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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, 09 September 10
DRY BULK MARKET IS LOOKING TO INCREASE GAINS ON OCTOBER IRON ORE CONTRACTS
The “success” story that the dry bulk market has been displaying during the past couple of weeks is being materialized as we head toward ...
Tuesday, 07 September 10
INDIA IMPORTS 1.63 MLN T OF COAL FOR THE PERIOD 30 AUGUST - 5 SEPTEMBER - SOURCES
COALspot.com: India has imported 1.07 million tons of power plant coal, 0.520 mln tons of coking coal and around 41,000 mt of Anthracite coal for th ...
Tuesday, 07 September 10
GOVERNMENT DECLARED INDONESIAN COAL PRICE REFERENCE DECLINE FOR THIRD-STRAIGHT MONTH
COALspot.com: Indonesian thermal coal price reference, a monthly benchmark price declared by Ministry of Energy and mineral resources of Repub ...
Tuesday, 07 September 10
MERCATOR TO BUY COAL MINE IN INDONESIA THIS FISCAL
Mercator Lines, India’s second-largest shipping company which has diversified into coal mining, will buy a coal mine in Indonesia with more th ...
Monday, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
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- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Deloitte Consulting - India
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Australian Coal Association
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- The University of Queensland
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Planning Commission, India
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
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