7.27 ---8.64
Melawan Coal------ 5,400--- 22.5---- 0.4---- 5----- 78.61----- 85.08----- 6.47----8.23
EnviroCoal--------- 5,000----- 26---- 0.1----1.2---- 72.02-----77.74----- 5.72----7.94
Jorong J-1 ---------4,400---- 32----- 0.3--- 4.2----- 58.1----- 62.73-----4.63----7.97
Eco Coal ----------4,200---- 35----- 0.2----- 3.9--- 52.52----56.64---- 4.12---- 7.84
Declared by : The Directorate General of Mineral, Coal and Geothermal, Ministry of Enegy and Mineral Resources, Republic of Indonesia
Assessment Basis ( Coal Marker & Other Coal Brand)
HBA : Monthly average of four international coal indices (ICI 1 - 25%, Platts 1 - 25%, New Castle Export Index - 25% and Newcastle globalCoal Index - 25%)
Quality : GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Sulphur 0.80%, Ash Content 15.00%
Delivery : Free on Board (FOB) Mother Vessel.For the spot price (coal contract or delivery below 1 year) the average index is 1 month earlier in which the coal selling price prevailing in one month is based on a monthly index price/coal price reference. For term price (definite term), reference price uses the average coal price reference in the past 3 months in order to determine the contract price 1 year ahead. The interval between the sale and purchase contract and delivery does not exceed 3 months.For FOB Barge, adjustment should be made (deduction of barging and transshipment costs from FOB Vessel to FOB Barge).
Remark : Leeuniversal.blogspot.com makes no warranties, express or implied, as to the accuracy adequacy or completeness of the information and assumes no liability in connection with any party use of it. Information contained within the blog is intended for informational purposes only and is not intended as professional counsel and should not be used as such. Blog will endeavor to update information where appropriate, but is under no obligation to do so. All third party users of this website and or data produced or published by the blog do so at their own risk. Read our Terms of Use Privacy Policy Disclaimer before use of this site. Source : DJMBP - ESDM, Indonesia Last Update : 07/01/2011 15:33:00
Assessment Basis : HBA, Quality, Delivery
Last Update : 07/01/2011 15:02:00 Source : DJMBP - ESDM, Indonesia
Benchmark Price - Monthly Coal Price
(US$/MT)
Coal Brand------GCV---TM-----Total---Ash---Decem'10---Jan 11--Change Price-Change (Basic Coal Brand)--(GAR)--(GAR)-Sulphur--------2010--------2011----(US$/MT)------ %Gunung Bayan I---- 7,000----10-----1---- 15------ 111.41-----121.15---- 9.74----8.74
Prima Coal ---------6,700---- 12---- 0.6--- 5----- 108.43-----117.54---- 9.11----8.4
Pinang 6150--------6,200---- 14.5--- 0.6---5.5----- 97.7----- -105.89---- 8.19----8.38
Indominco IM East-5,700---- 17.5----1.6--- 4.8----- 84.18----- 91.45----- 7.27 ---8.64
Melawan Coal------ 5,400--- 22.5---- 0.4---- 5----- 78.61----- 85.08----- 6.47----8.23
EnviroCoal--------- 5,000----- 26---- 0.1----1.2---- 72.02-----77.74----- 5.72----7.94
Jorong J-1 ---------4,400---- 32----- 0.3--- 4.2----- 58.1----- 62.73-----4.63----7.97
Eco Coal ----------4,200---- 35----- 0.2----- 3.9--- 52.52----56.64---- 4.12---- 7.84
Declared by : The Directorate General of Mineral, Coal and Geothermal, Ministry of Enegy and Mineral Resources, Republic of Indonesia
Assessment Basis ( Coal Marker & Other Coal Brand)
HBA : Monthly average of four international coal indices (ICI 1 - 25%, Platts 1 - 25%, New Castle Export Index - 25% and Newcastle globalCoal Index - 25%)
Quality : GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Sulphur 0.80%, Ash Content 15.00%
Delivery : Free on Board (FOB) Mother Vessel.For the spot price (coal contract or delivery below 1 year) the average index is 1 month earlier in which the coal selling price prevailing in one month is based on a monthly index price/coal price reference. For term price (definite term), reference price uses the average coal price reference in the past 3 months in order to determine the contract price 1 year ahead. The interval between the sale and purchase contract and delivery does not exceed 3 months.For FOB Barge, adjustment should be made (deduction of barging and transshipment costs from FOB Vessel to FOB Barge).
Remark : Leeuniversal.blogspot.com makes no warranties, express or implied, as to the accuracy adequacy or completeness of the information and assumes no liability in connection with any party use of it. Information contained within the blog is intended for informational purposes only and is not intended as professional counsel and should not be used as such. Blog will endeavor to update information where appropriate, but is under no obligation to do so. All third party users of this website and or data produced or published by the blog do so at their own risk. Read our Terms of Use Privacy Policy Disclaimer before use of this site. Source : DJMBP - ESDM, Indonesia Last Update : 07/01/2011 15:33:00
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