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Monday, 13 June 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 1.2 PERCENT IN JUNE
 COALspot.com - 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 calcualted 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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Wednesday, 05 October 11
WITH CHINA ON HOLIDAY, DRY BULK MARKET REMAINS STAGNANT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has remained to healthy levels after last month’s rally, but with China going on holiday this week, things are looking sta ...
Tuesday, 04 October 11
INDONESIA RAISES COAL BENCHMARK (HBA) FOR FIRST TIME IN 4 MONTHS
COALspot.com - Indonesia raised the monthly reference price for sales in October by 2.56 percent, the first increase since June.
The Ministry of ...
Tuesday, 04 October 11
COAL MINING GROUP WANTS EXPORT TAX, NOT EXCISE - JG
One of the leading English news paper in Indonesia, The Jakarta Globe reported that, the government shall reimpose a duty on coal exports, classifyi ...
Sunday, 02 October 11
INDIAN COAL IMPORTS PICKED UP - CAPT. REDDY
COALspot.com - The BDI dropped by 1 pct and Cape index dropped by 6 pct closing at 1,899 points and 3,136 points respectively. However all other seg ...
Saturday, 01 October 11
2012 TO BE ANOTHER CHALLENGING YEAR - CEO, REMI MARITIME
Shipowners are facing another challenging year in 2012 said Mr. Leonidas Polemis CEO of Remi Maritime Corporation, urging caution towards operating ...
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- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Parliament of New Zealand
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- White Energy Company Limited
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
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