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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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Thursday, 19 May 11
OVERSUPPLY, VERY LARGE ORE CARRIERS EAT UP ON DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a brief upward momentum which ended early last week, the Baltic Dry Index, the dry bulk market’s benchmark has returned to its usual pat ...
Wednesday, 18 May 11
THE US COAL INDUSTRY LOGGED EXPORTS OF AROUND 25M TONNES IN 1Q OF 2011 - BRS
Another slow decline in the bulk markets this week, with the BCI losing the most at nearly 5%, the BPI 2.8% and the smaller sizes sub-1% amounts. Th ...
Wednesday, 18 May 11
AKR AIMS TO SELL COAL WORTH RP216 BILLION - PAPER
Bisnis Indonesia, an Indonesia's one of the leading business paper reported that, PT AKR Corporindo Tbk has targeted coal sales valued at Rp216 bil ...
Wednesday, 18 May 11
OVERHAUL OF MINING LAW MAY DETER INVESTMENT, S&P SAYS - THE JAKARTA GLOBE
The Jakarta Globe, an Indonesian English language news paper reported that, A report by Standard & Poor’s Ratings Services that a regulatory ...
Tuesday, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...
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- PTC India Limited - India
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
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