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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, 20 July 11
DRY BULK MARKET KEEPS ON FALLING ON SOFTENING CONDITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market retreated to lower ground on Tuesday, as the industry’s benchmark, the BDI (Baltic Dry Index) fell to 1,330 points, down b ...
Tuesday, 19 July 11
82 MIO TONS OF COAL TO BE SUPPLIED FOR DOMESTIC MARKET
Indonesian Coal miners were required to supply 82 million tons of coal to Domestic market in this year. This is a 2.53 percent higher than last year ...
Monday, 18 July 11
IMFA BUYS A INDONESIAN COAL MINE FOR USD 8.7 M
Indian Metals and Ferro Alloys (IMFA), the largest producer of ferro chrome in the country, today said it has acquired 70 per cent stake in an Indones ...
Sunday, 17 July 11
THE COAL PRICES ARE SOFTENING DUE TO LESS DEMAND - VISTAAR
COALspot.com: The markets were down last week with BDI down by 6.63 points and closing at 1,353 points. The most affected was Cape index which was d ...
Friday, 15 July 11
DRY BULK MARKET SUFFERS NEW BLOW, RETREATS EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell even lower yesterday on the back of lower demand for larger vessels, like Capesizes and Panamaxes. The industry’s ben ...
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- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Australian Coal Association
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- The University of Queensland
- Bhatia International Limited - India
- GMR Energy Limited - India
- Parliament of New Zealand
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
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