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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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Tuesday, 05 April 11
DRY BULK MARKET DOWN ON FIRST DAY OF SECOND QUARTER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market began the second quarter on a downward pattern, with the industry’s benchmark, the Baltic Dry Index (BDI) shedding 1.45 pe ...
Monday, 04 April 11
INDONESIA INTERNATIONAL CONFERENCE FOCUS ON INDONESIA'S ECONOMY (IICFIE) 2011 MASTER PLAN TO ACCELERATE THE ECONOMIC DEVELOPMENT
Press Release - Since couple of years, Indonesia's economy show impressive growth. What is the Indonesia's Economic Corridor and the Master plan t ...
Saturday, 02 April 11
TNPL CALLS FOR 160KT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure another 160,000 MT +/- 5 percent of Non-Coking imported C ...
Saturday, 02 April 11
THE FREIGHT MARKETS LIKELY TO BE SOFT NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market softened this week affecting all sectors with BDI down by 65 points (down by 4.10 pct) and closed at 1,520 points. ...
Friday, 01 April 11
SUPRAS EX RICHARDS BAY COAL TERMINAL TO INDIA HOVERING AT $ 25 - 27.00 PMT - FEARNBULK
Handy
Atlantic markets remain stable with more activity from the Black Sea to FEast paying in the mid 20´s on Supras. The USG remains firm p ...
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- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Planning Commission, India
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Marubeni Corporation - India
- PTC India Limited - India
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
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