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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, 15 June 11
DRY BULK MARKET WEAKENS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite this time of year traditionally being one of the busiest for the dry bulk market, it seems that in the post-crisis era trade patterns are co ...
Sunday, 12 June 11
THE FREIGHT MARKET IS LIKELY TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - The freight market continued to soften this week except for Panamax index. The BDI was down by about 4.77 pct and closed at 1,418 poi ...
Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
Friday, 10 June 11
BUKIT ASAM RECORDED RP1.3 TRILLION PROFIT IN MAY - TEMPO INTERACTIVE
Tempo Interactive reported that, PT PT Tambang Batubara Bukit Asam Tbk (PTBA) made a net profit of Rp 1.3 trillion (approx. US$ 152,779,410) at the ...
Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
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- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
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