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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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Saturday, 03 September 11
FEW SHIPS REPORTED FIXED FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued the upward trend during last week with BDI up by about 13 pct closing at 1,740 points and cape index up ...
Saturday, 03 September 11
TNPL TO BUY 240K MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure 240,000 MT +/- 5 percent of non-coking imported coal with ...
Friday, 02 September 11
CAPESIZE DEMAND LIFTS DRY BULK MARKET ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what proves to be the best week of the year for Capesize owners, strong demand has helped propel the dry bulk market to new highs yesterday. The ...
Thursday, 01 September 11
EWP TO BUY 195KT OF VIETNAM COAL
COALspot.com - Korea Midland Power (KOMIPO) has issued an International open bidding for 490kt of sub bituminous coal, according to a bid invitation ...
Thursday, 01 September 11
DRY BULK MARKET TAKES GREAT LEAP FORWARD - NIKOS ROUSSANOGLOU
In what turned out to be a rather hopeful ending of the month, the last day of August saw the dry bulk market’s benchmark, the BDI (Baltic Dry ...
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- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- The University of Queensland
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- MS Steel International - UAE
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Planning Commission, India
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Australian Coal Association
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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