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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, 21 December 10
CIL TOLD TO SCOUT MINES ABROAD TO BRIDGE COAL DEFICIT - ECONOMIC TIMES
Economic Times reported that, The government asked state-owned CIL to look for acquiring assets abroad to meet the domestic shortfall of coal.
&q ...
Tuesday, 21 December 10
SHIPPING INDUSTRY RECOVERING, BUT STILL HAMPERED BY OVERSUPPLY OF VESSELS AND DEPRESSED FREIGHT RATES - UNCTAD / HELLENIC SHIPPING
International seaborne trade contracted by 4.5 per cent in 2009, reports UNCTAD´s Review of Maritime Transport 2010 . That decline put seaborn ...
Sunday, 19 December 10
SPOT SUPRAMAX VESSELS WERE FIXED AROUND US$ 13,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued to be soft with the BDI down by 96 points and closed at 1,999 points, touching below 2,000 points on Fri ...
Friday, 17 December 10
THE PANAMAX MARKET HAS EXPERIENCED A SOFTER TENDENCY THIS WEEK - FEARNBULK
Handy
Monotonous Atlantic markets with little fresh enquiry in Black Sea/Med/Continent. Large Supras are achieving usd 21/22k for TA rounds - 2/3 ...
Friday, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003 ...
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- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Economic Council, Georgia
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- White Energy Company Limited
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
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